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19 of 71 unique stocks in common · Jaccard: 26.8%
A weighted portfolio overlap of 42.16% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹42.16 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is State Bank of India, which commands a weight of 4.99% in Franklin India Dividend Yield Fund ^ and 8.15% in Nippon India ETF Nifty Dividend Opportunities 50. Holding both schemes increases your concentration in State Bank of India 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 Nippon |
|---|---|---|
| State Bank of IndiaBanks | 4.99% | 8.15% |
| NTPCPower | 4.43% | 4.43% |
| InfosysIT - Software | 3.61% | 9.02% |
| HCL TechnologiesIT - Software | 3.01% | 3.72% |
| ITCDiversified FMCG | 2.79% | 9.74% |
| Coal IndiaConsumable Fuels | 2.96% | 2.66% |
| Oil & Natural Gas CorporationOil | 2.65% | 2.83% |
| Tata Consultancy ServicesIT - Software | 2.17% | 9.36% |
| Bharat ElectronicsAerospace & Defense | 2.30% | 2.15% |
| Tata SteelFerrous Metals | 2.11% | 3.49% |
| Hindustan UnileverDiversified FMCG | 1.86% | 5.12% |
| RECFinance | 1.90% | 1.61% |
| Bharat Petroleum CorporationPetroleum Products | 1.66% | 1.49% |
| Britannia IndustriesFood Products | 1.80% | 1.45% |
| GAIL (India)Gas | 2.11% | 1.45% |
| Power Grid Corporation of IndiaPower | 1.32% | 3.53% |
| Hero MotoCorpAutomobiles | 1.16% | 1.52% |
| NHPCPower | 2.04% | 0.77% |
| MphasisIT - Software | 1.18% | 0.49% |
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.