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15 of 78 unique stocks in common · Jaccard: 19.2%
A weighted portfolio overlap of 37.14% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.14 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 7.23% 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 | 8.04% | 7.23% |
| Axis BankBanks | 5.28% | 6.78% |
| ICICI BankBanks | 6.86% | 4.67% |
| InfosysIT - Software | 3.67% | 3.45% |
| Reliance IndustriesPetroleum Products | 3.22% | 6.01% |
| State Bank of IndiaBanks | 4.52% | 2.66% |
| Kirloskar Oil EnginesIndustrial Products | 2.57% | 2.08% |
| NTPCPower | 2.23% | 2.04% |
| Tata SteelFerrous Metals | 1.73% | 2.49% |
| Grasim IndustriesCement & Cement Products | 2.50% | 1.50% |
| HCL TechnologiesIT - Software | 2.97% | 1.33% |
| CiplaPharmaceuticals & Biotechnology | 0.99% | 3.36% |
| Bharat Petroleum CorporationPetroleum Products | 0.59% | 1.07% |
| Teamlease ServicesCommercial Services & Supplies | 0.25% | 0.70% |
| Whirlpool of IndiaConsumer Durables | 0.40% | 0.13% |
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.