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15 of 503 unique stocks in common · Jaccard: 3%
A weighted portfolio overlap of 7.16% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹7.16 is allocated to the exact same companies at the same relative proportions. The schemes share 15 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.99% in Back to Index and 31.71% in ICICI Prudential Nifty Oil & Gas ETF. Holding both schemes increases your concentration in Reliance Industries 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 ICICI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.99% | 31.71% |
| Oil & Natural Gas CorporationOil | 0.60% | 17.19% |
| Bharat Petroleum CorporationPetroleum Products | 0.31% | 10.08% |
| Indian Oil CorporationPetroleum Products | 0.27% | 8.74% |
| GAIL (India)Gas | 0.23% | 7.40% |
| Hindustan Petroleum CorporationPetroleum Products | 0.19% | 6.31% |
| Oil IndiaOil | 0.14% | 4.33% |
| Petronet LNGGas | 0.11% | 3.39% |
| Adani Total GasGas | 0.09% | 3.58% |
| Indraprastha GasGas | 0.06% | 1.88% |
| Aegis LogisticsGas | 0.05% | 1.57% |
| Castrol IndiaPetroleum Products | 0.05% | 1.48% |
| Chennai Petroleum CorporationPetroleum Products | 0.03% | 0.85% |
| Mahanagar GasGas | 0.03% | 1.04% |
| Aegis Vopak TerminalsOil | 0.01% | 0.47% |
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.