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15 of 67 unique stocks in common · Jaccard: 22.4%
A weighted portfolio overlap of 44.33% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹44.33 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 6.89% in ICICI Prudential ESG Exclusionary Strategy 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 ICICI |
|---|---|---|
| ICICI BankBanks | 7.55% | 6.89% |
| HDFC BankBanks | 8.42% | 6.19% |
| Axis BankBanks | 7.44% | 4.87% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 4.72% | 7.36% |
| Bharti AirtelTelecom - Services | 5.70% | 3.75% |
| Maruti Suzuki IndiaAutomobiles | 3.60% | 4.03% |
| InfosysIT - Software | 2.84% | 2.71% |
| EternalRetailing | 5.24% | 2.67% |
| Reliance IndustriesPetroleum Products | 6.16% | 1.93% |
| InterGlobe AviationTransport Services | 2.94% | 1.56% |
| State Bank of IndiaBanks | 2.23% | 1.52% |
| Tata Consultancy ServicesIT - Software | 5.33% | 1.22% |
| Hindustan UnileverDiversified FMCG | 2.06% | 1.01% |
| RECFinance | 0.84% | 1.72% |
| Deepak NitriteChemicals & Petrochemicals | 1.30% | 0.84% |
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.