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12 of 133 unique stocks in common · Jaccard: 9%
A weighted portfolio overlap of 19.79% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.79 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.12% in Back to Index and 4.88% in ICICI Prudential Equity & Debt Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 4.12% | 4.88% |
| Reliance IndustriesPetroleum Products | 3.34% | 4.71% |
| NTPCPower | 2.97% | 4.02% |
| InterGlobe AviationTransport Services | 1.94% | 2.37% |
| Hindustan UnileverDiversified FMCG | 2.25% | 1.75% |
| Maruti Suzuki IndiaAutomobiles | 2.35% | 1.73% |
| EternalRetailing | 3.95% | 1.23% |
| Ultratech CementCement & Cement Products | 2.48% | 0.89% |
| State Bank of IndiaBanks | 1.98% | 0.82% |
| IndusInd BankBanks | 3.30% | 0.65% |
| Aditya VisionRetailing | 3.55% | 0.19% |
| Titan CompanyConsumer Durables | 3.00% | 0.17% |
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.