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11 of 84 unique stocks in common · Jaccard: 13.1%
A weighted portfolio overlap of 17.54% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.54 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.12% in Back to Index and 8.83% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in ICICI 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 HDFC |
|---|---|---|
| ICICI BankBanks | 4.12% | 8.83% |
| EternalRetailing | 3.95% | 2.73% |
| Maruti Suzuki IndiaAutomobiles | 2.35% | 2.91% |
| Reliance IndustriesPetroleum Products | 3.34% | 2.01% |
| State Bank of IndiaBanks | 1.98% | 4.22% |
| InterGlobe AviationTransport Services | 1.94% | 2.79% |
| Persistent SystemsIT - Software | 3.43% | 1.25% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.58% | 0.58% |
| BSECapital Markets | 1.65% | 0.44% |
| ICICI Prudential Asset Management CompanyCapital Markets | 4.02% | 0.12% |
| Bharat ElectronicsAerospace & Defense | 1.84% | 0.02% |
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.