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11 of 83 unique stocks in common · Jaccard: 13.3%
A weighted portfolio overlap of 20.6% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.6 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 3.86% in Back to Index and 8.83% in HDFC 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 HDFC |
|---|---|---|
| ICICI BankBanks | 3.86% | 8.83% |
| Larsen & ToubroConstruction | 4.04% | 3.55% |
| Bharti AirtelTelecom - Services | 5.17% | 2.96% |
| State Bank of IndiaBanks | 2.83% | 4.22% |
| EternalRetailing | 5.32% | 2.73% |
| InterGlobe AviationTransport Services | 2.36% | 2.79% |
| Persistent SystemsIT - Software | 4.56% | 1.25% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.03% | 0.58% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 2.37% | 0.34% |
| ICICI Prudential Asset Management CompanyCapital Markets | 1.01% | 0.12% |
| Bharat ElectronicsAerospace & Defense | 2.77% | 0.02% |
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.