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10 of 116 unique stocks in common · Jaccard: 8.6%
A weighted portfolio overlap of 9.3% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.3 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 Eternal, which commands a weight of 5.13% in Back to Index and 2.73% in HDFC Flexi Cap 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 HDFC |
|---|---|---|
| EternalRetailing | 5.13% | 2.73% |
| Hyundai Motor IndiaAutomobiles | 2.38% | 1.70% |
| PB FintechFinancial Technology (Fintech) | 5.30% | 1.18% |
| Piramal PharmaPharmaceuticals & Biotechnology | 0.94% | 1.53% |
| FSN E-Commerce VenturesRetailing | 3.44% | 0.80% |
| Vishal Mega MartRetailing | 2.44% | 0.70% |
| Lenskart SolutionsRetailing | 1.44% | 0.51% |
| Anthem BiosciencesPharmaceuticals & Biotechnology | 0.44% | 0.57% |
| SwiggyRetailing | 3.53% | 0.27% |
| Hexaware TechnologiesIT - Software | 0.62% | 0.03% |
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.