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12 of 58 unique stocks in common · Jaccard: 20.7%
A weighted portfolio overlap of 32.1% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.1 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 17.45% in ICICI Prudential Nifty Infrastructure ETF. 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% | 17.45% |
| NTPCPower | 6.54% | 4.96% |
| Power Grid Corporation of IndiaPower | 4.98% | 3.56% |
| Oil & Natural Gas CorporationOil | 9.62% | 2.79% |
| Tata Power CompanyPower | 2.57% | 1.90% |
| Suzlon EnergyElectrical Equipment | 4.67% | 1.87% |
| CG Power and Industrial SolutionsElectrical Equipment | 3.86% | 1.70% |
| Bharat Petroleum CorporationPetroleum Products | 1.80% | 1.63% |
| Indian Oil CorporationPetroleum Products | 1.57% | 1.42% |
| Adani Green EnergyPower | 1.42% | 1.34% |
| GAIL (India)Gas | 4.48% | 1.20% |
| Hindustan Petroleum CorporationPetroleum Products | 1.06% | 1.02% |
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.