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9 of 93 unique stocks in common · Jaccard: 9.7%
A weighted portfolio overlap of 18.57% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.57 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 ICICI Bank, which commands a weight of 4.43% 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 | 4.43% | 8.83% |
| Bharti AirtelTelecom - Services | 2.84% | 2.96% |
| EternalRetailing | 4.64% | 2.73% |
| HDFC BankBanks | 2.51% | 6.48% |
| Reliance IndustriesPetroleum Products | 2.31% | 2.01% |
| Persistent SystemsIT - Software | 2.77% | 1.25% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 2.30% | 1.18% |
| PB FintechFinancial Technology (Fintech) | 2.00% | 1.18% |
| BSECapital Markets | 2.93% | 0.44% |
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.