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35 of 145 unique stocks in common · Jaccard: 24.1%
A weighted portfolio overlap of 47.56% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹47.56 is allocated to the exact same companies at the same relative proportions. The schemes share 35 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.77% in Back to Index and 9.24% in ICICI Prudential Business Cycle 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 | 8.77% | 9.24% |
| ICICI BankBanks | 6.70% | 7.17% |
| Reliance IndustriesPetroleum Products | 7.17% | 5.46% |
| Larsen & ToubroConstruction | 3.50% | 7.12% |
| Bharti AirtelTelecom - Services | 4.30% | 3.12% |
| Axis BankBanks | 2.70% | 3.41% |
| Kotak Mahindra BankBanks | 2.09% | 3.30% |
| Mahindra & MahindraAutomobiles | 2.05% | 1.83% |
| NTPCPower | 1.40% | 2.83% |
| Maruti Suzuki IndiaAutomobiles | 1.29% | 4.09% |
| Ultratech CementCement & Cement Products | 1.02% | 2.89% |
| Bajaj AutoAutomobiles | 0.83% | 1.17% |
| Asian PaintsConsumer Durables | 0.82% | 2.24% |
| Oil & Natural Gas CorporationOil | 0.86% | 0.80% |
| InterGlobe AviationTransport Services | 0.72% | 1.73% |
| TrentRetailing | 0.68% | 0.68% |
| Hindustan AeronauticsAerospace & Defense | 0.61% | 1.47% |
| SBI Life Insurance CompanyInsurance | 0.61% | 1.71% |
| Cummins IndiaIndustrial Products | 0.53% | 1.20% |
| Hindustan UnileverDiversified FMCG | 1.48% | 0.51% |
| HDFC Life Insurance CompanyInsurance | 0.47% | 2.89% |
| HDFC Asset Management CompanyCapital Markets | 0.41% | 0.74% |
| Godrej Consumer ProductsPersonal Products | 0.32% | 0.46% |
| Britannia IndustriesFood Products | 0.50% | 0.31% |
| ABB IndiaElectrical Equipment | 0.29% | 0.73% |
| DLFRealty | 0.28% | 2.68% |
| SiemensElectrical Equipment | 0.25% | 0.89% |
| Shree CementCement & Cement Products | 0.24% | 1.10% |
| Siemens Energy IndiaElectrical Equipment | 0.21% | 0.41% |
| Ambuja CementsCement & Cement Products | 0.20% | 0.25% |
| Hyundai Motor IndiaAutomobiles | 0.19% | 1.84% |
| Bank of BarodaBanks | 0.36% | 0.11% |
| Tata Motors Passenger VehiclesAutomobiles | 0.53% | 0.11% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.64% | 0.11% |
| GAIL (India)Gas | 0.33% | 0.07% |
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.