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37 of 851 unique stocks in common · Jaccard: 4.3%
A weighted portfolio overlap of 14.38% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.38 is allocated to the exact same companies at the same relative proportions. The schemes share 37 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.87% in Back to Index and 1.22% in Kotak Debt Hybrid 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 Kotak |
|---|---|---|
| HDFC BankBanks | 5.87% | 1.22% |
| State Bank of IndiaBanks | 2.21% | 1.19% |
| Bharti AirtelTelecom - Services | 2.68% | 1.05% |
| ICICI BankBanks | 4.51% | 1.03% |
| Axis BankBanks | 1.81% | 0.95% |
| NTPCPower | 0.95% | 1.25% |
| Reliance IndustriesPetroleum Products | 4.83% | 0.91% |
| Maruti Suzuki IndiaAutomobiles | 0.88% | 1.06% |
| Tata SteelFerrous Metals | 0.87% | 0.49% |
| Tech MahindraIT - Software | 0.47% | 0.64% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.41% | 0.44% |
| InterGlobe AviationTransport Services | 0.48% | 0.38% |
| Max Healthcare InstituteHealthcare Services | 0.37% | 0.51% |
| Britannia IndustriesFood Products | 0.34% | 0.55% |
| Hero MotoCorpAutomobiles | 0.33% | 0.83% |
| InfosysIT - Software | 2.06% | 0.33% |
| Power Finance CorporationFinance | 0.32% | 0.31% |
| Ultratech CementCement & Cement Products | 0.68% | 0.28% |
| Indus TowersTelecom - Services | 0.26% | 0.54% |
| Bank of BarodaBanks | 0.24% | 0.94% |
| Fortis HealthcareHealthcare Services | 0.24% | 0.40% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 0.23% | 0.27% |
| ITCDiversified FMCG | 1.52% | 0.22% |
| SwiggyRetailing | 0.19% | 0.34% |
| United SpiritsBeverages | 0.19% | 0.57% |
| Indian BankBanks | 0.15% | 0.39% |
| MphasisIT - Software | 0.15% | 0.40% |
| Radico KhaitanBeverages | 0.13% | 0.46% |
| Life Insurance Corporation of IndiaInsurance | 0.10% | 0.17% |
| JB Chemicals & PharmaceuticalsPharmaceuticals & Biotechnology | 0.09% | 0.58% |
| Nippon Life India Asset ManagementCapital Markets | 0.09% | 0.33% |
| Bank of MaharashtraBanks | 0.08% | 0.42% |
| Poonawalla FincorpFinance | 0.07% | 0.35% |
| Century Plyboards (India)Consumer Durables | 0.02% | 0.34% |
| Mahindra Lifespace DevelopersRealty | 0.02% | 0.12% |
| PokarnaConsumer Durables | 0.01% | 0.19% |
| V.S.T Tillers TractorsAgricultural, Commercial & Construction Vehicles | 0.01% | 0.33% |
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.