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26 of 64 unique stocks in common · Jaccard: 40.6%
A weighted portfolio overlap of 52.25% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹52.25 is allocated to the exact same companies at the same relative proportions. The schemes share 26 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 5.01% in Franklin India Aggressive Hybrid Fund ^ and 8.04% in Franklin India ELSS Tax Saver Fund ^. Holding both schemes increases your concentration in HDFC 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 India Aggressive | in Franklin India ELSS |
|---|---|---|
| HDFC BankBanks | 5.01% | 8.04% |
| ICICI BankBanks | 4.94% | 6.86% |
| Axis BankBanks | 3.65% | 5.28% |
| State Bank of IndiaBanks | 3.54% | 4.52% |
| Reliance IndustriesPetroleum Products | 3.81% | 3.22% |
| Larsen & ToubroConstruction | 3.08% | 4.84% |
| Bharti AirtelTelecom - Services | 2.96% | 3.21% |
| InfosysIT - Software | 2.21% | 3.67% |
| NTPCPower | 2.20% | 2.23% |
| Mahindra & MahindraAutomobiles | 1.86% | 2.81% |
| HCL TechnologiesIT - Software | 1.86% | 2.97% |
| EternalRetailing | 1.86% | 3.11% |
| Kirloskar Oil EnginesIndustrial Products | 1.68% | 2.57% |
| MaricoAgricultural Food & Other Products | 1.65% | 2.36% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.57% | 2.46% |
| Tata SteelFerrous Metals | 1.45% | 1.73% |
| Britannia IndustriesFood Products | 1.36% | 1.44% |
| Cholamandalam Investment and Finance CompanyFinance | 1.48% | 1.36% |
| InterGlobe AviationTransport Services | 1.25% | 1.37% |
| Bharat ElectronicsAerospace & Defense | 1.08% | 2.69% |
| Eris LifesciencesPharmaceuticals & Biotechnology | 1.04% | 1.07% |
| Hindalco IndustriesNon - Ferrous Metals | 0.89% | 1.36% |
| Asian PaintsConsumer Durables | 1.05% | 0.70% |
| PB FintechFinancial Technology (Fintech) | 0.66% | 1.17% |
| Lemon Tree HotelsLeisure Services | 0.67% | 0.62% |
| Amara Raja Energy & MobilityAuto Components | 0.62% | 0.55% |
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.