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19 of 126 unique stocks in common · Jaccard: 15.1%
A weighted portfolio overlap of 19.68% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.68 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is Maruti Suzuki India, which commands a weight of 4.47% in Back to Index and 2.91% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in Maruti Suzuki India 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 |
|---|---|---|
| Maruti Suzuki IndiaAutomobiles | 4.47% | 2.91% |
| Eicher MotorsAutomobiles | 2.48% | 2.46% |
| Reliance IndustriesPetroleum Products | 4.66% | 2.01% |
| CiplaPharmaceuticals & Biotechnology | 1.90% | 2.89% |
| Bajaj AutoAutomobiles | 2.84% | 1.78% |
| JSW SteelFerrous Metals | 3.06% | 1.72% |
| Tata SteelFerrous Metals | 4.51% | 1.30% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 2.10% | 1.18% |
| LupinPharmaceuticals & Biotechnology | 1.44% | 0.74% |
| BoschAuto Components | 0.70% | 1.10% |
| Hyundai Motor IndiaAutomobiles | 0.67% | 1.70% |
| Havells IndiaConsumer Durables | 0.80% | 0.57% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.45% | 0.40% |
| Dixon Technologies (India)Consumer Durables | 1.23% | 0.36% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.96% | 0.34% |
| TVS Motor CompanyAutomobiles | 2.12% | 0.29% |
| Escorts KubotaAgricultural, Commercial & Construction Vehicles | 0.21% | 0.34% |
| Anthem BiosciencesPharmaceuticals & Biotechnology | 0.12% | 0.57% |
| Bharat ElectronicsAerospace & Defense | 3.21% | 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.