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7 of 62 unique stocks in common · Jaccard: 11.3%
A weighted portfolio overlap of 17.23% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.23 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is Shriram Finance, which commands a weight of 3.56% in Back to Index and 4.57% in Tata Banking & Financial Services Fund. Holding both schemes increases your concentration in Shriram Finance 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 |
|---|---|---|
| Shriram FinanceFinance | 3.56% | 4.57% |
| Canara HSBC Life Insurance CoInsurance | 2.85% | 2.58% |
| Aditya Birla Sun Life AMCCapital Markets | 4.60% | 2.48% |
| One 97 CommunicationsFinancial Technology (Fintech) | 4.81% | 2.48% |
| State Bank of IndiaBanks | 2.48% | 9.00% |
| Multi Commodity Exchange of IndiaCapital Markets | 6.03% | 1.99% |
| DCB BankBanks | 2.22% | 1.66% |
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.