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17 of 79 unique stocks in common · Jaccard: 21.5%
A weighted portfolio overlap of 45.43% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹45.43 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.69% in Back to Index and 8.86% in Franklin India 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 Franklin |
|---|---|---|
| ICICI BankBanks | 6.69% | 8.86% |
| HDFC BankBanks | 9.25% | 6.62% |
| Reliance IndustriesPetroleum Products | 7.22% | 5.43% |
| Larsen & ToubroConstruction | 3.54% | 3.93% |
| InfosysIT - Software | 3.35% | 3.94% |
| State Bank of IndiaBanks | 3.37% | 3.17% |
| Axis BankBanks | 2.60% | 4.68% |
| Bharti AirtelTelecom - Services | 4.42% | 2.32% |
| Kotak Mahindra BankBanks | 2.12% | 4.36% |
| Mahindra & MahindraAutomobiles | 2.10% | 4.34% |
| JB Chemicals & PharmaceuticalsPharmaceuticals & Biotechnology | 1.70% | 2.36% |
| SBI Life Insurance CompanyInsurance | 1.26% | 3.06% |
| InterGlobe AviationTransport Services | 1.08% | 1.24% |
| EternalRetailing | 1.01% | 4.80% |
| Power Grid Corporation of IndiaPower | 1.71% | 0.95% |
| Maruti Suzuki IndiaAutomobiles | 1.60% | 0.85% |
| TrentRetailing | 0.65% | 0.97% |
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.