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19 of 68 unique stocks in common · Jaccard: 27.9%
A weighted portfolio overlap of 37.49% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.49 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 HDFC Bank, which commands a weight of 4.18% in Franklin India Dividend Yield Fund ^ and 7.23% in Templeton India Value 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 Templeton |
|---|---|---|
| HDFC BankBanks | 4.18% | 7.23% |
| ICICI BankBanks | 3.80% | 4.67% |
| InfosysIT - Software | 3.61% | 3.45% |
| State Bank of IndiaBanks | 4.99% | 2.66% |
| Oil & Natural Gas CorporationOil | 2.65% | 3.82% |
| ITCDiversified FMCG | 2.79% | 2.20% |
| Tata Consultancy ServicesIT - Software | 2.17% | 4.01% |
| Tata SteelFerrous Metals | 2.11% | 2.49% |
| NTPCPower | 4.43% | 2.04% |
| RECFinance | 1.90% | 2.21% |
| CESCPower | 2.20% | 1.69% |
| GAIL (India)Gas | 2.11% | 1.34% |
| HCL TechnologiesIT - Software | 3.01% | 1.33% |
| Power Grid Corporation of IndiaPower | 1.32% | 1.60% |
| Maruti Suzuki IndiaAutomobiles | 1.13% | 3.27% |
| Bharat Petroleum CorporationPetroleum Products | 1.66% | 1.07% |
| Grasim IndustriesCement & Cement Products | 0.98% | 1.50% |
| JSW DuluxConsumer Durables | 1.56% | 0.76% |
| EmamiPersonal Products | 0.72% | 1.53% |
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.