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23 of 98 unique stocks in common · Jaccard: 23.5%
A weighted portfolio overlap of 47.95% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹47.95 is allocated to the exact same companies at the same relative proportions. The schemes share 23 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 7.39% in Franklin India Flexi Cap Fund ^ and 6.48% in HDFC Flexi Cap 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 HDFC |
|---|---|---|
| HDFC BankBanks | 7.39% | 6.48% |
| ICICI BankBanks | 5.94% | 8.83% |
| Axis BankBanks | 5.45% | 6.84% |
| Larsen & ToubroConstruction | 4.01% | 3.55% |
| State Bank of IndiaBanks | 3.34% | 4.22% |
| Kotak Mahindra BankBanks | 3.04% | 3.43% |
| Bharti AirtelTelecom - Services | 3.29% | 2.96% |
| EternalRetailing | 2.50% | 2.73% |
| HCL TechnologiesIT - Software | 2.56% | 2.47% |
| Reliance IndustriesPetroleum Products | 3.16% | 2.01% |
| InterGlobe AviationTransport Services | 1.53% | 2.79% |
| CiplaPharmaceuticals & Biotechnology | 1.42% | 2.89% |
| InfosysIT - Software | 2.87% | 1.32% |
| Tata SteelFerrous Metals | 2.18% | 1.30% |
| PB FintechFinancial Technology (Fintech) | 1.00% | 1.18% |
| Britannia IndustriesFood Products | 1.43% | 0.77% |
| United SpiritsBeverages | 1.27% | 0.72% |
| Apollo Hospitals EnterpriseHealthcare Services | 2.45% | 0.58% |
| Oil & Natural Gas CorporationOil | 0.71% | 0.58% |
| Prestige Estates ProjectsRealty | 0.71% | 0.45% |
| Ashok LeylandAgricultural, Commercial & Construction Vehicles | 1.31% | 0.34% |
| Metropolis HealthcareHealthcare Services | 0.17% | 0.35% |
| Bharat ElectronicsAerospace & Defense | 2.00% | 0.02% |
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.