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16 of 42 unique stocks in common · Jaccard: 38.1%
A weighted portfolio overlap of 54.21% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹54.21 is allocated to the exact same companies at the same relative proportions. The schemes share 16 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.37% in Back to Index and 9.22% in DSP Banking & Financial Services 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 DSP |
|---|---|---|
| ICICI BankBanks | 8.37% | 9.22% |
| Axis BankBanks | 7.01% | 7.95% |
| State Bank of IndiaBanks | 7.22% | 5.06% |
| HDFC BankBanks | 8.73% | 4.61% |
| Bajaj FinanceFinance | 6.84% | 4.45% |
| Shriram FinanceFinance | 3.95% | 4.68% |
| PB FintechFinancial Technology (Fintech) | 3.88% | 3.93% |
| Ujjivan Small Finance BankBanks | 3.45% | 3.82% |
| Cholamandalam Investment and Finance CompanyFinance | 3.10% | 5.02% |
| Aditya Birla CapitalFinance | 2.86% | 3.76% |
| PNB Housing FinanceFinance | 2.73% | 2.31% |
| Karur Vysya BankBanks | 1.62% | 2.18% |
| Aditya Birla Sun Life AMCCapital Markets | 2.24% | 1.38% |
| Prudent Corporate Advisory ServicesCapital Markets | 3.24% | 1.33% |
| Tata CapitalFinance | 1.10% | 0.81% |
| ICICI Prudential Asset Management CompanyCapital Markets | 2.72% | 0.02% |
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.