Loading fund overlap…
33 of 851 unique stocks in common · Jaccard: 3.9%
A weighted portfolio overlap of 14.56% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹14.56 is allocated to the exact same companies at the same relative proportions. The schemes share 33 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.51% in Back to Index and 3.36% in Nippon India Innovation Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 4.51% | 3.36% |
| HDFC BankBanks | 5.87% | 3.14% |
| Axis BankBanks | 1.81% | 3.33% |
| EternalRetailing | 0.88% | 3.39% |
| Hindustan UnileverDiversified FMCG | 1.00% | 0.77% |
| Bajaj FinservFinance | 0.49% | 4.05% |
| TVS Motor CompanyAutomobiles | 0.41% | 1.61% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.39% | 2.87% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.37% | 1.58% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 1.73% |
| Avenue SupermartsRetailing | 0.34% | 1.98% |
| Hero MotoCorpAutomobiles | 0.33% | 2.05% |
| Samvardhana Motherson InternationalAuto Components | 0.27% | 4.02% |
| One 97 CommunicationsFinancial Technology (Fintech) | 0.23% | 0.73% |
| ICICI Lombard General Insurance CompanyInsurance | 0.21% | 1.89% |
| FSN E-Commerce VenturesRetailing | 0.18% | 3.61% |
| SiemensElectrical Equipment | 0.17% | 2.41% |
| BoschAuto Components | 0.16% | 2.30% |
| DelhiveryTransport Services | 0.13% | 2.16% |
| Kirloskar Oil EnginesIndustrial Products | 0.07% | 1.41% |
| Timken IndiaIndustrial Products | 0.06% | 2.29% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 0.06% | 2.34% |
| Affle 3iIT - Services | 0.05% | 3.09% |
| Motherson Sumi Wiring IndiaAuto Components | 0.05% | 2.26% |
| United BreweriesBeverages | 0.05% | 2.98% |
| 3M IndiaDiversified | 0.04% | 4.63% |
| Honeywell Automation IndiaIndustrial Manufacturing | 0.04% | 3.87% |
| Syngene InternationalHealthcare Services | 0.04% | 3.07% |
| Bayer CropscienceFertilizers & Agrochemicals | 0.03% | 1.51% |
| Restaurant Brands AsiaLeisure Services | 0.02% | 2.25% |
| Sanofi IndiaPharmaceuticals & Biotechnology | 0.02% | 1.90% |
| Tejas NetworksTelecom - Equipment & Accessories | 0.02% | 3.20% |
| eMudhraIT - Services | 0.01% | 2.61% |
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.