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9 of 68 unique stocks in common · Jaccard: 13.2%
A weighted portfolio overlap of 22.79% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.79 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 Bharti Airtel, which commands a weight of 5.01% in Back to Index and 4.25% in Kotak Nifty500 Momentum 50 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 Kotak |
|---|---|---|
| Bharti AirtelTelecom - Services | 5.01% | 4.25% |
| BSECapital Markets | 3.83% | 4.84% |
| Multi Commodity Exchange of IndiaCapital Markets | 4.33% | 3.29% |
| Shriram FinanceFinance | 3.03% | 4.69% |
| TVS Motor CompanyAutomobiles | 2.08% | 3.20% |
| L&T FinanceFinance | 2.61% | 1.88% |
| One 97 CommunicationsFinancial Technology (Fintech) | 7.29% | 1.75% |
| Aditya Birla CapitalFinance | 5.17% | 1.67% |
| AU Small Finance BankBanks | 1.01% | 2.55% |
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.