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16 of 71 unique stocks in common · Jaccard: 22.5%
A weighted portfolio overlap of 29.7% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹29.7 is allocated to the exact same companies at the same relative proportions. The schemes share 16 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 6.04% in Kotak ESG Exclusionary Strategy 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 Kotak |
|---|---|---|
| HDFC BankBanks | 4.18% | 6.04% |
| ICICI BankBanks | 3.80% | 5.10% |
| InfosysIT - Software | 3.61% | 4.71% |
| State Bank of IndiaBanks | 4.99% | 3.52% |
| Tata Consultancy ServicesIT - Software | 2.17% | 2.02% |
| Shriram FinanceFinance | 1.92% | 3.46% |
| Britannia IndustriesFood Products | 1.80% | 1.55% |
| Indus TowersTelecom - Services | 1.91% | 1.33% |
| Bharat Petroleum CorporationPetroleum Products | 1.66% | 1.21% |
| Hindustan UnileverDiversified FMCG | 1.86% | 1.17% |
| Hero MotoCorpAutomobiles | 1.16% | 2.29% |
| HCL TechnologiesIT - Software | 3.01% | 1.12% |
| Hindustan Petroleum CorporationPetroleum Products | 1.36% | 0.96% |
| Maruti Suzuki IndiaAutomobiles | 1.13% | 0.89% |
| NTPCPower | 4.43% | 0.79% |
| GAIL (India)Gas | 2.11% | 0.47% |
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.