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12 of 64 unique stocks in common · Jaccard: 18.8%
A weighted portfolio overlap of 37.08% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.08 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 6.04% in Kotak ESG Exclusionary Strategy 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 Kotak |
|---|---|---|
| HDFC BankBanks | 8.42% | 6.04% |
| Bharti AirtelTelecom - Services | 5.70% | 7.42% |
| ICICI BankBanks | 7.55% | 5.10% |
| EternalRetailing | 5.24% | 4.75% |
| Axis BankBanks | 7.44% | 4.18% |
| InfosysIT - Software | 2.84% | 4.71% |
| State Bank of IndiaBanks | 2.23% | 3.52% |
| Tata Consultancy ServicesIT - Software | 5.33% | 2.02% |
| Shriram FinanceFinance | 1.94% | 3.46% |
| Hindustan UnileverDiversified FMCG | 2.06% | 1.17% |
| Maruti Suzuki IndiaAutomobiles | 3.60% | 0.89% |
| APL Apollo TubesIndustrial Products | 1.48% | 0.22% |
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.