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22 of 145 unique stocks in common · Jaccard: 15.2%
A weighted portfolio overlap of 29.35% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.35 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 4.18% in Franklin India Dividend Yield Fund ^ and 5.18% in HDFC Dividend Yield 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 | 4.18% | 5.18% |
| ICICI BankBanks | 3.80% | 4.80% |
| NTPCPower | 4.43% | 2.00% |
| State Bank of IndiaBanks | 4.99% | 1.89% |
| InfosysIT - Software | 3.61% | 1.72% |
| HCL TechnologiesIT - Software | 3.01% | 1.52% |
| Tata SteelFerrous Metals | 2.11% | 1.48% |
| Tata Consultancy ServicesIT - Software | 2.17% | 1.33% |
| Coal IndiaConsumable Fuels | 2.96% | 1.31% |
| ITCDiversified FMCG | 2.79% | 1.18% |
| Maruti Suzuki IndiaAutomobiles | 1.13% | 2.27% |
| Hindustan UnileverDiversified FMCG | 1.86% | 1.09% |
| Oil & Natural Gas CorporationOil | 2.65% | 1.09% |
| Hindustan Petroleum CorporationPetroleum Products | 1.36% | 1.02% |
| CESCPower | 2.20% | 0.97% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 0.73% |
| Bharat ElectronicsAerospace & Defense | 2.30% | 0.66% |
| RECFinance | 1.90% | 0.60% |
| GAIL (India)Gas | 2.11% | 0.59% |
| NHPCPower | 2.04% | 0.55% |
| EmamiPersonal Products | 0.72% | 0.36% |
| Chambal Fertilizers & ChemicalsFertilizers & Agrochemicals | 1.17% | 0.15% |
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.