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52 of 853 unique stocks in common · Jaccard: 6.1%
A weighted portfolio overlap of 35.58% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.58 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 6.11% in Nippon India ELSS Tax Saver 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 Nippon |
|---|---|---|
| HDFC BankBanks | 5.87% | 6.11% |
| ICICI BankBanks | 4.51% | 7.55% |
| Reliance IndustriesPetroleum Products | 4.83% | 3.14% |
| Larsen & ToubroConstruction | 2.34% | 2.83% |
| State Bank of IndiaBanks | 2.21% | 3.49% |
| InfosysIT - Software | 2.06% | 3.90% |
| Axis BankBanks | 1.81% | 3.79% |
| ITCDiversified FMCG | 1.52% | 1.63% |
| Tata Consultancy ServicesIT - Software | 1.25% | 1.02% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.97% | 1.36% |
| NTPCPower | 0.95% | 3.79% |
| EternalRetailing | 0.88% | 1.35% |
| Ultratech CementCement & Cement Products | 0.68% | 1.44% |
| Coal IndiaConsumable Fuels | 0.55% | 1.73% |
| InterGlobe AviationTransport Services | 0.48% | 1.60% |
| SBI Life Insurance CompanyInsurance | 0.41% | 1.40% |
| Jio Financial ServicesFinance | 0.40% | 1.01% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.39% | 0.50% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.37% | 1.00% |
| Tata Power CompanyPower | 0.37% | 1.59% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 1.96% |
| Avenue SupermartsRetailing | 0.34% | 1.78% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.34% |
| Hero MotoCorpAutomobiles | 0.33% | 0.91% |
| Power Finance CorporationFinance | 0.32% | 2.37% |
| The Indian Hotels CompanyLeisure Services | 0.28% | 1.93% |
| Samvardhana Motherson InternationalAuto Components | 0.27% | 2.70% |
| Jindal SteelFerrous Metals | 0.22% | 1.65% |
| RECFinance | 0.22% | 1.70% |
| ICICI Lombard General Insurance CompanyInsurance | 0.21% | 1.72% |
| Max Financial ServicesInsurance | 0.21% | 1.42% |
| United SpiritsBeverages | 0.19% | 1.34% |
| Union Bank of IndiaBanks | 0.16% | 0.92% |
| Ambuja CementsCement & Cement Products | 0.14% | 1.12% |
| Lodha DevelopersRealty | 0.13% | 1.66% |
| Radico KhaitanBeverages | 0.13% | 1.31% |
| AstralIndustrial Products | 0.09% | 0.57% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.09% | 1.07% |
| Cholamandalam Financial HoldingsFinance | 0.08% | 1.07% |
| Linde IndiaChemicals & Petrochemicals | 0.08% | 2.21% |
| Gland PharmaPharmaceuticals & Biotechnology | 0.07% | 1.26% |
| Timken IndiaIndustrial Products | 0.06% | 0.78% |
| Carborundum UniversalIndustrial Products | 0.05% | 0.57% |
| NLC IndiaPower | 0.05% | 1.18% |
| United BreweriesBeverages | 0.05% | 1.09% |
| 3M IndiaDiversified | 0.04% | 0.99% |
| PVR INOXEntertainment | 0.04% | 0.91% |
| TVS HoldingsFinance | 0.04% | 1.74% |
| Healthcare Global EnterprisesHealthcare Services | 0.02% | 0.47% |
| UTI Asset Management CompanyCapital Markets | 0.02% | 0.83% |
| KNR ConstructionsConstruction | 0.01% | 0.37% |
| Sundaram ClaytonAuto Components | 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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.