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18 of 72 unique stocks in common · Jaccard: 25%
A weighted portfolio overlap of 35.09% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹35.09 is allocated to the exact same companies at the same relative proportions. The schemes share 18 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 10.53% in SBI Nifty 50 ETF. 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 SBI |
|---|---|---|
| HDFC BankBanks | 4.18% | 10.53% |
| ICICI BankBanks | 3.80% | 8.30% |
| State Bank of IndiaBanks | 4.99% | 3.70% |
| InfosysIT - Software | 3.61% | 3.76% |
| ITCDiversified FMCG | 2.79% | 2.56% |
| Tata Consultancy ServicesIT - Software | 2.17% | 2.13% |
| Hindustan UnileverDiversified FMCG | 1.86% | 1.77% |
| NTPCPower | 4.43% | 1.70% |
| Tata SteelFerrous Metals | 2.11% | 1.59% |
| Bharat ElectronicsAerospace & Defense | 2.30% | 1.36% |
| Shriram FinanceFinance | 1.92% | 1.23% |
| Power Grid Corporation of IndiaPower | 1.32% | 1.22% |
| HCL TechnologiesIT - Software | 3.01% | 1.15% |
| Maruti Suzuki IndiaAutomobiles | 1.13% | 1.59% |
| Hindalco IndustriesNon - Ferrous Metals | 1.07% | 1.51% |
| Grasim IndustriesCement & Cement Products | 0.98% | 1.10% |
| Coal IndiaConsumable Fuels | 2.96% | 0.96% |
| Oil & Natural Gas CorporationOil | 2.65% | 0.95% |
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.