Loading fund overlap…
20 of 151 unique stocks in common · Jaccard: 13.2%
A weighted portfolio overlap of 21.2% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.2 is allocated to the exact same companies at the same relative proportions. The schemes share 20 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.78% in Franklin India Balanced Advantage Fund and 5.59% in ICICI Prudential Multi Asset Allocation 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 | 3.78% | 5.59% |
| ICICI BankBanks | 3.64% | 3.76% |
| Axis BankBanks | 2.65% | 2.38% |
| Reliance IndustriesPetroleum Products | 2.19% | 3.26% |
| Interglobe AviationTransport Services | 1.32% | 1.88% |
| InfosysIT - Software | 1.23% | 1.72% |
| Bharti AirtelTelecom - Services | 3.59% | 1.11% |
| State Bank of IndiaBanks | 2.63% | 0.94% |
| Larsen & ToubroConstruction | 2.58% | 0.85% |
| Tata SteelFerrous Metals | 0.94% | 0.67% |
| Hyundai Motor IndiaAutomobiles | 0.78% | 0.65% |
| Mahindra & MahindraAutomobiles | 2.21% | 0.43% |
| ICICI Lombard General Insurance CompanyInsurance | 0.86% | 0.42% |
| Asian PaintsConsumer Durables | 0.85% | 0.35% |
| Bharat ElectronicsAerospace & Defense | 1.81% | 0.31% |
| NTPCPower | 0.31% | 1.37% |
| Britannia IndustriesFood Products | 1.21% | 0.29% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 0.92% | 0.21% |
| Ultratech CementCement & Cement Products | 2.03% | 0.10% |
| SBI Funds ManagementCapital Markets | 0.96% | 0.02% |
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.