Loading fund overlap…
14 of 100 unique stocks in common · Jaccard: 14%
A weighted portfolio overlap of 24.47% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.47 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 4.12% in Franklin Build India Fund and 5.16% in ICICI Prudential 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 Franklin | in ICICI |
|---|---|---|
| Axis BankBanks | 4.12% | 5.16% |
| HDFC BankBanks | 3.88% | 8.56% |
| Reliance IndustriesPetroleum Products | 4.76% | 3.53% |
| Larsen & ToubroConstruction | 9.30% | 2.95% |
| Bharti AirtelTelecom - Services | 4.08% | 2.88% |
| Interglobe AviationTransport Services | 7.07% | 1.77% |
| NTPCPower | 4.36% | 1.72% |
| Oil & Natural Gas CorporationOil | 3.02% | 0.77% |
| Kalpataru Projects InternationalConstruction | 2.00% | 0.76% |
| Hindustan AeronauticsAerospace & Defense | 3.08% | 0.74% |
| Shree CementCement & Cement Products | 1.47% | 0.53% |
| Bharat Petroleum CorporationPetroleum Products | 1.39% | 0.47% |
| KEC InternationalConstruction | 1.09% | 0.25% |
| AIA EngineeringIndustrial Products | 0.68% | 0.11% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.