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11 of 170 unique stocks in common · Jaccard: 6.5%
A weighted portfolio overlap of 4.85% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹4.85 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Hero MotoCorp, which commands a weight of 2.05% in Back to Index and 1.59% in ICICI Prudential Large Cap Fund. Holding both schemes increases your concentration in Hero MotoCorp 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 |
|---|---|---|
| Hero MotoCorpAutomobiles | 2.05% | 1.59% |
| Page IndustriesTextiles & Apparels | 0.72% | 0.62% |
| Info Edge (India)Retailing | 1.15% | 0.51% |
| SwiggyRetailing | 1.15% | 0.42% |
| ICICI Lombard General Insurance CompanyInsurance | 1.33% | 0.40% |
| Havells IndiaConsumer Durables | 0.97% | 0.28% |
| NHPCPower | 0.82% | 0.27% |
| Container Corporation of IndiaTransport Services | 0.54% | 0.24% |
| Supreme IndustriesIndustrial Products | 0.72% | 0.21% |
| LupinPharmaceuticals & Biotechnology | 1.73% | 0.19% |
| Oil IndiaOil | 0.83% | 0.15% |
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.