Loading fund overlap…
21 of 75 unique stocks in common · Jaccard: 28%
A weighted portfolio overlap of 54.73% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹54.73 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 HDFC Bank, which commands a weight of 8.04% in Franklin India ELSS Tax Saver Fund ^ and 10.53% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| HDFC BankBanks | 8.04% | 10.53% |
| ICICI BankBanks | 6.86% | 8.30% |
| Larsen & ToubroConstruction | 4.84% | 4.42% |
| State Bank of IndiaBanks | 4.52% | 3.70% |
| InfosysIT - Software | 3.67% | 3.76% |
| Axis BankBanks | 5.28% | 3.41% |
| Reliance IndustriesPetroleum Products | 3.22% | 8.25% |
| Bharti AirtelTelecom - Services | 3.21% | 5.19% |
| Kotak Mahindra BankBanks | 3.17% | 2.61% |
| Mahindra & MahindraAutomobiles | 2.81% | 2.52% |
| NTPCPower | 2.23% | 1.70% |
| EternalRetailing | 3.11% | 1.67% |
| Tata SteelFerrous Metals | 1.73% | 1.59% |
| Bharat ElectronicsAerospace & Defense | 2.69% | 1.36% |
| Hindalco IndustriesNon - Ferrous Metals | 1.36% | 1.51% |
| HCL TechnologiesIT - Software | 2.97% | 1.15% |
| Grasim IndustriesCement & Cement Products | 2.50% | 1.10% |
| InterGlobe AviationTransport Services | 1.37% | 0.92% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.46% | 0.78% |
| CiplaPharmaceuticals & Biotechnology | 0.99% | 0.73% |
| Asian PaintsConsumer Durables | 0.70% | 1.12% |
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.