Loading fund overlap…
24 of 129 unique stocks in common · Jaccard: 18.6%
A weighted portfolio overlap of 24.9% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.9 is allocated to the exact same companies at the same relative proportions. The schemes share 24 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 6.60% in Back to Index and 7.30% in Nippon India Large Cap Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 6.60% | 7.30% |
| HDFC BankBanks | 5.22% | 9.31% |
| Axis BankBanks | 2.38% | 4.46% |
| EternalRetailing | 1.61% | 1.71% |
| Maruti Suzuki IndiaAutomobiles | 1.61% | 2.17% |
| Mahindra & MahindraAutomobiles | 1.61% | 0.99% |
| ICICI BankBanks | 0.77% | 6.47% |
| Bharti AirtelTelecom - Services | 4.47% | 0.73% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.71% | 0.89% |
| ITCDiversified FMCG | 0.70% | 5.84% |
| State Bank of IndiaBanks | 0.58% | 6.04% |
| Bharat ElectronicsAerospace & Defense | 1.01% | 0.54% |
| Grasim IndustriesCement & Cement Products | 1.30% | 0.46% |
| Hero MotoCorpAutomobiles | 0.44% | 0.79% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.28% | 0.54% |
| One 97 CommunicationsFinancial Technology (Fintech) | 1.82% | 0.28% |
| Tata SteelFerrous Metals | 0.28% | 1.58% |
| Larsen & ToubroConstruction | 0.19% | 3.71% |
| HDFC Life Insurance CompanyInsurance | 0.16% | 0.89% |
| HDFC Asset Management CompanyCapital Markets | 0.11% | 1.04% |
| The Indian Hotels CompanyLeisure Services | 0.10% | 1.77% |
| Max Financial ServicesInsurance | 0.08% | 0.47% |
| Ultratech CementCement & Cement Products | 0.06% | 0.57% |
| Hindustan UnileverDiversified FMCG | 0.02% | 1.40% |
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.