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9 of 71 unique stocks in common · Jaccard: 12.7%
A weighted portfolio overlap of 21.5% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.5 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 8.73% in Back to Index and 5.82% in Nippon India Power & Infra Fund. Holding both schemes increases your concentration in Reliance Industries 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 Nippon |
|---|---|---|
| Reliance IndustriesPetroleum Products | 8.73% | 5.82% |
| NTPCPower | 6.54% | 5.76% |
| Tata Power CompanyPower | 2.57% | 2.23% |
| Power Grid Corporation of IndiaPower | 4.98% | 2.15% |
| SiemensElectrical Equipment | 2.33% | 2.09% |
| Coal IndiaConsumable Fuels | 9.38% | 1.49% |
| Indraprastha GasGas | 1.19% | 1.40% |
| CESCPower | 0.41% | 1.75% |
| NLC IndiaPower | 0.36% | 0.96% |
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 Apr 2026). Equity holdings only, ISIN-verified. Not investment advice.