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10 of 48 unique stocks in common · Jaccard: 20.8%
A weighted portfolio overlap of 32.09% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.09 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 13.42% in Back to Index and 8.07% in ICICI Prudential Focused Equity Fund. Holding both schemes increases your concentration in ICICI 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 |
|---|---|---|
| ICICI BankBanks | 13.42% | 8.07% |
| Axis BankBanks | 5.41% | 6.68% |
| HDFC BankBanks | 17.55% | 4.95% |
| Bharti AirtelTelecom - Services | 8.60% | 3.70% |
| EternalRetailing | 2.64% | 2.66% |
| InfosysIT - Software | 6.16% | 2.41% |
| Adani Ports and Special Economic ZoneTransport Infrastructure | 1.82% | 4.60% |
| NTPCPower | 2.81% | 1.45% |
| Max Healthcare InstituteHealthcare Services | 1.10% | 2.90% |
| Info Edge (India)Retailing | 0.55% | 2.52% |
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.