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42 of 113 unique stocks in common · Jaccard: 37.2%
A weighted portfolio overlap of 64.2% indicates a significant overlap (largely the same bets). This means that out of every ₹100 you invest across these two schemes, approximately ₹64.2 is allocated to the exact same companies at the same relative proportions. The schemes share 42 common holdings.
The largest overlapping asset in their portfolios is Mahindra & Mahindra, which commands a weight of 4.68% in Back to Index and 5.77% in Tata Nifty500 Multicap India Manufacturing 50-30-20 Index Fund. Holding both schemes increases your concentration in Mahindra & Mahindra 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 |
|---|---|---|
| Mahindra & MahindraAutomobiles | 4.68% | 5.77% |
| Reliance IndustriesPetroleum Products | 4.66% | 8.46% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 4.74% | 4.04% |
| Maruti Suzuki IndiaAutomobiles | 4.47% | 3.65% |
| Tata SteelFerrous Metals | 4.51% | 3.64% |
| Hindalco IndustriesNon - Ferrous Metals | 3.88% | 3.46% |
| Bharat ElectronicsAerospace & Defense | 3.21% | 3.12% |
| JSW SteelFerrous Metals | 3.06% | 2.54% |
| Bajaj AutoAutomobiles | 2.84% | 2.46% |
| Eicher MotorsAutomobiles | 2.48% | 2.09% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 2.10% | 1.80% |
| Tata Motors Passenger VehiclesAutomobiles | 1.84% | 1.75% |
| Hindustan AeronauticsAerospace & Defense | 1.71% | 1.73% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 2.07% | 1.68% |
| CiplaPharmaceuticals & Biotechnology | 1.90% | 1.67% |
| LupinPharmaceuticals & Biotechnology | 1.44% | 1.71% |
| Suzlon EnergyElectrical Equipment | 1.40% | 2.15% |
| Bharat ForgeAuto Components | 1.29% | 1.62% |
| Dixon Technologies (India)Consumer Durables | 1.23% | 1.48% |
| Laurus LabsPharmaceuticals & Biotechnology | 1.10% | 1.65% |
| Bharat Heavy ElectricalsElectrical Equipment | 1.07% | 1.89% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 1.00% | 1.24% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.96% | 1.38% |
| SRFChemicals & Petrochemicals | 0.94% | 1.23% |
| UPLFertilizers & Agrochemicals | 0.92% | 1.13% |
| Polycab IndiaIndustrial Products | 0.89% | 1.56% |
| VoltasConsumer Durables | 0.83% | 0.88% |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | 0.80% | 1.00% |
| Havells IndiaConsumer Durables | 0.80% | 0.92% |
| Tube Investments of IndiaAuto Components | 0.80% | 1.04% |
| APL Apollo TubesIndustrial Products | 0.71% | 1.04% |
| Sona BLW Precision ForgingsAuto Components | 0.70% | 1.30% |
| PI IndustriesFertilizers & Agrochemicals | 0.63% | 0.70% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 0.62% | 1.25% |
| Supreme IndustriesIndustrial Products | 0.49% | 0.71% |
| Page IndustriesTextiles & Apparels | 0.48% | 0.75% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.45% | 0.86% |
| Hindustan CopperNon - Ferrous Metals | 0.45% | 0.84% |
| AstralIndustrial Products | 0.39% | 0.60% |
| Himadri Speciality ChemicalChemicals & Petrochemicals | 0.37% | 0.68% |
| Kaynes Technology IndiaIndustrial Manufacturing | 0.26% | 0.47% |
| Castrol IndiaPetroleum Products | 0.23% | 0.42% |
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.