How much do Back to Index and ICICI Prudential Banking & Financial Services Fund overlap?

They share 35 common holdings, a weighted portfolio overlap of about 21.57% (moderate overlap — a meaningful shared core), as on May 2026. Information only, not investment advice.

What does 21.57% overlap mean?

Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Fund overlap

Back to Index vs ICICI Prudential Banking & Financial Services Fund

Motilal Oswal MF · Index FundICICI Pru MF · Sectoral / Thematic· as on May 2026

Weighted portfolio overlap

21.57%

Moderate overlap

Common

468

Only Back

Only ICICI

35 of 512 unique stocks in common · Jaccard: 6.8%

Overlap Analysis & Diversification Assessment

A weighted portfolio overlap of 21.57% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.57 is allocated to the exact same companies at the same relative proportions. The schemes share 35 common holdings.

The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.09% in Back to Index and 13.32% in ICICI Prudential Banking & Financial Services Fund. Holding both schemes increases your concentration in HDFC 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).

Common holdings

Stock	in Back	in ICICI
HDFC BankBanks	6.09%	13.32%
ICICI BankBanks	4.66%	12.95%
State Bank of IndiaBanks	2.29%	5.88%
Axis BankBanks	1.88%	8.76%
Kotak Mahindra BankBanks	1.46%	7.22%
Bajaj FinanceFinance	1.29%	1.29%
Bajaj FinservFinance	0.52%	1.91%
SBI Life Insurance CompanyInsurance	0.42%	3.78%
Cholamandalam Investment and Finance CompanyFinance	0.35%	1.26%
HDFC Life Insurance CompanyInsurance	0.33%	2.32%
Bajaj Holdings & InvestmentFinance	0.23%	0.62%
ICICI Lombard General Insurance CompanyInsurance	0.22%	3.00%
Max Financial ServicesInsurance	0.22%	1.32%
Union Bank of IndiaBanks	0.17%	0.68%
360 One WamCapital Markets	0.14%	0.50%
Angel OneCapital Markets	0.10%	0.51%
ICICI Prudential Life Insurance CompanyInsurance	0.10%	1.19%
PNB Housing FinanceFinance	0.10%	2.11%
SBI Cards and Payment ServicesFinance	0.10%	3.37%
Bandhan BankBanks	0.09%	1.07%
Bank of IndiaBanks	0.09%	0.46%
LIC Housing FinanceFinance	0.09%	3.41%
Life Insurance Corporation of IndiaInsurance	0.09%	0.31%
Anand Rathi WealthCapital Markets	0.08%	1.46%
General Insurance Corporation of IndiaInsurance	0.06%	0.34%
HDB Financial ServicesFinance	0.06%	2.35%
Star Health And Allied Insurance CompanyInsurance	0.06%	0.52%
Aptus Value Housing Finance IndiaFinance	0.05%	1.75%
Bajaj Housing FinanceFinance	0.05%	0.42%
Can Fin HomesFinance	0.04%	1.85%
Go Digit General InsuranceInsurance	0.04%	0.66%
Aadhar Housing FinanceFinance	0.03%	0.93%
Aavas FinanciersFinance	0.03%	1.49%
Central Bank of IndiaBanks	0.02%	0.95%
UTI Asset Management CompanyCapital Markets	0.02%	1.07%

FAQ

How much do Back to Index and ICICI Prudential Banking & Financial Services Fund overlap?: They share 35 common holdings, a weighted portfolio overlap of about 21.57% (moderate overlap — a meaningful shared core), as on May 2026. Information only, not investment advice.
What does 21.57% overlap mean?: Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Related comparisons

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.