Loading fund overlap…
11 of 157 unique stocks in common · Jaccard: 7%
A weighted portfolio overlap of 6.16% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.16 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Eternal, which commands a weight of 1.32% in Back to Index and 2.04% in Kotak Midcap Fund. Holding both schemes increases your concentration in Eternal 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 Kotak |
|---|---|---|
| EternalRetailing | 1.32% | 2.04% |
| Bharat ElectronicsAerospace & Defense | 1.15% | 2.13% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.59% | 0.57% |
| Max Healthcare InstituteHealthcare Services | 0.55% | 0.80% |
| Cholamandalam Investment and Finance CompanyFinance | 0.50% | 1.66% |
| Power Finance CorporationFinance | 0.48% | 1.64% |
| Bank of BarodaBanks | 0.36% | 0.70% |
| Jindal SteelFerrous Metals | 0.34% | 0.96% |
| RECFinance | 0.33% | 0.69% |
| United SpiritsBeverages | 0.29% | 0.35% |
| Solar Industries IndiaChemicals & Petrochemicals | 0.27% | 2.55% |
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.