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7 of 87 unique stocks in common · Jaccard: 8%
A weighted portfolio overlap of 13.21% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.21 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 Maruti Suzuki India, which commands a weight of 2.85% in Back to Index and 4.61% in ICICI Prudential Innovation Fund. Holding both schemes increases your concentration in Maruti Suzuki India 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 |
|---|---|---|
| Maruti Suzuki IndiaAutomobiles | 2.85% | 4.61% |
| TVS Motor CompanyAutomobiles | 2.75% | 2.63% |
| EternalRetailing | 3.88% | 2.54% |
| Bharti AirtelTelecom - Services | 8.37% | 2.02% |
| Godrej Consumer ProductsPersonal Products | 2.24% | 1.49% |
| Aditya VisionRetailing | 3.24% | 1.04% |
| Wework India ManagementCommercial Services & Supplies | 3.16% | 0.64% |
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.