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14 of 65 unique stocks in common · Jaccard: 21.5%
A weighted portfolio overlap of 36.27% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹36.27 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.86% in Franklin India Large Cap Fund ^ and 7.86% in IB03-Groww Aggressive Hybrid 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 IB03-Groww |
|---|---|---|
| ICICI BankBanks | 8.86% | 7.86% |
| HDFC BankBanks | 6.62% | 8.85% |
| Larsen & ToubroConstruction | 3.93% | 5.32% |
| Reliance IndustriesPetroleum Products | 5.43% | 3.91% |
| State Bank of IndiaBanks | 3.17% | 3.13% |
| Bharti AirtelTelecom - Services | 2.32% | 4.07% |
| InfosysIT - Software | 3.94% | 1.95% |
| Mahindra & MahindraAutomobiles | 4.34% | 1.18% |
| Ultratech CementCement & Cement Products | 1.74% | 1.08% |
| Axis BankBanks | 4.68% | 0.97% |
| EternalRetailing | 4.80% | 0.96% |
| Maruti Suzuki IndiaAutomobiles | 0.85% | 2.52% |
| JB Chemicals & PharmaceuticalsPharmaceuticals & Biotechnology | 2.36% | 0.84% |
| SwiggyRetailing | 0.94% | 0.67% |
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.