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11 of 94 unique stocks in common · Jaccard: 11.7%
A weighted portfolio overlap of 37.55% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.55 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 HDFC Bank, which commands a weight of 8.42% in Franklin India Focused Equity Fund and 9.24% in ICICI Prudential Business Cycle 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 ICICI |
|---|---|---|
| HDFC BankBanks | 8.42% | 9.24% |
| ICICI BankBanks | 7.55% | 7.17% |
| Reliance IndustriesPetroleum Products | 6.16% | 5.46% |
| Maruti Suzuki IndiaAutomobiles | 3.60% | 4.09% |
| Axis BankBanks | 7.44% | 3.41% |
| Bharti AirtelTelecom - Services | 5.70% | 3.12% |
| HDFC Life Insurance CompanyInsurance | 2.49% | 2.89% |
| InterGlobe AviationTransport Services | 2.94% | 1.73% |
| Hindustan AeronauticsAerospace & Defense | 1.48% | 1.47% |
| Hindustan UnileverDiversified FMCG | 2.06% | 0.51% |
| SobhaRealty | 3.26% | 0.17% |
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.