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24 of 103 unique stocks in common · Jaccard: 23.3%
A weighted portfolio overlap of 49.35% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹49.35 is allocated to the exact same companies at the same relative proportions. The schemes share 24 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 8.46% in ICICI Prudential Large 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 | in ICICI |
|---|---|---|
| HDFC BankBanks | 8.04% | 8.46% |
| ICICI BankBanks | 6.86% | 8.72% |
| Larsen & ToubroConstruction | 4.84% | 5.38% |
| Axis BankBanks | 5.28% | 4.67% |
| InfosysIT - Software | 3.67% | 3.60% |
| Reliance IndustriesPetroleum Products | 3.22% | 5.41% |
| Bharti AirtelTelecom - Services | 3.21% | 4.34% |
| Mahindra & MahindraAutomobiles | 2.81% | 2.34% |
| NTPCPower | 2.23% | 2.38% |
| InterGlobe AviationTransport Services | 1.37% | 1.83% |
| Kotak Mahindra BankBanks | 3.17% | 1.21% |
| State Bank of IndiaBanks | 4.52% | 1.02% |
| United SpiritsBeverages | 1.50% | 0.97% |
| Britannia IndustriesFood Products | 1.44% | 0.91% |
| Shree CementCement & Cement Products | 1.60% | 0.77% |
| Asian PaintsConsumer Durables | 0.70% | 2.02% |
| Tata Power CompanyPower | 2.09% | 0.60% |
| Bharat Petroleum CorporationPetroleum Products | 0.59% | 0.60% |
| EternalRetailing | 3.11% | 0.54% |
| HCL TechnologiesIT - Software | 2.97% | 0.47% |
| Tata SteelFerrous Metals | 1.73% | 0.43% |
| Grasim IndustriesCement & Cement Products | 2.50% | 0.35% |
| CiplaPharmaceuticals & Biotechnology | 0.99% | 0.33% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.46% | 0.08% |
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.