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6 of 281 unique stocks in common · Jaccard: 2.1%
A weighted portfolio overlap of 2.08% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹2.08 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is V-Guard Industries, which commands a weight of 0.78% in Back to Index and 1.81% in ICICI Prudential ESG Exclusionary Strategy Fund. Holding both schemes increases your concentration in V-Guard 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 |
|---|---|---|
| V-Guard IndustriesConsumer Durables | 0.78% | 1.81% |
| The EthosConsumer Durables | 0.40% | 1.05% |
| Inox Green Energy ServicesCommercial Services & Supplies | 0.36% | 1.35% |
| Maharashtra SeamlessIndustrial Products | 0.31% | 0.30% |
| Advanced Enzyme TechnologiesPharmaceuticals & Biotechnology | 0.21% | 2.22% |
| SKF IndiaAuto Components | 0.50% | 0.03% |
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.