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13 of 121 unique stocks in common · Jaccard: 10.7%
A weighted portfolio overlap of 16.88% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.88 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 5.62% in Franklin India Arbitrage Fund and 5.79% in quant Flexi Cap Fund. Holding both schemes increases your concentration in ICICI 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 quant |
|---|---|---|
| ICICI BankBanks | 5.62% | 5.79% |
| Reliance IndustriesPetroleum Products | 4.88% | 2.83% |
| Adani EnterprisesMetals & Minerals Trading | 1.97% | 8.51% |
| Bharti AirtelTelecom - Services | 1.92% | 3.01% |
| Larsen & ToubroConstruction | 1.65% | 3.62% |
| Tata Power CompanyPower | 1.24% | 3.53% |
| HDFC Life Insurance CompanyInsurance | 0.85% | 2.09% |
| AU Small Finance BankBanks | 0.37% | 1.27% |
| NBCC (India)Construction | 0.22% | 0.43% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.12% | 6.13% |
| Samvardhana Motherson InternationalAuto Components | 0.07% | 8.56% |
| Adani Green EnergyPower | 0.02% | 4.43% |
| Adani PowerPower | 0.01% | 9.99% |
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.