Loading fund overlap…
40 of 848 unique stocks in common · Jaccard: 4.7%
A weighted portfolio overlap of 28.73% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.73 is allocated to the exact same companies at the same relative proportions. The schemes share 40 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.51% in Back to Index and 8.00% in Lic Mf Unit Linked Insurance Scheme. 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 Lic |
|---|---|---|
| ICICI BankBanks | 4.51% | 8.00% |
| HDFC BankBanks | 5.87% | 4.26% |
| Bharti AirtelTelecom - Services | 2.68% | 2.14% |
| InfosysIT - Software | 2.06% | 2.97% |
| Axis BankBanks | 1.81% | 2.57% |
| Reliance IndustriesPetroleum Products | 4.83% | 1.49% |
| Kotak Mahindra BankBanks | 1.41% | 1.37% |
| State Bank of IndiaBanks | 2.21% | 1.36% |
| Bajaj FinanceFinance | 1.25% | 2.69% |
| Tata Consultancy ServicesIT - Software | 1.25% | 1.72% |
| Hindustan UnileverDiversified FMCG | 1.00% | 1.05% |
| Titan CompanyConsumer Durables | 0.89% | 2.78% |
| Maruti Suzuki IndiaAutomobiles | 0.88% | 1.49% |
| Bharat ElectronicsAerospace & Defense | 0.77% | 2.96% |
| Bajaj FinservFinance | 0.49% | 1.39% |
| TrentRetailing | 0.46% | 3.39% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.41% | 2.87% |
| Tata Consumer ProductsAgricultural Food & Other Products | 0.37% | 1.55% |
| The Federal BankBanks | 0.35% | 1.13% |
| Avenue SupermartsRetailing | 0.34% | 2.17% |
| Pidilite IndustriesChemicals & Petrochemicals | 0.21% | 1.33% |
| Torrent PharmaceuticalsPharmaceuticals & Biotechnology | 0.21% | 0.53% |
| SRFChemicals & Petrochemicals | 0.18% | 2.22% |
| Alkem LaboratoriesPharmaceuticals & Biotechnology | 0.16% | 1.59% |
| Navin Fluorine InternationalChemicals & Petrochemicals | 0.12% | 1.76% |
| Carborundum UniversalIndustrial Products | 0.05% | 1.33% |
| Godfrey Phillips IndiaCigarettes & Tobacco Products | 0.05% | 1.05% |
| CreditAccess GrameenFinance | 0.04% | 0.95% |
| Schneider Electric InfrastructureElectrical Equipment | 0.04% | 0.51% |
| KSBIndustrial Products | 0.03% | 2.58% |
| Techno Electric & Engineering CompanyConstruction | 0.03% | 1.29% |
| Arvind FashionsRetailing | 0.02% | 0.77% |
| Bikaji Foods InternationalFood Products | 0.02% | 0.82% |
| Garware Hi-Tech FilmsIndustrial Products | 0.02% | 2.69% |
| Manorama IndustriesFood Products | 0.02% | 2.08% |
| SKF IndiaAuto Components | 0.02% | 0.18% |
| Vinati OrganicsChemicals & Petrochemicals | 0.02% | 1.63% |
| Artemis Medicare ServicesHealthcare Services | 0.01% | 0.55% |
| Bharat BijleeElectrical Equipment | 0.01% | 0.16% |
| Transport Corporation Of IndiaTransport Services | 0.01% | 1.01% |
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.