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21 of 849 unique stocks in common · Jaccard: 2.5%
A weighted portfolio overlap of 22.43% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.43 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.87% in Back to Index and 6.07% in quant Multi Asset Allocation 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 quant |
|---|---|---|
| HDFC BankBanks | 5.87% | 6.07% |
| Reliance IndustriesPetroleum Products | 4.83% | 7.96% |
| ICICI BankBanks | 4.51% | 7.94% |
| Larsen & ToubroConstruction | 2.34% | 1.87% |
| Bharti AirtelTelecom - Services | 2.68% | 1.14% |
| Tata SteelFerrous Metals | 0.87% | 1.42% |
| Bajaj FinservFinance | 0.49% | 0.59% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 1.36% |
| Varun BeveragesBeverages | 0.35% | 0.67% |
| Adani EnterprisesMetals & Minerals Trading | 0.32% | 8.20% |
| HDFC Life Insurance CompanyInsurance | 0.32% | 5.86% |
| ITCDiversified FMCG | 1.52% | 0.31% |
| Indus TowersTelecom - Services | 0.26% | 2.95% |
| Adani Green EnergyPower | 0.20% | 8.36% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.19% | 4.57% |
| DLFRealty | 0.19% | 0.84% |
| BioconPharmaceuticals & Biotechnology | 0.13% | 0.64% |
| Godrej PropertiesRealty | 0.13% | 0.57% |
| Premier EnergiesElectrical Equipment | 0.06% | 2.21% |
| Black BoxIT - Services | 0.01% | 2.61% |
| Ventive HospitalityLeisure Services | 0.01% | 0.88% |
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.