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20 of 114 unique stocks in common · Jaccard: 17.5%
A weighted portfolio overlap of 46.09% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹46.09 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.77% in Back to Index and 8.17% in UTI Focused 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 UTI |
|---|---|---|
| HDFC BankBanks | 8.77% | 8.17% |
| ICICI BankBanks | 6.70% | 8.75% |
| Reliance IndustriesPetroleum Products | 7.17% | 5.15% |
| Bharti AirtelTelecom - Services | 4.30% | 3.86% |
| Larsen & ToubroConstruction | 3.50% | 4.61% |
| InfosysIT - Software | 3.08% | 4.17% |
| Kotak Mahindra BankBanks | 2.09% | 3.73% |
| Mahindra & MahindraAutomobiles | 2.05% | 2.89% |
| Bajaj FinanceFinance | 1.86% | 3.83% |
| Titan CompanyConsumer Durables | 1.34% | 3.30% |
| EternalRetailing | 1.32% | 5.08% |
| Tata SteelFerrous Metals | 1.30% | 3.82% |
| Maruti Suzuki IndiaAutomobiles | 1.29% | 2.22% |
| Shriram FinanceFinance | 0.97% | 2.87% |
| Tech MahindraIT - Software | 0.69% | 3.06% |
| Adani PowerPower | 0.68% | 1.90% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.64% | 2.08% |
| Hindustan AeronauticsAerospace & Defense | 0.61% | 1.78% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.55% | 2.74% |
| Shree CementCement & Cement Products | 0.24% | 2.03% |
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.