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12 of 81 unique stocks in common · Jaccard: 14.8%
A weighted portfolio overlap of 23.02% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.02 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 ICICI Bank, which commands a weight of 3.86% in Back to Index and 8.20% in DSP Flexi Cap Fund. Holding both schemes increases your concentration in ICICI Bank 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 DSP |
|---|---|---|
| ICICI BankBanks | 3.86% | 8.20% |
| Bharti AirtelTelecom - Services | 5.17% | 2.94% |
| State Bank of IndiaBanks | 2.83% | 3.43% |
| CoforgeIT - Software | 5.27% | 2.55% |
| Samvardhana Motherson InternationalAuto Components | 2.28% | 2.23% |
| CG Power and Industrial SolutionsElectrical Equipment | 6.43% | 1.90% |
| Radico KhaitanBeverages | 1.75% | 1.87% |
| Polycab IndiaIndustrial Products | 2.65% | 1.67% |
| EternalRetailing | 5.32% | 1.36% |
| Multi Commodity Exchange of IndiaCapital Markets | 3.72% | 0.99% |
| ICICI Prudential Asset Management CompanyCapital Markets | 1.01% | 0.50% |
| PG ElectroplastConsumer Durables | 2.60% | 0.44% |
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.