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7 of 135 unique stocks in common · Jaccard: 5.2%
A weighted portfolio overlap of 3.32% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹3.32 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 Hyundai Motor India, which commands a weight of 2.38% in Back to Index and 0.95% in ICICI Prudential Large Cap Fund. Holding both schemes increases your concentration in Hyundai Motor 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 |
|---|---|---|
| Hyundai Motor IndiaAutomobiles | 2.38% | 0.95% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 4.28% | 0.68% |
| EternalRetailing | 5.13% | 0.54% |
| SwiggyRetailing | 3.53% | 0.42% |
| ITC HotelsLeisure Services | 1.71% | 0.38% |
| Life Insurance Corporation of IndiaInsurance | 1.91% | 0.29% |
| Hexaware TechnologiesIT - Software | 0.62% | 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.