Loading fund overlap…
11 of 52 unique stocks in common · Jaccard: 21.2%
A weighted portfolio overlap of 32.9% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹32.9 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 ICICI Bank, which commands a weight of 7.55% in Franklin India Focused Equity Fund and 6.54% in Lic Mf Arbitrage 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 Lic |
|---|---|---|
| ICICI BankBanks | 7.55% | 6.54% |
| HDFC BankBanks | 8.42% | 6.47% |
| Reliance IndustriesPetroleum Products | 6.16% | 5.25% |
| Bharti AirtelTelecom - Services | 5.70% | 4.83% |
| Tata SteelFerrous Metals | 4.07% | 3.63% |
| State Bank of IndiaBanks | 2.23% | 5.99% |
| Maruti Suzuki IndiaAutomobiles | 3.60% | 1.26% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 4.72% | 0.97% |
| EternalRetailing | 5.24% | 0.76% |
| HDFC Life Insurance CompanyInsurance | 2.49% | 0.63% |
| Tata Power CompanyPower | 1.43% | 0.33% |
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.