Loading fund overlap…
9 of 39 unique stocks in common · Jaccard: 23.1%
A weighted portfolio overlap of 26.33% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹26.33 is allocated to the exact same companies at the same relative proportions. The schemes share 9 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 6.12% in Franklin India Equity Savings Fund and 7.44% in Franklin India Focused Equity Fund. Holding both schemes increases your concentration in Axis 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 Equity | in Franklin India Focused |
|---|---|---|
| Axis BankBanks | 6.12% | 7.44% |
| Reliance IndustriesPetroleum Products | 4.69% | 6.16% |
| Bharti AirtelTelecom - Services | 4.23% | 5.70% |
| ICICI BankBanks | 3.69% | 7.55% |
| HDFC BankBanks | 1.72% | 8.42% |
| HDFC Life Insurance CompanyInsurance | 1.53% | 2.49% |
| Hindustan AeronauticsAerospace & Defense | 3.23% | 1.48% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.02% | 1.46% |
| Tata Power CompanyPower | 1.54% | 1.43% |
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.