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13 of 107 unique stocks in common · Jaccard: 12.1%
A weighted portfolio overlap of 23.3% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.3 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 HDFC Bank, which commands a weight of 4.18% in Franklin India Dividend Yield Fund ^ and 6.73% in ICICI Prudential India Opportunities 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 | 4.18% | 6.73% |
| ICICI BankBanks | 3.80% | 5.33% |
| InfosysIT - Software | 3.61% | 6.00% |
| NTPCPower | 4.43% | 2.03% |
| Hindustan UnileverDiversified FMCG | 1.86% | 2.01% |
| Britannia IndustriesFood Products | 1.80% | 1.81% |
| Tata Consultancy ServicesIT - Software | 2.17% | 1.74% |
| State Bank of IndiaBanks | 4.99% | 1.63% |
| Oil & Natural Gas CorporationOil | 2.65% | 0.93% |
| Hindustan AeronauticsAerospace & Defense | 1.11% | 0.80% |
| MphasisIT - Software | 1.18% | 0.35% |
| Maruti Suzuki IndiaAutomobiles | 1.13% | 0.32% |
| Chambal Fertilizers & ChemicalsFertilizers & Agrochemicals | 1.17% | 0.27% |
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.