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5 of 52 unique stocks in common · Jaccard: 9.6%
A weighted portfolio overlap of 16.83% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.83 is allocated to the exact same companies at the same relative proportions. The schemes share 5 common holdings.
The largest overlapping asset in their portfolios is Coforge, which commands a weight of 5.58% in Back to Index and 3.71% in DSP Nifty500 Flexicap Quality 30 Index Fund. Holding both schemes increases your concentration in Coforge 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 DSP |
|---|---|---|
| CoforgeIT - Software | 5.58% | 3.71% |
| Dixon Technologies (India)Consumer Durables | 3.54% | 3.50% |
| Persistent SystemsIT - Software | 5.41% | 3.50% |
| Tube Investments of IndiaAuto Components | 3.51% | 3.49% |
| Bharat ElectronicsAerospace & Defense | 2.63% | 3.13% |
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.