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39 of 137 unique stocks in common · Jaccard: 28.5%
A weighted portfolio overlap of 31.39% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹31.39 is allocated to the exact same companies at the same relative proportions. The schemes share 39 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 6.60% in Back to Index and 5.41% in ICICI Prudential Large Cap Fund. Holding both schemes increases your concentration in Reliance 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 6.60% | 5.41% |
| HDFC BankBanks | 5.22% | 8.46% |
| Bharti AirtelTelecom - Services | 4.47% | 4.34% |
| Axis BankBanks | 2.38% | 4.67% |
| Mahindra & MahindraAutomobiles | 1.61% | 2.34% |
| Maruti Suzuki IndiaAutomobiles | 1.61% | 3.55% |
| Kotak Mahindra BankBanks | 2.64% | 1.21% |
| ICICI BankBanks | 0.77% | 8.72% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.71% | 2.65% |
| InterGlobe AviationTransport Services | 0.70% | 1.83% |
| ITCDiversified FMCG | 0.70% | 0.94% |
| Britannia IndustriesFood Products | 0.60% | 0.91% |
| State Bank of IndiaBanks | 0.58% | 1.02% |
| EternalRetailing | 1.61% | 0.54% |
| TVS Motor CompanyAutomobiles | 1.27% | 0.49% |
| Hero MotoCorpAutomobiles | 0.44% | 1.59% |
| Titan CompanyConsumer Durables | 0.54% | 0.43% |
| Grasim IndustriesCement & Cement Products | 1.30% | 0.35% |
| CiplaPharmaceuticals & Biotechnology | 0.55% | 0.33% |
| DLFRealty | 0.32% | 1.32% |
| Eicher MotorsAutomobiles | 0.30% | 0.62% |
| Asian PaintsConsumer Durables | 0.29% | 2.02% |
| Tata SteelFerrous Metals | 0.28% | 0.43% |
| Supreme IndustriesIndustrial Products | 0.49% | 0.21% |
| Bajaj FinservFinance | 0.33% | 0.20% |
| Larsen & ToubroConstruction | 0.19% | 5.38% |
| Cummins IndiaIndustrial Products | 0.16% | 0.91% |
| HDFC Life Insurance CompanyInsurance | 0.16% | 1.16% |
| United SpiritsBeverages | 0.16% | 0.97% |
| Oil IndiaOil | 0.41% | 0.15% |
| Max Healthcare InstituteHealthcare Services | 0.14% | 0.59% |
| Avenue SupermartsRetailing | 0.11% | 0.92% |
| HDFC Asset Management CompanyCapital Markets | 0.11% | 0.69% |
| Ultratech CementCement & Cement Products | 0.06% | 2.69% |
| Info Edge (India)Retailing | 0.05% | 0.51% |
| The Indian Hotels CompanyLeisure Services | 0.10% | 0.04% |
| Hindustan AeronauticsAerospace & Defense | 0.02% | 1.11% |
| Hindustan UnileverDiversified FMCG | 0.02% | 0.83% |
| Oil & Natural Gas CorporationOil | 0.01% | 1.25% |
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.