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15 of 127 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 21.33% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.33 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 6.60% in Back to Index and 6.01% in Templeton India Value 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 Templeton |
|---|---|---|
| Reliance IndustriesPetroleum Products | 6.60% | 6.01% |
| HDFC BankBanks | 5.22% | 7.23% |
| Axis BankBanks | 2.38% | 6.78% |
| Maruti Suzuki IndiaAutomobiles | 1.61% | 3.27% |
| Grasim IndustriesCement & Cement Products | 1.30% | 1.50% |
| PNB Housing FinanceFinance | 1.11% | 1.06% |
| ICICI BankBanks | 0.77% | 4.67% |
| ITCDiversified FMCG | 0.70% | 2.20% |
| State Bank of IndiaBanks | 0.58% | 2.66% |
| CiplaPharmaceuticals & Biotechnology | 0.55% | 3.36% |
| RBL BankBanks | 0.48% | 2.15% |
| Tata SteelFerrous Metals | 0.28% | 2.49% |
| Bandhan BankBanks | 0.20% | 1.90% |
| IDFC First BankBanks | 0.17% | 2.03% |
| Oil & Natural Gas CorporationOil | 0.01% | 3.82% |
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.