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9 of 66 unique stocks in common · Jaccard: 13.6%
A weighted portfolio overlap of 24.44% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.44 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Larsen & Toubro, which commands a weight of 4.04% in Back to Index and 4.84% in Franklin India ELSS Tax Saver Fund ^. Holding both schemes increases your concentration in Larsen & Toubro 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 |
|---|---|---|
| Larsen & ToubroConstruction | 4.04% | 4.84% |
| ICICI BankBanks | 3.86% | 6.86% |
| Bharti AirtelTelecom - Services | 5.17% | 3.21% |
| EternalRetailing | 5.32% | 3.11% |
| State Bank of IndiaBanks | 2.83% | 4.52% |
| Bharat ElectronicsAerospace & Defense | 2.77% | 2.69% |
| Apollo Hospitals EnterpriseHealthcare Services | 3.03% | 2.46% |
| InterGlobe AviationTransport Services | 2.36% | 1.37% |
| Kalyan Jewellers IndiaConsumer Durables | 7.36% | 0.86% |
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.