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23 of 88 unique stocks in common · Jaccard: 26.1%
A weighted portfolio overlap of 43.58% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹43.58 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 13.42% in Back to Index and 8.72% in ICICI Prudential Large Cap 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% | 8.72% |
| HDFC BankBanks | 17.55% | 8.46% |
| Axis BankBanks | 5.41% | 4.67% |
| Bharti AirtelTelecom - Services | 8.60% | 4.34% |
| InfosysIT - Software | 6.16% | 3.60% |
| NTPCPower | 2.81% | 2.38% |
| InterGlobe AviationTransport Services | 1.44% | 1.83% |
| Kotak Mahindra BankBanks | 4.19% | 1.21% |
| SBI Life Insurance CompanyInsurance | 1.21% | 1.09% |
| Power Grid Corporation of IndiaPower | 2.14% | 1.08% |
| State Bank of IndiaBanks | 6.59% | 1.02% |
| HDFC Life Insurance CompanyInsurance | 0.94% | 1.16% |
| Avenue SupermartsRetailing | 1.00% | 0.92% |
| Tata Power CompanyPower | 1.11% | 0.60% |
| Max Healthcare InstituteHealthcare Services | 1.10% | 0.59% |
| EternalRetailing | 2.64% | 0.54% |
| Info Edge (India)Retailing | 0.55% | 0.51% |
| Tech MahindraIT - Software | 1.39% | 0.50% |
| HCL TechnologiesIT - Software | 1.88% | 0.47% |
| Bajaj FinservFinance | 1.50% | 0.20% |
| WiproIT - Software | 0.85% | 0.17% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.17% | 0.08% |
| GAIL (India)Gas | 0.65% | 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.