Loading fund overlap…
14 of 153 unique stocks in common · Jaccard: 9.2%
A weighted portfolio overlap of 13.9% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.9 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Max Healthcare Institute, which commands a weight of 2.23% in Back to Index and 2.17% in Nippon India Nifty Midcap 150 Index Fund. Holding both schemes increases your concentration in Max Healthcare Institute 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 Nippon |
|---|---|---|
| Max Healthcare InstituteHealthcare Services | 2.23% | 2.17% |
| Tube Investments of IndiaAuto Components | 3.51% | 1.39% |
| PB FintechFinancial Technology (Fintech) | 2.20% | 1.34% |
| BSECapital Markets | 3.83% | 1.32% |
| Persistent SystemsIT - Software | 5.41% | 1.21% |
| IDFC First BankBanks | 1.47% | 1.14% |
| Dixon Technologies (India)Consumer Durables | 3.54% | 1.10% |
| AU Small Finance BankBanks | 1.01% | 1.07% |
| KEI IndustriesIndustrial Products | 5.48% | 0.78% |
| Prestige Estates ProjectsRealty | 2.91% | 0.68% |
| Aditya Birla CapitalFinance | 5.17% | 0.57% |
| L&T FinanceFinance | 2.61% | 0.48% |
| One 97 CommunicationsFinancial Technology (Fintech) | 7.29% | 0.38% |
| Kalyan Jewellers IndiaConsumer Durables | 7.09% | 0.33% |
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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.