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6 of 106 unique stocks in common · Jaccard: 5.7%
A weighted portfolio overlap of 6.33% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.33 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is Hyundai Motor India, which commands a weight of 2.38% in Back to Index and 1.48% in IB47-Groww Nifty Next 50 ETF. Holding both schemes increases your concentration in Hyundai Motor India 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 IB47-Groww |
|---|---|---|
| Hyundai Motor IndiaAutomobiles | 2.38% | 1.48% |
| Lodha DevelopersRealty | 2.38% | 1.43% |
| Siemens Energy IndiaElectrical Equipment | 2.77% | 1.20% |
| Indian Railway Finance CorporationFinance | 1.80% | 0.94% |
| Life Insurance Corporation of IndiaInsurance | 1.91% | 0.85% |
| Bajaj Housing FinanceFinance | 0.89% | 0.44% |
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.