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16 of 283 unique stocks in common · Jaccard: 5.7%
A weighted portfolio overlap of 5.09% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹5.09 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 Delhivery, which commands a weight of 1.31% in Back to Index and 0.78% in Tata Digital India Fund. Holding both schemes increases your concentration in Delhivery 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 |
|---|---|---|
| DelhiveryTransport Services | 1.31% | 0.78% |
| ZF Commercial Vehicle Control Systems IndiaAuto Components | 0.56% | 0.68% |
| Affle 3iIT - Services | 0.45% | 0.62% |
| CyientIT - Services | 0.37% | 1.74% |
| Cartrade TechRetailing | 0.34% | 1.01% |
| Firstsource SolutionsCommercial Services & Supplies | 0.34% | 2.05% |
| RedingtonCommercial Services & Supplies | 0.64% | 0.32% |
| BirlasoftIT - Software | 0.31% | 0.99% |
| eClerx ServicesCommercial Services & Supplies | 0.29% | 0.65% |
| Zensar TechnologiesIT - Software | 0.29% | 0.77% |
| Sonata SoftwareIT - Software | 0.25% | 1.43% |
| TBO TekLeisure Services | 0.22% | 0.91% |
| Pine LabsFinancial Technology (Fintech) | 0.17% | 0.39% |
| Newgen Software TechnologiesIT - Software | 0.16% | 0.29% |
| MeeshoRetailing | 0.27% | 0.13% |
| PhysicswallahOther Consumer Services | 0.25% | 0.11% |
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.