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52 of 854 unique stocks in common · Jaccard: 6.1%
A weighted portfolio overlap of 19.5% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.5 is allocated to the exact same companies at the same relative proportions. The schemes share 52 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.87% in Back to Index and 4.96% in DSP Multicap Fund. Holding both schemes increases your concentration in HDFC 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 DSP |
|---|---|---|
| HDFC BankBanks | 5.87% | 4.96% |
| ICICI BankBanks | 4.51% | 3.83% |
| Axis BankBanks | 1.81% | 4.06% |
| Mahindra & MahindraAutomobiles | 1.38% | 1.56% |
| ITCDiversified FMCG | 1.52% | 1.17% |
| NTPCPower | 0.95% | 1.10% |
| Coal IndiaConsumable Fuels | 0.55% | 2.21% |
| Hindustan AeronauticsAerospace & Defense | 0.41% | 0.71% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.39% | 1.25% |
| CiplaPharmaceuticals & Biotechnology | 0.37% | 2.38% |
| Hero MotoCorpAutomobiles | 0.33% | 2.51% |
| Bharat Petroleum CorporationPetroleum Products | 0.29% | 1.13% |
| ICICI Lombard General Insurance CompanyInsurance | 0.21% | 2.80% |
| Max Financial ServicesInsurance | 0.21% | 2.60% |
| Polycab IndiaIndustrial Products | 0.21% | 1.73% |
| CoforgeIT - Software | 0.20% | 2.39% |
| Info Edge (India)Retailing | 0.19% | 1.18% |
| APL Apollo TubesIndustrial Products | 0.17% | 2.09% |
| SiemensElectrical Equipment | 0.17% | 1.26% |
| KEI IndustriesIndustrial Products | 0.15% | 2.39% |
| Tube Investments of IndiaAuto Components | 0.15% | 1.92% |
| IPCA LaboratoriesPharmaceuticals & Biotechnology | 0.11% | 1.36% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.10% | 1.99% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.09% | 0.77% |
| Nippon Life India Asset ManagementCapital Markets | 0.09% | 2.27% |
| Schaeffler IndiaAuto Components | 0.08% | 1.78% |
| Welspun CorpIndustrial Products | 0.08% | 1.72% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.07% | 2.20% |
| Kirloskar Oil EnginesIndustrial Products | 0.07% | 2.43% |
| Sai Life SciencesPharmaceuticals & Biotechnology | 0.07% | 1.22% |
| IIFL FinanceFinance | 0.06% | 0.79% |
| Nuvama Wealth ManagementCapital Markets | 0.06% | 0.37% |
| Cohance LifesciencesPharmaceuticals & Biotechnology | 0.04% | 1.06% |
| CyientIT - Services | 0.04% | 1.34% |
| EmamiPersonal Products | 0.04% | 1.26% |
| PG ElectroplastConsumer Durables | 0.04% | 1.02% |
| Syngene InternationalHealthcare Services | 0.04% | 1.52% |
| Bayer CropscienceFertilizers & Agrochemicals | 0.03% | 1.42% |
| Hexaware TechnologiesIT - Software | 0.03% | 0.90% |
| Jubilant IngreviaChemicals & Petrochemicals | 0.03% | 1.01% |
| R R KabelIndustrial Products | 0.03% | 1.80% |
| Sudarshan Chemical IndustriesChemicals & Petrochemicals | 0.03% | 0.77% |
| Vardhman TextilesTextiles & Apparels | 0.03% | 0.88% |
| Alembic PharmaceuticalsPharmaceuticals & Biotechnology | 0.02% | 0.33% |
| Archean Chemical IndustriesChemicals & Petrochemicals | 0.02% | 1.55% |
| Century Plyboards (India)Consumer Durables | 0.02% | 1.24% |
| PhysicswallahOther Consumer Services | 0.02% | 1.85% |
| UTI Asset Management CompanyCapital Markets | 0.02% | 1.92% |
| Dodla DairyFood Products | 0.01% | 0.90% |
| IFB IndustriesConsumer Durables | 0.01% | 0.61% |
| Indigo PaintsConsumer Durables | 0.01% | 0.97% |
| Prince Pipes And FittingsIndustrial Products | 0.01% | 1.05% |
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.