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23 of 88 unique stocks in common · Jaccard: 26.1%
A weighted portfolio overlap of 39.59% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.59 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.94% in Back to Index and 8.46% in ICICI Prudential Large Cap 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).
| Stock | in Back | in ICICI |
|---|---|---|
| HDFC BankBanks | 3.94% | 8.46% |
| ICICI BankBanks | 3.71% | 8.72% |
| Bharti AirtelTelecom - Services | 3.40% | 4.34% |
| Larsen & ToubroConstruction | 3.34% | 5.38% |
| Reliance IndustriesPetroleum Products | 3.29% | 5.41% |
| Maruti Suzuki IndiaAutomobiles | 3.11% | 3.55% |
| Ultratech CementCement & Cement Products | 3.53% | 2.69% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 3.20% | 2.65% |
| NTPCPower | 3.41% | 2.38% |
| Asian PaintsConsumer Durables | 3.32% | 2.02% |
| HDFC Life Insurance CompanyInsurance | 3.02% | 1.16% |
| SBI Life Insurance CompanyInsurance | 3.22% | 1.09% |
| State Bank of IndiaBanks | 3.17% | 1.02% |
| ITCDiversified FMCG | 3.47% | 0.94% |
| Britannia IndustriesFood Products | 3.11% | 0.91% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 3.05% | 0.87% |
| Hindustan UnileverDiversified FMCG | 3.62% | 0.83% |
| Shree CementCement & Cement Products | 3.53% | 0.77% |
| Titan CompanyConsumer Durables | 3.33% | 0.43% |
| Grasim IndustriesCement & Cement Products | 3.19% | 0.35% |
| CiplaPharmaceuticals & Biotechnology | 3.11% | 0.33% |
| United BreweriesBeverages | 2.80% | 0.30% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.22% | 0.08% |
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.