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27 of 146 unique stocks in common · Jaccard: 18.5%
A weighted portfolio overlap of 28.41% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.41 is allocated to the exact same companies at the same relative proportions. The schemes share 27 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.26% in Franklin India Arbitrage Fund and 6.48% in HDFC Flexi Cap 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 | in HDFC |
|---|---|---|
| HDFC BankBanks | 6.26% | 6.48% |
| ICICI BankBanks | 5.62% | 8.83% |
| Axis BankBanks | 2.81% | 6.84% |
| Reliance IndustriesPetroleum Products | 4.88% | 2.01% |
| Bharti AirtelTelecom - Services | 1.92% | 2.96% |
| EternalRetailing | 1.71% | 2.73% |
| Larsen & ToubroConstruction | 1.65% | 3.55% |
| State Bank of IndiaBanks | 1.59% | 4.22% |
| FSN E-Commerce VenturesRetailing | 1.44% | 0.80% |
| Kotak Mahindra BankBanks | 0.75% | 3.43% |
| Oil & Natural Gas CorporationOil | 1.21% | 0.58% |
| JSW SteelFerrous Metals | 0.47% | 1.72% |
| CiplaPharmaceuticals & Biotechnology | 0.42% | 2.89% |
| Maruti Suzuki IndiaAutomobiles | 0.34% | 2.91% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.30% | 0.58% |
| SBI Life Insurance CompanyInsurance | 0.30% | 3.76% |
| Vishal Mega MartRetailing | 0.20% | 0.70% |
| Power Grid Corporation of IndiaPower | 0.20% | 2.51% |
| United SpiritsBeverages | 0.11% | 0.72% |
| Divi's LaboratoriesPharmaceuticals & Biotechnology | 0.11% | 1.18% |
| Crompton Greaves Consumer ElectricalsConsumer Durables | 0.10% | 0.40% |
| Max Healthcare InstituteHealthcare Services | 0.08% | 1.38% |
| Eicher MotorsAutomobiles | 0.03% | 2.46% |
| Bharat ElectronicsAerospace & Defense | 1.77% | 0.02% |
| Britannia IndustriesFood Products | 0.02% | 0.77% |
| Hindustan Petroleum CorporationPetroleum Products | 0.01% | 0.25% |
| TVS Motor CompanyAutomobiles | 0.00% | 0.29% |
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.