Loading fund overlap…
4 of 47 unique stocks in common · Jaccard: 8.5%
A weighted portfolio overlap of 5.69% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.69 is allocated to the exact same companies at the same relative proportions. The schemes share 4 common holdings.
The largest overlapping asset in their portfolios is Bharat Heavy Electricals, which commands a weight of 3.56% in Back to Index and 8.74% in quant PSU Fund. Holding both schemes increases your concentration in Bharat Heavy Electricals 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 quant |
|---|---|---|
| Bharat Heavy ElectricalsElectrical Equipment | 3.56% | 8.74% |
| Adani Green EnergyPower | 1.42% | 8.27% |
| NLC IndiaPower | 0.36% | 7.81% |
| NTPC Green EnergyPower | 0.35% | 3.97% |
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.