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9 of 71 unique stocks in common · Jaccard: 12.7%
A weighted portfolio overlap of 16.6% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.6 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 Hero MotoCorp, which commands a weight of 7.65% in Back to Index and 4.79% in NJ Flexi Cap Fund. Holding both schemes increases your concentration in Hero MotoCorp 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 NJ |
|---|---|---|
| Hero MotoCorpAutomobiles | 7.65% | 4.79% |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | 3.65% | 3.27% |
| Colgate Palmolive (India)Personal Products | 3.19% | 3.30% |
| Havells IndiaConsumer Durables | 3.62% | 1.93% |
| Dabur IndiaPersonal Products | 3.02% | 1.73% |
| Abbott IndiaPharmaceuticals & Biotechnology | 1.48% | 0.47% |
| MaricoAgricultural Food & Other Products | 4.75% | 0.45% |
| Page IndustriesTextiles & Apparels | 2.62% | 0.45% |
| Indian Railway Catering And Tourism CorporationLeisure Services | 1.88% | 0.32% |
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.