Loading fund overlap…
6 of 88 unique stocks in common · Jaccard: 6.8%
A weighted portfolio overlap of 8.05% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.05 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 Eternal, which commands a weight of 3.95% in Back to Index and 2.04% in Kotak Midcap Fund. Holding both schemes increases your concentration in Eternal 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 Kotak |
|---|---|---|
| EternalRetailing | 3.95% | 2.04% |
| Bharat ElectronicsAerospace & Defense | 1.84% | 2.13% |
| Persistent SystemsIT - Software | 3.43% | 1.62% |
| BSECapital Markets | 1.65% | 1.39% |
| Rubicon ResearchPharmaceuticals & Biotechnology | 3.10% | 0.59% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.58% | 0.57% |
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.