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13 of 42 unique stocks in common · Jaccard: 31%
A weighted portfolio overlap of 36.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.88 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Oil & Natural Gas Corporation, which commands a weight of 9.62% in Back to Index and 17.19% in ICICI Prudential Nifty Oil & Gas ETF. Holding both schemes increases your concentration in Oil & Natural Gas Corporation 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 |
|---|---|---|
| Oil & Natural Gas CorporationOil | 9.62% | 17.19% |
| Reliance IndustriesPetroleum Products | 8.73% | 31.71% |
| GAIL (India)Gas | 4.48% | 7.40% |
| Oil IndiaOil | 2.72% | 4.33% |
| Petronet LNGGas | 2.11% | 3.39% |
| Bharat Petroleum CorporationPetroleum Products | 1.80% | 10.08% |
| Adani Total GasGas | 1.79% | 3.58% |
| Indian Oil CorporationPetroleum Products | 1.57% | 8.74% |
| Indraprastha GasGas | 1.19% | 1.88% |
| Hindustan Petroleum CorporationPetroleum Products | 1.06% | 6.31% |
| Aegis LogisticsGas | 0.89% | 1.57% |
| Mahanagar GasGas | 0.66% | 1.04% |
| Castrol IndiaPetroleum Products | 0.26% | 1.48% |
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.