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6 of 121 unique stocks in common · Jaccard: 5%
A weighted portfolio overlap of 8.87% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.87 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 5.83% in Back to Index and 3.48% in Tata BSE Multicap Consumption 50-30-20 Index 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 Tata |
|---|---|---|
| EternalRetailing | 5.83% | 3.48% |
| Dixon Technologies (India)Consumer Durables | 3.54% | 1.58% |
| TVS Motor CompanyAutomobiles | 2.08% | 1.51% |
| Tube Investments of IndiaAuto Components | 3.51% | 1.09% |
| Prestige Estates ProjectsRealty | 2.91% | 0.76% |
| Kalyan Jewellers IndiaConsumer Durables | 7.09% | 0.45% |
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.