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10 of 68 unique stocks in common · Jaccard: 14.7%
A weighted portfolio overlap of 21.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.47 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 Bharti Airtel, which commands a weight of 8.37% in Back to Index and 3.26% in Lic Mf Consumption Fund. Holding both schemes increases your concentration in Bharti Airtel 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 Lic |
|---|---|---|
| Bharti AirtelTelecom - Services | 8.37% | 3.26% |
| Mahindra & MahindraAutomobiles | 5.45% | 2.79% |
| Radico KhaitanBeverages | 4.23% | 2.55% |
| TVS Motor CompanyAutomobiles | 2.75% | 2.37% |
| Allied Blenders And DistillersBeverages | 3.31% | 2.32% |
| Chalet HotelsLeisure Services | 2.03% | 1.90% |
| Hindustan UnileverDiversified FMCG | 3.98% | 1.88% |
| EternalRetailing | 3.88% | 1.58% |
| One 97 CommunicationsFinancial Technology (Fintech) | 5.54% | 1.45% |
| Britannia IndustriesFood Products | 2.07% | 1.37% |
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.