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16 of 98 unique stocks in common · Jaccard: 16.3%
A weighted portfolio overlap of 38.98% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.98 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 9.25% in Back to Index and 7.58% in DSP Flexi Cap Fund. Holding both schemes increases your concentration in HDFC Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in DSP |
|---|---|---|
| HDFC BankBanks | 9.25% | 7.58% |
| ICICI BankBanks | 6.69% | 8.20% |
| State Bank of IndiaBanks | 3.37% | 3.43% |
| Bharti AirtelTelecom - Services | 4.42% | 2.94% |
| Axis BankBanks | 2.60% | 5.11% |
| Mahindra & MahindraAutomobiles | 2.10% | 3.23% |
| Bajaj FinanceFinance | 1.92% | 2.61% |
| CG Power and Industrial SolutionsElectrical Equipment | 1.94% | 1.90% |
| InfosysIT - Software | 3.35% | 1.73% |
| Power Finance CorporationFinance | 1.56% | 1.54% |
| Samvardhana Motherson InternationalAuto Components | 1.43% | 2.23% |
| Indus TowersTelecom - Services | 1.42% | 1.59% |
| SBI Life Insurance CompanyInsurance | 1.26% | 1.23% |
| Tata Consultancy ServicesIT - Software | 2.34% | 1.02% |
| EternalRetailing | 1.01% | 1.36% |
| ICICI Prudential Asset Management CompanyCapital Markets | 1.56% | 0.50% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.