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42 of 147 unique stocks in common · Jaccard: 28.6%
A weighted portfolio overlap of 35.79% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.79 is allocated to the exact same companies at the same relative proportions. The schemes share 42 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 8.46% in ICICI Prudential Large 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 ICICI |
|---|---|---|
| HDFC BankBanks | 6.26% | 8.46% |
| ICICI BankBanks | 5.62% | 8.72% |
| Reliance IndustriesPetroleum Products | 4.88% | 5.41% |
| Axis BankBanks | 2.81% | 4.67% |
| Bharti AirtelTelecom - Services | 1.92% | 4.34% |
| Larsen & ToubroConstruction | 1.65% | 5.38% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.61% | 2.65% |
| Oil & Natural Gas CorporationOil | 1.21% | 1.25% |
| State Bank of IndiaBanks | 1.59% | 1.02% |
| Mahindra & MahindraAutomobiles | 0.93% | 2.34% |
| HDFC Life Insurance CompanyInsurance | 0.85% | 1.16% |
| Kotak Mahindra BankBanks | 0.75% | 1.21% |
| NTPCPower | 0.64% | 2.38% |
| ITCDiversified FMCG | 0.62% | 0.94% |
| Tata Power CompanyPower | 1.24% | 0.60% |
| EternalRetailing | 1.71% | 0.54% |
| Info Edge (India)Retailing | 0.62% | 0.51% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.36% | 1.08% |
| Maruti Suzuki IndiaAutomobiles | 0.34% | 3.55% |
| CiplaPharmaceuticals & Biotechnology | 0.42% | 0.33% |
| Ultratech CementCement & Cement Products | 0.31% | 2.69% |
| SBI Life Insurance CompanyInsurance | 0.30% | 1.09% |
| Hindustan UnileverDiversified FMCG | 0.20% | 0.83% |
| Bajaj FinservFinance | 0.47% | 0.20% |
| Power Grid Corporation of IndiaPower | 0.20% | 1.08% |
| Hindustan AeronauticsAerospace & Defense | 0.19% | 1.11% |
| Titan CompanyConsumer Durables | 0.13% | 0.43% |
| DLFRealty | 0.12% | 1.32% |
| United SpiritsBeverages | 0.11% | 0.97% |
| Grasim IndustriesCement & Cement Products | 0.10% | 0.35% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.30% | 0.08% |
| Max Healthcare InstituteHealthcare Services | 0.08% | 0.59% |
| Godrej Consumer ProductsPersonal Products | 0.07% | 0.33% |
| VedantaDiversified Metals | 0.06% | 0.29% |
| Avenue SupermartsRetailing | 0.05% | 0.92% |
| Eicher MotorsAutomobiles | 0.03% | 0.62% |
| Indian Oil CorporationPetroleum Products | 0.10% | 0.02% |
| Bharat Petroleum CorporationPetroleum Products | 0.02% | 0.60% |
| Hero MotoCorpAutomobiles | 0.02% | 1.59% |
| Britannia IndustriesFood Products | 0.02% | 0.91% |
| The Indian Hotels CompanyLeisure Services | 0.00% | 0.04% |
| TVS Motor CompanyAutomobiles | 0.00% | 0.49% |
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.