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8 of 42 unique stocks in common · Jaccard: 19%
A weighted portfolio overlap of 28.33% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.33 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 Eternal, which commands a weight of 8.02% in Back to Index and 8.38% in UTI Innovation Fund. Holding both schemes increases your concentration in Eternal 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 UTI |
|---|---|---|
| EternalRetailing | 8.02% | 8.38% |
| One 97 CommunicationsFinancial Technology (Fintech) | 5.67% | 5.49% |
| PB FintechFinancial Technology (Fintech) | 7.47% | 4.23% |
| Info Edge (India)Retailing | 3.87% | 7.99% |
| Rategain Travel TechnologiesIT - Software | 3.21% | 4.76% |
| C.E. Info SystemsIT - Software | 3.19% | 1.63% |
| Fractal AnalyticsIT - Software | 2.72% | 1.25% |
| Yatra OnlineLeisure Services | 0.63% | 2.49% |
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.