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12 of 118 unique stocks in common · Jaccard: 10.2%
A weighted portfolio overlap of 10.89% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.89 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 7.42% in Bharat 22 ETF and 2.81% in Franklin India Arbitrage Fund. Holding both schemes increases your concentration in Axis 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 Bharat | in Franklin |
|---|---|---|
| Axis BankBanks | 7.42% | 2.81% |
| Bharat ElectronicsAerospace & Defense | 4.74% | 1.77% |
| Larsen & ToubroConstruction | 15.35% | 1.65% |
| State Bank of IndiaBanks | 8.07% | 1.59% |
| Oil & Natural Gas CorporationOil | 5.65% | 1.21% |
| NTPCPower | 10.50% | 0.64% |
| ITCDiversified FMCG | 14.04% | 0.62% |
| NBCC (India)Construction | 0.33% | 0.22% |
| Power Grid Corporation of IndiaPower | 7.55% | 0.20% |
| Indian Oil CorporationPetroleum Products | 2.80% | 0.10% |
| RECFinance | 0.84% | 0.05% |
| Bharat Petroleum CorporationPetroleum Products | 3.16% | 0.02% |
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.