Loading fund overlap…
4 of 58 unique stocks in common · Jaccard: 6.9%
A weighted portfolio overlap of 9.39% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹9.39 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 NTPC, which commands a weight of 4.85% in Back to Index and 3.92% in Tata Resources & Energy Fund. Holding both schemes increases your concentration in NTPC 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 Tata |
|---|---|---|
| NTPCPower | 4.85% | 3.92% |
| Ultratech CementCement & Cement Products | 2.49% | 5.82% |
| Reliance IndustriesPetroleum Products | 3.02% | 1.91% |
| Ellenbarrie Industrial GasesChemicals & Petrochemicals | 2.67% | 1.07% |
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.