Loading fund overlap…
5 of 278 unique stocks in common · Jaccard: 1.8%
A weighted portfolio overlap of 3.14% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹3.14 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is Navin Fluorine International, which commands a weight of 4.57% in Back to Index and 1.30% in DSP Nifty Smallcap 250 ETF. 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 DSP |
|---|---|---|
| Navin Fluorine InternationalChemicals & Petrochemicals | 4.57% | 1.30% |
| Ather EnergyAutomobiles | 3.07% | 0.91% |
| PTC IndustriesIndustrial Products | 1.96% | 0.49% |
| Gabriel IndiaAuto Components | 3.20% | 0.34% |
| Jain Resource RecyclingDiversified Metals | 2.71% | 0.10% |
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.