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38 of 509 unique stocks in common · Jaccard: 7.5%
A weighted portfolio overlap of 17.89% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.89 is allocated to the exact same companies at the same relative proportions. The schemes share 38 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.99% in Back to Index and 4.65% in Franklin India Opportunities Fund. 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 Franklin |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.99% | 4.65% |
| State Bank of IndiaBanks | 2.29% | 3.28% |
| Axis BankBanks | 1.88% | 3.85% |
| NTPCPower | 0.98% | 3.32% |
| EternalRetailing | 0.92% | 2.42% |
| HDFC BankBanks | 6.09% | 0.90% |
| Ultratech CementCement & Cement Products | 0.71% | 1.50% |
| Shriram FinanceFinance | 0.68% | 4.02% |
| Asian PaintsConsumer Durables | 0.57% | 3.12% |
| InterGlobe AviationTransport Services | 0.50% | 1.19% |
| Hindustan AeronauticsAerospace & Defense | 0.42% | 6.36% |
| SBI Life Insurance CompanyInsurance | 0.42% | 0.85% |
| TVS Motor CompanyAutomobiles | 0.42% | 2.85% |
| Tata Motors Passenger VehiclesAutomobiles | 0.37% | 2.05% |
| PB FintechFinancial Technology (Fintech) | 0.29% | 2.12% |
| Indus TowersTelecom - Services | 0.27% | 1.17% |
| IDFC First BankBanks | 0.24% | 2.12% |
| APL Apollo TubesIndustrial Products | 0.18% | 3.49% |
| MphasisIT - Software | 0.16% | 1.58% |
| Mankind PharmaPharmaceuticals & Biotechnology | 0.13% | 3.10% |
| Tata CommunicationsTelecom - Services | 0.10% | 1.65% |
| Amber Enterprises IndiaConsumer Durables | 0.09% | 2.21% |
| Aster DM HealthcareHealthcare Services | 0.09% | 1.92% |
| AIA EngineeringIndustrial Products | 0.08% | 2.93% |
| Kirloskar Oil EnginesIndustrial Products | 0.07% | 2.85% |
| Deepak NitriteChemicals & Petrochemicals | 0.06% | 0.65% |
| IIFL FinanceFinance | 0.06% | 0.71% |
| Affle 3iIT - Services | 0.05% | 1.30% |
| Piramal PharmaPharmaceuticals & Biotechnology | 0.05% | 1.22% |
| Eris LifesciencesPharmaceuticals & Biotechnology | 0.04% | 1.15% |
| Finolex CablesIndustrial Products | 0.04% | 2.56% |
| PG ElectroplastConsumer Durables | 0.04% | 1.35% |
| Syrma SGS TechnologyIndustrial Manufacturing | 0.04% | 2.53% |
| Intellect Design ArenaIT - Software | 0.03% | 0.94% |
| Lemon Tree HotelsLeisure Services | 0.03% | 1.18% |
| Zensar TechnologiesIT - Software | 0.03% | 0.61% |
| C.E. Info SystemsIT - Software | 0.01% | 0.60% |
| BioconPharmaceuticals & Biotechnology | 0.13% | 0.01% |
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.