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12 of 109 unique stocks in common · Jaccard: 11%
A weighted portfolio overlap of 12.96% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹12.96 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 8.73% in Back to Index and 5.41% in ICICI Prudential Large Cap Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 8.73% | 5.41% |
| NTPCPower | 6.54% | 2.38% |
| Oil & Natural Gas CorporationOil | 9.62% | 1.25% |
| Power Grid Corporation of IndiaPower | 4.98% | 1.08% |
| SiemensElectrical Equipment | 2.33% | 0.77% |
| Tata Power CompanyPower | 2.57% | 0.60% |
| Bharat Petroleum CorporationPetroleum Products | 1.80% | 0.60% |
| ABB IndiaElectrical Equipment | 2.62% | 0.36% |
| NHPCPower | 0.91% | 0.27% |
| Oil IndiaOil | 2.72% | 0.15% |
| GAIL (India)Gas | 4.48% | 0.07% |
| Indian Oil CorporationPetroleum Products | 1.57% | 0.02% |
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.