Loading fund overlap…
7 of 88 unique stocks in common · Jaccard: 8%
A weighted portfolio overlap of 3.55% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹3.55 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is FSN E-Commerce Ventures, which commands a weight of 4.19% in Back to Index and 0.80% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in FSN E-Commerce Ventures 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 HDFC |
|---|---|---|
| FSN E-Commerce VenturesRetailing | 4.19% | 0.80% |
| Vishal Mega MartRetailing | 3.01% | 0.70% |
| Havells IndiaConsumer Durables | 3.62% | 0.57% |
| Prestige Estates ProjectsRealty | 2.76% | 0.45% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 2.02% | 0.40% |
| Dixon Technologies (India)Consumer Durables | 5.31% | 0.36% |
| SwiggyRetailing | 4.29% | 0.27% |
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.