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25 of 110 unique stocks in common · Jaccard: 22.7%
A weighted portfolio overlap of 48.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹48.88 is allocated to the exact same companies at the same relative proportions. The schemes share 25 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.67% in Franklin India Flexi Cap Fund ^ and 9.19% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in ICICI 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 HDFC |
|---|---|---|
| ICICI BankBanks | 6.67% | 9.19% |
| HDFC BankBanks | 6.21% | 5.71% |
| Axis BankBanks | 5.24% | 6.19% |
| State Bank of IndiaBanks | 3.56% | 4.16% |
| Kotak Mahindra BankBanks | 3.22% | 3.27% |
| Larsen & ToubroConstruction | 3.86% | 3.16% |
| EternalRetailing | 3.08% | 3.39% |
| Bharti AirtelTelecom - Services | 3.16% | 2.58% |
| HCL TechnologiesIT - Software | 2.29% | 2.48% |
| CiplaPharmaceuticals & Biotechnology | 1.88% | 2.47% |
| Interglobe AviationTransport Services | 1.79% | 2.98% |
| Reliance IndustriesPetroleum Products | 2.96% | 1.44% |
| PB FintechFinancial Technology (Fintech) | 1.35% | 1.52% |
| Tata SteelFerrous Metals | 1.87% | 0.88% |
| Ultratech CementCement & Cement Products | 1.38% | 0.87% |
| United SpiritsBeverages | 0.98% | 0.75% |
| Britannia IndustriesFood Products | 1.56% | 0.70% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.58% | 0.68% |
| Bharat ElectronicsAerospace & Defense | 2.03% | 0.62% |
| Havells IndiaConsumer Durables | 1.04% | 0.54% |
| InfosysIT - Software | 2.72% | 0.54% |
| Prestige Estates ProjectsRealty | 1.09% | 0.48% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 1.48% | 0.46% |
| Oil & Natural Gas CorporationOil | 0.30% | 0.26% |
| Metropolis HealthcareHealthcare Services | 0.14% | 0.33% |
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.