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11 of 93 unique stocks in common · Jaccard: 11.8%
A weighted portfolio overlap of 18.03% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.03 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 RBL Bank, which commands a weight of 2.83% in Back to Index and 2.81% in Kotak Nifty Smallcap 50 Index Fund. Holding both schemes increases your concentration in RBL 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 Kotak |
|---|---|---|
| RBL BankBanks | 2.83% | 2.81% |
| Karur Vysya BankBanks | 2.51% | 3.68% |
| Hindustan CopperNon - Ferrous Metals | 4.07% | 2.39% |
| DelhiveryTransport Services | 2.22% | 3.41% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 1.97% | 3.54% |
| Poonawalla FincorpFinance | 1.50% | 1.84% |
| IIFL FinanceFinance | 1.44% | 1.46% |
| Manappuram FinanceFinance | 1.06% | 2.41% |
| Amber Enterprises IndiaConsumer Durables | 1.03% | 2.24% |
| Narayana HrudayalayaHealthcare Services | 0.63% | 1.77% |
| RedingtonCommercial Services & Supplies | 0.47% | 1.80% |
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.