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9 of 295 unique stocks in common · Jaccard: 3.1%
A weighted portfolio overlap of 4.7% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.7 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Navin Fluorine International, which commands a weight of 1.26% in Back to Index and 1.70% in Lic Mf ELSS Tax Saver. Holding both schemes increases your concentration in Navin Fluorine International 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 Lic |
|---|---|---|
| Navin Fluorine InternationalChemicals & Petrochemicals | 1.26% | 1.70% |
| Kirloskar Oil EnginesIndustrial Products | 0.71% | 2.34% |
| Neuland LaboratoriesPharmaceuticals & Biotechnology | 0.65% | 0.88% |
| Piramal PharmaPharmaceuticals & Biotechnology | 0.50% | 0.62% |
| Affle 3iIT - Services | 0.45% | 1.11% |
| CCL Products (India)Agricultural Food & Other Products | 0.40% | 1.37% |
| EIHLeisure Services | 0.32% | 1.45% |
| JK Tyre & IndustriesAuto Components | 0.25% | 1.08% |
| Blue Dart ExpressTransport Services | 0.16% | 0.56% |
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.