Loading fund overlap…
6 of 46 unique stocks in common · Jaccard: 13%
A weighted portfolio overlap of 19.69% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.69 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 HDFC Bank, which commands a weight of 4.39% in Back to Index and 4.19% in Kotak Nifty 100 Low Volatility 30 Index Fund. Holding both schemes increases your concentration in HDFC 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 Kotak |
|---|---|---|
| HDFC BankBanks | 4.39% | 4.19% |
| ICICI BankBanks | 5.20% | 3.86% |
| Bharti AirtelTelecom - Services | 3.95% | 3.42% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 3.00% | 3.23% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.78% | 3.72% |
| Kotak Mahindra BankBanks | 2.44% | 3.27% |
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.