Loading fund overlap…
6 of 92 unique stocks in common · Jaccard: 6.5%
A weighted portfolio overlap of 5.18% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.18 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 Reliance Industries, which commands a weight of 2.52% in Back to Index and 2.01% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 2.52% | 2.01% |
| Bajaj AutoAutomobiles | 2.95% | 1.78% |
| LupinPharmaceuticals & Biotechnology | 4.65% | 0.74% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 4.61% | 0.34% |
| TVS Motor CompanyAutomobiles | 2.81% | 0.29% |
| Bharat ElectronicsAerospace & Defense | 2.77% | 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.