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43 of 59 unique stocks in common · Jaccard: 72.9%
A weighted portfolio overlap of 81.89% indicates a extreme overlap (near-identical portfolios). This means that out of every ₹100 you invest across these two schemes, approximately ₹81.89 is allocated to the exact same companies at the same relative proportions. The schemes share 43 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 8.04% in Franklin India ELSS Tax Saver Fund ^ and 7.39% in Franklin India Flexi Cap 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 India ELSS | in Franklin India Flexi |
|---|---|---|
| HDFC BankBanks | 8.04% | 7.39% |
| ICICI BankBanks | 6.86% | 5.94% |
| Axis BankBanks | 5.28% | 5.45% |
| Larsen & ToubroConstruction | 4.84% | 4.01% |
| State Bank of IndiaBanks | 4.52% | 3.34% |
| Bharti AirtelTelecom - Services | 3.21% | 3.29% |
| Reliance IndustriesPetroleum Products | 3.22% | 3.16% |
| Kotak Mahindra BankBanks | 3.17% | 3.04% |
| InfosysIT - Software | 3.67% | 2.87% |
| Mahindra & MahindraAutomobiles | 2.81% | 2.77% |
| HCL TechnologiesIT - Software | 2.97% | 2.56% |
| EternalRetailing | 3.11% | 2.50% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.46% | 2.45% |
| Kirloskar Oil EnginesIndustrial Products | 2.57% | 2.35% |
| MaricoAgricultural Food & Other Products | 2.36% | 2.10% |
| Tata Power CompanyPower | 2.09% | 2.16% |
| Grasim IndustriesCement & Cement Products | 2.50% | 2.02% |
| NTPCPower | 2.23% | 2.00% |
| Bharat ElectronicsAerospace & Defense | 2.69% | 2.00% |
| Tata SteelFerrous Metals | 1.73% | 2.18% |
| Tube Investments of IndiaAuto Components | 1.76% | 1.71% |
| Britannia IndustriesFood Products | 1.44% | 1.43% |
| InterGlobe AviationTransport Services | 1.37% | 1.53% |
| Cholamandalam Investment and Finance CompanyFinance | 1.36% | 1.53% |
| Hindalco IndustriesNon - Ferrous Metals | 1.36% | 1.35% |
| United SpiritsBeverages | 1.50% | 1.27% |
| Eris LifesciencesPharmaceuticals & Biotechnology | 1.07% | 1.05% |
| PB FintechFinancial Technology (Fintech) | 1.17% | 1.00% |
| CiplaPharmaceuticals & Biotechnology | 0.99% | 1.42% |
| Kalyan Jewellers IndiaConsumer Durables | 0.86% | 1.00% |
| Godrej PropertiesRealty | 0.77% | 0.77% |
| Asian PaintsConsumer Durables | 0.70% | 1.15% |
| Tata CapitalFinance | 0.99% | 0.67% |
| Prestige Estates ProjectsRealty | 0.64% | 0.71% |
| PI IndustriesFertilizers & Agrochemicals | 0.59% | 0.93% |
| Bharat Petroleum CorporationPetroleum Products | 0.59% | 0.59% |
| Intellect Design ArenaIT - Software | 0.60% | 0.52% |
| Amara Raja Energy & MobilityAuto Components | 0.55% | 0.50% |
| Jubilant FoodworksLeisure Services | 0.48% | 0.52% |
| Lemon Tree HotelsLeisure Services | 0.62% | 0.47% |
| Jyothy LabsHousehold Products | 0.56% | 0.36% |
| Medplus Health ServicesRetailing | 0.26% | 0.77% |
| Teamlease ServicesCommercial Services & Supplies | 0.25% | 0.15% |
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.