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7 of 98 unique stocks in common · Jaccard: 7.1%
A weighted portfolio overlap of 19.03% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.03 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 Reliance Industries, which commands a weight of 10.72% 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 | 10.72% | 5.41% |
| Larsen & ToubroConstruction | 10.60% | 5.38% |
| Bharti AirtelTelecom - Services | 7.87% | 4.34% |
| NTPCPower | 4.09% | 2.38% |
| Power Grid Corporation of IndiaPower | 4.11% | 1.08% |
| ABB IndiaElectrical Equipment | 3.63% | 0.36% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.74% | 0.08% |
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.