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18 of 89 unique stocks in common · Jaccard: 20.2%
A weighted portfolio overlap of 32.8% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.8 is allocated to the exact same companies at the same relative proportions. The schemes share 18 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 5.44% in Franklin Build India Fund and 4.19% in ICICI Prudential Dividend Yield Equity Fund. Holding both schemes increases your concentration in Reliance Industries 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 Franklin | in ICICI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 5.44% | 4.19% |
| NTPCPower | 5.63% | 4.09% |
| Axis BankBanks | 4.07% | 4.63% |
| HDFC BankBanks | 3.83% | 7.15% |
| Larsen & ToubroConstruction | 9.35% | 3.13% |
| Bharti AirtelTelecom - Services | 4.11% | 2.83% |
| InterGlobe AviationTransport Services | 5.86% | 2.76% |
| RECFinance | 3.31% | 1.85% |
| Oil & Natural Gas CorporationOil | 5.73% | 1.50% |
| State Bank of IndiaBanks | 2.21% | 1.29% |
| Indiamart IntermeshRetailing | 1.15% | 0.75% |
| Power Grid Corporation of IndiaPower | 4.00% | 0.71% |
| Bharat Petroleum CorporationPetroleum Products | 1.27% | 0.66% |
| CESCPower | 1.73% | 0.48% |
| Tata SteelFerrous Metals | 2.60% | 0.47% |
| Gateway DistriparksTransport Services | 0.62% | 0.15% |
| Shree CementCement & Cement Products | 1.60% | 0.02% |
| Tata Power CompanyPower | 4.13% | 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.