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11 of 126 unique stocks in common · Jaccard: 8.7%
A weighted portfolio overlap of 13.09% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹13.09 is allocated to the exact same companies at the same relative proportions. The schemes share 11 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 2.92% in Franklin India Equity Savings Fund and 3.26% in ICICI Prudential Multi Asset Allocation Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 2.92% | 3.26% |
| Axis BankBanks | 6.53% | 2.38% |
| ICICI BankBanks | 1.90% | 3.76% |
| NTPCPower | 4.01% | 1.37% |
| Kotak Mahindra BankBanks | 3.93% | 1.30% |
| Bharti AirtelTelecom - Services | 4.42% | 1.11% |
| Larsen & ToubroConstruction | 1.47% | 0.85% |
| HDFC Life Insurance CompanyInsurance | 1.48% | 0.57% |
| Mahindra & MahindraAutomobiles | 3.85% | 0.43% |
| Titan CompanyConsumer Durables | 3.57% | 0.15% |
| Ultratech CementCement & Cement Products | 1.56% | 0.10% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.