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82 of 853 unique stocks in common · Jaccard: 9.6%
A weighted portfolio overlap of 40.13% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.13 is allocated to the exact same companies at the same relative proportions. The schemes share 82 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.87% in Back to Index and 7.09% in ICICI Prudential ELSS Tax Saver Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 5.87% | 7.09% |
| Reliance IndustriesPetroleum Products | 4.83% | 5.49% |
| ICICI BankBanks | 4.51% | 7.43% |
| Bharti AirtelTelecom - Services | 2.68% | 2.51% |
| Larsen & ToubroConstruction | 2.34% | 4.90% |
| InfosysIT - Software | 2.06% | 1.85% |
| Axis BankBanks | 1.81% | 6.21% |
| State Bank of IndiaBanks | 2.21% | 1.48% |
| Tata Consultancy ServicesIT - Software | 1.25% | 1.09% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 0.97% | 5.50% |
| NTPCPower | 0.95% | 3.70% |
| EternalRetailing | 0.88% | 1.58% |
| Maruti Suzuki IndiaAutomobiles | 0.88% | 3.58% |
| Hindustan UnileverDiversified FMCG | 1.00% | 0.83% |
| Ultratech CementCement & Cement Products | 0.68% | 1.93% |
| Oil & Natural Gas CorporationOil | 0.58% | 0.68% |
| Mahindra & MahindraAutomobiles | 1.38% | 0.58% |
| InterGlobe AviationTransport Services | 0.48% | 1.27% |
| TrentRetailing | 0.46% | 0.55% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.43% | 0.54% |
| SBI Life Insurance CompanyInsurance | 0.41% | 1.91% |
| TVS Motor CompanyAutomobiles | 0.41% | 3.86% |
| ITCDiversified FMCG | 1.52% | 0.37% |
| Avenue SupermartsRetailing | 0.34% | 5.16% |
| IndusInd BankBanks | 0.30% | 0.44% |
| Tech MahindraIT - Software | 0.47% | 0.30% |
| Samvardhana Motherson InternationalAuto Components | 0.27% | 1.07% |
| RECFinance | 0.22% | 1.14% |
| DLFRealty | 0.19% | 0.21% |
| FSN E-Commerce VenturesRetailing | 0.18% | 0.23% |
| UPLFertilizers & Agrochemicals | 0.18% | 0.36% |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | 0.16% | 0.60% |
| Havells IndiaConsumer Durables | 0.16% | 0.17% |
| VoltasConsumer Durables | 0.16% | 0.34% |
| Siemens Energy IndiaElectrical Equipment | 0.15% | 0.21% |
| Ambuja CementsCement & Cement Products | 0.14% | 0.83% |
| Sona BLW Precision ForgingsAuto Components | 0.14% | 0.13% |
| BioconPharmaceuticals & Biotechnology | 0.13% | 0.17% |
| Hyundai Motor IndiaAutomobiles | 0.13% | 0.51% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.19% | 0.13% |
| Page IndustriesTextiles & Apparels | 0.12% | 0.19% |
| PI IndustriesFertilizers & Agrochemicals | 0.12% | 1.16% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.10% | 0.11% |
| Bandhan BankBanks | 0.09% | 0.16% |
| Jubilant FoodworksLeisure Services | 0.09% | 0.19% |
| SBI Cards and Payment ServicesFinance | 0.09% | 1.29% |
| Apollo TyresAuto Components | 0.07% | 0.17% |
| Star Health And Allied Insurance CompanyInsurance | 0.06% | 0.85% |
| WockhardtPharmaceuticals & Biotechnology | 0.06% | 0.74% |
| Aarti IndustriesChemicals & Petrochemicals | 0.05% | 0.20% |
| Astra Microwave ProductsAerospace & Defense | 0.05% | 0.98% |
| Brigade EnterprisesRealty | 0.05% | 0.08% |
| Inox WindElectrical Equipment | 0.05% | 1.16% |
| Motherson Sumi Wiring IndiaAuto Components | 0.05% | 0.17% |
| SagilityIT - Services | 0.05% | 0.22% |
| Sundram FastenersAuto Components | 0.05% | 0.32% |
| SwiggyRetailing | 0.19% | 0.05% |
| PVR INOXEntertainment | 0.04% | 1.25% |
| Syngene InternationalHealthcare Services | 0.04% | 1.22% |
| Brainbees SolutionsRetailing | 0.03% | 0.25% |
| Chalet HotelsLeisure Services | 0.03% | 0.80% |
| Techno Electric & Engineering CompanyConstruction | 0.03% | 0.15% |
| Arvind FashionsRetailing | 0.02% | 0.53% |
| Inox IndiaIndustrial Products | 0.02% | 0.13% |
| International Gemmological Institute (India)Commercial Services & Supplies | 0.02% | 0.20% |
| Leela Palaces Hotels & ResortsLeisure Services | 0.02% | 0.59% |
| Mahindra Lifespace DevelopersRealty | 0.02% | 1.08% |
| Power Mech ProjectsConstruction | 0.02% | 0.13% |
| Sapphire Foods IndiaLeisure Services | 0.02% | 0.31% |
| Shilpa MedicarePharmaceuticals & Biotechnology | 0.02% | 0.76% |
| TBO TekLeisure Services | 0.02% | 0.82% |
| Westlife FoodworldLeisure Services | 0.02% | 0.10% |
| Sarda Energy & MineralsFerrous Metals | 0.03% | 0.01% |
| Akums Drugs And PharmaceuticalsPharmaceuticals & Biotechnology | 0.01% | 0.66% |
| PDSTextiles & Apparels | 0.01% | 0.63% |
| PNC InfratechConstruction | 0.01% | 0.06% |
| Red TapeConsumer Durables | 0.01% | 0.22% |
| Rolex RingsAuto Components | 0.01% | 0.03% |
| Teamlease ServicesCommercial Services & Supplies | 0.01% | 0.10% |
| Tega IndustriesIndustrial Manufacturing | 0.01% | 0.32% |
| V-Mart RetailRetailing | 0.01% | 0.58% |
| Varroc EngineeringAuto Components | 0.01% | 0.12% |
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.