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7 of 91 unique stocks in common · Jaccard: 7.7%
A weighted portfolio overlap of 13.95% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.95 is allocated to the exact same companies at the same relative proportions. The schemes share 7 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.12% in Back to Index and 4.61% in ICICI Prudential Innovation 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% | 4.61% |
| EternalRetailing | 3.95% | 2.54% |
| Maruti Suzuki IndiaAutomobiles | 2.35% | 4.61% |
| NTPCPower | 2.97% | 2.07% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.58% | 1.41% |
| Aditya VisionRetailing | 3.55% | 1.04% |
| CG Power and Industrial SolutionsElectrical Equipment | 4.20% | 0.42% |
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.