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37 of 850 unique stocks in common · Jaccard: 4.4%
A weighted portfolio overlap of 31.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.36 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 ICICI Bank, which commands a weight of 4.51% in Back to Index and 4.78% in Tata Aggressive Hybrid 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 Tata |
|---|---|---|
| ICICI BankBanks | 4.51% | 4.78% |
| Reliance IndustriesPetroleum Products | 4.83% | 2.87% |
| Bharti AirtelTelecom - Services | 2.68% | 4.97% |
| Larsen & ToubroConstruction | 2.34% | 2.77% |
| InfosysIT - Software | 2.06% | 2.61% |
| Axis BankBanks | 1.81% | 2.10% |
| State Bank of IndiaBanks | 2.21% | 1.57% |
| ITCDiversified FMCG | 1.52% | 1.95% |
| HDFC BankBanks | 5.87% | 1.42% |
| Kotak Mahindra BankBanks | 1.41% | 2.59% |
| Mahindra & MahindraAutomobiles | 1.38% | 2.15% |
| Hindustan UnileverDiversified FMCG | 1.00% | 1.58% |
| Maruti Suzuki IndiaAutomobiles | 0.88% | 2.06% |
| Titan CompanyConsumer Durables | 0.89% | 0.80% |
| Ultratech CementCement & Cement Products | 0.68% | 2.49% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 0.61% | 1.47% |
| InterGlobe AviationTransport Services | 0.48% | 1.56% |
| Hindustan AeronauticsAerospace & Defense | 0.41% | 1.46% |
| Varun BeveragesBeverages | 0.35% | 2.43% |
| Britannia IndustriesFood Products | 0.34% | 2.06% |
| Samvardhana Motherson InternationalAuto Components | 0.27% | 1.39% |
| Bank of BarodaBanks | 0.24% | 1.68% |
| Adani Energy SolutionsPower | 0.23% | 1.79% |
| Bharat Heavy ElectricalsElectrical Equipment | 0.23% | 0.74% |
| IDFC First BankBanks | 0.23% | 1.20% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 0.21% | 2.11% |
| CoforgeIT - Software | 0.20% | 1.35% |
| ABB IndiaElectrical Equipment | 0.19% | 1.16% |
| PI IndustriesFertilizers & Agrochemicals | 0.12% | 0.75% |
| RBL BankBanks | 0.10% | 2.34% |
| Tata CommunicationsTelecom - Services | 0.09% | 1.60% |
| Premier EnergiesElectrical Equipment | 0.06% | 1.22% |
| Arvind FashionsRetailing | 0.02% | 1.14% |
| Healthcare Global EnterprisesHealthcare Services | 0.02% | 1.31% |
| Epack DurableConsumer Durables | 0.01% | 0.58% |
| PNC InfratechConstruction | 0.01% | 0.74% |
| Tega IndustriesIndustrial Manufacturing | 0.01% | 1.20% |
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.