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6 of 92 unique stocks in common · Jaccard: 6.5%
A weighted portfolio overlap of 8.08% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹8.08 is allocated to the exact same companies at the same relative proportions. The schemes share 6 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 1.97% in Back to Index and 3.28% in Franklin India Opportunities Fund. Holding both schemes increases your concentration in State Bank of India 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 |
|---|---|---|
| State Bank of IndiaBanks | 1.97% | 3.28% |
| TVS Motor CompanyAutomobiles | 1.83% | 2.85% |
| Shriram FinanceFinance | 1.70% | 4.02% |
| Amber Enterprises IndiaConsumer Durables | 1.03% | 2.21% |
| SBI Life Insurance CompanyInsurance | 1.04% | 0.85% |
| IIFL FinanceFinance | 1.44% | 0.71% |
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.