Loading fund overlap…
4 of 43 unique stocks in common · Jaccard: 9.3%
A weighted portfolio overlap of 16.78% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.78 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.20% in Back to Index and 6.63% in Tata Focused 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 Tata |
|---|---|---|
| ICICI BankBanks | 5.20% | 6.63% |
| HDFC BankBanks | 4.39% | 6.94% |
| Healthcare Global EnterprisesHealthcare Services | 6.55% | 3.64% |
| Bharti AirtelTelecom - Services | 3.95% | 3.55% |
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.