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4 of 90 unique stocks in common · Jaccard: 4.4%
A weighted portfolio overlap of 4.8% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.8 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 Eternal, which commands a weight of 2.64% in Back to Index and 2.04% in Kotak Midcap 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 Kotak |
|---|---|---|
| EternalRetailing | 2.64% | 2.04% |
| BSECapital Markets | 2.21% | 1.39% |
| Max Healthcare InstituteHealthcare Services | 1.10% | 0.80% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.17% | 0.57% |
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.