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9 of 116 unique stocks in common · Jaccard: 7.8%
A weighted portfolio overlap of 12.09% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.09 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 Vishal Mega Mart, which commands a weight of 2.44% in Back to Index and 2.67% in Kotak Midcap Fund. Holding both schemes increases your concentration in Vishal Mega Mart 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 Kotak |
|---|---|---|
| Vishal Mega MartRetailing | 2.44% | 2.67% |
| EternalRetailing | 5.13% | 2.04% |
| SwiggyRetailing | 3.53% | 1.65% |
| Piramal FinanceFinance | 2.27% | 1.18% |
| HDB Financial ServicesFinance | 1.13% | 1.61% |
| Bharti HexacomTelecom - Services | 1.07% | 1.76% |
| Nuvama Wealth ManagementCapital Markets | 1.05% | 1.57% |
| Global HealthHealthcare Services | 0.88% | 1.63% |
| Lenskart SolutionsRetailing | 1.44% | 0.65% |
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.