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9 of 82 unique stocks in common · Jaccard: 11%
A weighted portfolio overlap of 17.09% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.09 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is KEI Industries, which commands a weight of 5.48% in Back to Index and 2.98% in Kotak Midcap Fund. Holding both schemes increases your concentration in KEI Industries 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 |
|---|---|---|
| KEI IndustriesIndustrial Products | 5.48% | 2.98% |
| L&T FinanceFinance | 2.61% | 2.27% |
| Bharat ElectronicsAerospace & Defense | 2.63% | 2.13% |
| Dixon Technologies (India)Consumer Durables | 3.54% | 2.10% |
| EternalRetailing | 5.83% | 2.04% |
| Bharti HexacomTelecom - Services | 3.18% | 1.76% |
| Persistent SystemsIT - Software | 5.41% | 1.62% |
| BSECapital Markets | 3.83% | 1.39% |
| Max Healthcare InstituteHealthcare Services | 2.23% | 0.80% |
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.