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23 of 108 unique stocks in common · Jaccard: 21.3%
A weighted portfolio overlap of 51.6% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹51.6 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 9.25% 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 | 9.25% | 8.46% |
| ICICI BankBanks | 6.69% | 8.72% |
| Reliance IndustriesPetroleum Products | 7.22% | 5.41% |
| Bharti AirtelTelecom - Services | 4.42% | 4.34% |
| Larsen & ToubroConstruction | 3.54% | 5.38% |
| InfosysIT - Software | 3.35% | 3.60% |
| Axis BankBanks | 2.60% | 4.67% |
| Mahindra & MahindraAutomobiles | 2.10% | 2.34% |
| NTPCPower | 2.01% | 2.38% |
| Maruti Suzuki IndiaAutomobiles | 1.60% | 3.55% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.43% | 2.65% |
| Kotak Mahindra BankBanks | 2.12% | 1.21% |
| DLFRealty | 1.20% | 1.32% |
| SBI Life Insurance CompanyInsurance | 1.26% | 1.09% |
| InterGlobe AviationTransport Services | 1.08% | 1.83% |
| Power Grid Corporation of IndiaPower | 1.71% | 1.08% |
| State Bank of IndiaBanks | 3.37% | 1.02% |
| ITCDiversified FMCG | 0.99% | 0.94% |
| TrentRetailing | 0.65% | 0.68% |
| EternalRetailing | 1.01% | 0.54% |
| Tech MahindraIT - Software | 1.03% | 0.50% |
| Titan CompanyConsumer Durables | 1.38% | 0.43% |
| Grasim IndustriesCement & Cement Products | 1.23% | 0.35% |
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.