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12 of 87 unique stocks in common · Jaccard: 13.8%
A weighted portfolio overlap of 42.58% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.58 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 10.72% in Back to Index and 9.35% in Tata Nifty500 Multicap Infrastructure 50-30-20 Index 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 10.72% | 9.35% |
| Larsen & ToubroConstruction | 10.60% | 8.41% |
| Bharti AirtelTelecom - Services | 7.87% | 9.87% |
| NTPCPower | 4.09% | 3.22% |
| Power Grid Corporation of IndiaPower | 4.11% | 2.31% |
| Suzlon EnergyElectrical Equipment | 2.27% | 2.50% |
| Bharat Heavy ElectricalsElectrical Equipment | 2.69% | 2.20% |
| Hitachi Energy IndiaElectrical Equipment | 3.07% | 1.77% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 4.30% | 1.61% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.74% | 1.48% |
| Hindustan Petroleum CorporationPetroleum Products | 1.69% | 1.37% |
| UNO MindaAuto Components | 2.42% | 0.72% |
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.