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15 of 80 unique stocks in common · Jaccard: 18.8%
A weighted portfolio overlap of 44.08% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹44.08 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 13.42% in Back to Index and 8.83% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in ICICI Bank 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 |
|---|---|---|
| ICICI BankBanks | 13.42% | 8.83% |
| HDFC BankBanks | 17.55% | 6.48% |
| Axis BankBanks | 5.41% | 6.84% |
| State Bank of IndiaBanks | 6.59% | 4.22% |
| Kotak Mahindra BankBanks | 4.19% | 3.43% |
| Bharti AirtelTelecom - Services | 8.60% | 2.96% |
| EternalRetailing | 2.64% | 2.73% |
| Power Grid Corporation of IndiaPower | 2.14% | 2.51% |
| HCL TechnologiesIT - Software | 1.88% | 2.47% |
| InterGlobe AviationTransport Services | 1.44% | 2.79% |
| InfosysIT - Software | 6.16% | 1.32% |
| SBI Life Insurance CompanyInsurance | 1.21% | 3.76% |
| Max Healthcare InstituteHealthcare Services | 1.10% | 1.38% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.17% | 0.58% |
| BSECapital Markets | 2.21% | 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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.