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21 of 90 unique stocks in common · Jaccard: 23.3%
A weighted portfolio overlap of 48.78% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹48.78 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.86% in Franklin India ELSS Tax Saver Fund ^ and 8.83% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in ICICI 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 HDFC |
|---|---|---|
| ICICI BankBanks | 6.86% | 8.83% |
| HDFC BankBanks | 8.04% | 6.48% |
| Axis BankBanks | 5.28% | 6.84% |
| State Bank of IndiaBanks | 4.52% | 4.22% |
| Larsen & ToubroConstruction | 4.84% | 3.55% |
| Kotak Mahindra BankBanks | 3.17% | 3.43% |
| Bharti AirtelTelecom - Services | 3.21% | 2.96% |
| EternalRetailing | 3.11% | 2.73% |
| HCL TechnologiesIT - Software | 2.97% | 2.47% |
| Reliance IndustriesPetroleum Products | 3.22% | 2.01% |
| InterGlobe AviationTransport Services | 1.37% | 2.79% |
| InfosysIT - Software | 3.67% | 1.32% |
| Tata SteelFerrous Metals | 1.73% | 1.30% |
| PB FintechFinancial Technology (Fintech) | 1.17% | 1.18% |
| CiplaPharmaceuticals & Biotechnology | 0.99% | 2.89% |
| Britannia IndustriesFood Products | 1.44% | 0.77% |
| United SpiritsBeverages | 1.50% | 0.72% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.46% | 0.58% |
| Prestige Estates ProjectsRealty | 0.64% | 0.45% |
| Dixon Technologies (India)Consumer Durables | 0.76% | 0.36% |
| Bharat ElectronicsAerospace & Defense | 2.69% | 0.02% |
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.