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11 of 62 unique stocks in common · Jaccard: 17.7%
A weighted portfolio overlap of 22.9% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.9 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 6.16% in Franklin India Focused Equity Fund and 4.65% in Franklin India Opportunities 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 India Focused | in Franklin India Opportunities |
|---|---|---|
| Reliance IndustriesPetroleum Products | 6.16% | 4.65% |
| Axis BankBanks | 7.44% | 3.85% |
| EternalRetailing | 5.24% | 2.42% |
| State Bank of IndiaBanks | 2.23% | 3.28% |
| PB FintechFinancial Technology (Fintech) | 3.64% | 2.12% |
| Shriram FinanceFinance | 1.94% | 4.02% |
| APL Apollo TubesIndustrial Products | 1.48% | 3.49% |
| Hindustan AeronauticsAerospace & Defense | 1.48% | 6.36% |
| InterGlobe AviationTransport Services | 2.94% | 1.19% |
| HDFC BankBanks | 8.42% | 0.90% |
| Deepak NitriteChemicals & Petrochemicals | 1.30% | 0.65% |
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.