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6 of 119 unique stocks in common · Jaccard: 5%
A weighted portfolio overlap of 13.49% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.49 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 7.22% in Back to Index and 8.46% in Tata Nifty500 Multicap India Manufacturing 50-30-20 Index Fund. Holding both schemes increases your concentration in Reliance Industries 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 7.22% | 8.46% |
| Mahindra & MahindraAutomobiles | 2.10% | 5.77% |
| Maruti Suzuki IndiaAutomobiles | 1.60% | 3.65% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.43% | 4.04% |
| JB Chemicals & PharmaceuticalsPharmaceuticals & Biotechnology | 1.70% | 0.84% |
| Whirlpool of IndiaConsumer Durables | 1.55% | 0.30% |
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.