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10 of 66 unique stocks in common · Jaccard: 15.2%
A weighted portfolio overlap of 33.66% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹33.66 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is Mahindra & Mahindra, which commands a weight of 5.45% in Back to Index and 6.40% in HDFC Consumption Fund. Holding both schemes increases your concentration in Mahindra & Mahindra 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 HDFC |
|---|---|---|
| Mahindra & MahindraAutomobiles | 5.45% | 6.40% |
| Bharti AirtelTelecom - Services | 8.37% | 5.28% |
| Hindustan UnileverDiversified FMCG | 3.98% | 8.24% |
| EternalRetailing | 3.88% | 9.35% |
| Varun BeveragesBeverages | 3.69% | 3.42% |
| Maruti Suzuki IndiaAutomobiles | 2.85% | 3.07% |
| TVS Motor CompanyAutomobiles | 2.75% | 2.46% |
| Godrej Consumer ProductsPersonal Products | 2.24% | 4.36% |
| Britannia IndustriesFood Products | 2.07% | 2.76% |
| Chalet HotelsLeisure Services | 2.03% | 2.40% |
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.