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8 of 51 unique stocks in common · Jaccard: 15.7%
A weighted portfolio overlap of 20.36% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.36 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Bharti Airtel, which commands a weight of 5.17% in Back to Index and 15.17% in ICICI Prudential Nifty Infrastructure ETF. Holding both schemes increases your concentration in Bharti Airtel 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 |
|---|---|---|
| Bharti AirtelTelecom - Services | 5.17% | 15.17% |
| Larsen & ToubroConstruction | 4.04% | 12.93% |
| InterGlobe AviationTransport Services | 2.36% | 2.69% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.03% | 2.27% |
| Suzlon EnergyElectrical Equipment | 2.46% | 1.87% |
| Samvardhana Motherson InternationalAuto Components | 2.28% | 1.74% |
| CG Power and Industrial SolutionsElectrical Equipment | 6.43% | 1.70% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 2.37% | 1.20% |
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.