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8 of 76 unique stocks in common · Jaccard: 10.5%
A weighted portfolio overlap of 28.98% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹28.98 is allocated to the exact same companies at the same relative proportions. The schemes share 8 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 9.41% in Nippon India Focused Equity 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 Nippon |
|---|---|---|
| HDFC BankBanks | 7.39% | 9.41% |
| ICICI BankBanks | 5.94% | 8.03% |
| Axis BankBanks | 5.45% | 7.36% |
| Reliance IndustriesPetroleum Products | 3.16% | 4.62% |
| InfosysIT - Software | 2.87% | 5.11% |
| State Bank of IndiaBanks | 3.34% | 2.60% |
| HDFC Life Insurance CompanyInsurance | 0.80% | 2.24% |
| Medplus Health ServicesRetailing | 0.77% | 1.85% |
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.