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9 of 95 unique stocks in common · Jaccard: 9.5%
A weighted portfolio overlap of 13.57% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.57 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 Axis Bank, which commands a weight of 4.06% in DSP Multicap Fund and 3.85% in Franklin India Opportunities 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 DSP | in Franklin |
|---|---|---|
| Axis BankBanks | 4.06% | 3.85% |
| Kirloskar Oil EnginesIndustrial Products | 2.43% | 2.85% |
| APL Apollo TubesIndustrial Products | 2.09% | 3.49% |
| NTPCPower | 1.10% | 3.32% |
| PG ElectroplastConsumer Durables | 1.02% | 1.35% |
| HDFC BankBanks | 4.96% | 0.90% |
| Sudarshan Chemical IndustriesChemicals & Petrochemicals | 0.77% | 1.61% |
| Hindustan AeronauticsAerospace & Defense | 0.71% | 6.36% |
| IIFL FinanceFinance | 0.79% | 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.