Loading fund overlap…
6 of 77 unique stocks in common · Jaccard: 7.8%
A weighted portfolio overlap of 10.74% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.74 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 Mahindra & Mahindra, which commands a weight of 2.61% in Back to Index and 2.52% in SBI Nifty 50 ETF. Holding both schemes increases your concentration in Mahindra & Mahindra 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 SBI |
|---|---|---|
| Mahindra & MahindraAutomobiles | 2.61% | 2.52% |
| Reliance IndustriesPetroleum Products | 2.52% | 8.25% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 4.15% | 1.76% |
| Hindalco IndustriesNon - Ferrous Metals | 5.04% | 1.51% |
| Bharat ElectronicsAerospace & Defense | 2.77% | 1.36% |
| Bajaj AutoAutomobiles | 2.95% | 1.07% |
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.