Loading fund overlap…
8 of 77 unique stocks in common · Jaccard: 10.4%
A weighted portfolio overlap of 33.34% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.34 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 10.60% in Back to Index and 9.68% in UTI - Infrastructure Fund. Holding both schemes increases your concentration in Larsen & Toubro 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 UTI |
|---|---|---|
| Larsen & ToubroConstruction | 10.60% | 9.68% |
| Bharti AirtelTelecom - Services | 7.87% | 13.33% |
| Reliance IndustriesPetroleum Products | 10.72% | 7.39% |
| NTPCPower | 4.09% | 4.41% |
| Suzlon EnergyElectrical Equipment | 2.27% | 2.15% |
| Power Grid Corporation of IndiaPower | 4.11% | 1.10% |
| TD Power SystemsElectrical Equipment | 3.61% | 0.86% |
| Hindustan Petroleum CorporationPetroleum Products | 1.69% | 0.20% |
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.