Loading fund overlap…
13 of 81 unique stocks in common · Jaccard: 16%
A weighted portfolio overlap of 40.88% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹40.88 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 7.55% in Franklin India Focused Equity Fund and 8.83% 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 | 7.55% | 8.83% |
| Axis BankBanks | 7.44% | 6.84% |
| HDFC BankBanks | 8.42% | 6.48% |
| Bharti AirtelTelecom - Services | 5.70% | 2.96% |
| Maruti Suzuki IndiaAutomobiles | 3.60% | 2.91% |
| InterGlobe AviationTransport Services | 2.94% | 2.79% |
| EternalRetailing | 5.24% | 2.73% |
| State Bank of IndiaBanks | 2.23% | 4.22% |
| Reliance IndustriesPetroleum Products | 6.16% | 2.01% |
| InfosysIT - Software | 2.84% | 1.32% |
| Tata SteelFerrous Metals | 4.07% | 1.30% |
| PB FintechFinancial Technology (Fintech) | 3.64% | 1.18% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.46% | 0.58% |
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.