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9 of 105 unique stocks in common · Jaccard: 8.6%
A weighted portfolio overlap of 12.77% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.77 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Bharat Electronics, which commands a weight of 2.12% in Back to Index and 6.74% in Kotak BSE PSU Index Fund. Holding both schemes increases your concentration in Bharat Electronics 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 Kotak |
|---|---|---|
| Bharat ElectronicsAerospace & Defense | 2.12% | 6.74% |
| Canara BankBanks | 2.39% | 2.01% |
| State Bank of IndiaBanks | 1.97% | 18.34% |
| National Aluminium CompanyNon - Ferrous Metals | 2.48% | 1.75% |
| Union Bank of IndiaBanks | 1.87% | 1.47% |
| Indian BankBanks | 2.27% | 1.34% |
| Hindustan CopperNon - Ferrous Metals | 4.07% | 0.81% |
| Bank of IndiaBanks | 1.97% | 0.79% |
| Bharat DynamicsAerospace & Defense | 0.51% | 0.51% |
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.