Loading fund overlap…
8 of 117 unique stocks in common · Jaccard: 6.8%
A weighted portfolio overlap of 11.89% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹11.89 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 4.51% in Back to Index and 9.87% in Tata Nifty500 Multicap Infrastructure 50-30-20 Index Fund. Holding both schemes increases your concentration in Bharti Airtel 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 |
|---|---|---|
| Bharti AirtelTelecom - Services | 4.51% | 9.87% |
| Fortis HealthcareHealthcare Services | 1.77% | 1.75% |
| InterGlobe AviationTransport Services | 2.92% | 1.75% |
| Hitachi Energy IndiaElectrical Equipment | 1.32% | 1.77% |
| GMR AirportsTransport Infrastructure | 1.32% | 1.30% |
| Aster DM HealthcareHealthcare Services | 0.50% | 0.92% |
| Asahi India GlassAuto Components | 0.39% | 0.55% |
| Narayana HrudayalayaHealthcare Services | 0.37% | 0.65% |
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.