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17 of 108 unique stocks in common · Jaccard: 15.7%
A weighted portfolio overlap of 23.04% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.04 is allocated to the exact same companies at the same relative proportions. The schemes share 17 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.55% in Franklin India Large & Mid Cap Fund ^ and 4.44% in HDFC Infrastructure 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 HDFC |
|---|---|---|
| ICICI BankBanks | 4.55% | 4.44% |
| Larsen & ToubroConstruction | 1.90% | 7.17% |
| HDFC BankBanks | 2.86% | 1.87% |
| State Bank of IndiaBanks | 2.22% | 1.69% |
| Bharti AirtelTelecom - Services | 1.58% | 2.14% |
| Axis BankBanks | 3.95% | 1.51% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.53% | 1.33% |
| Hindalco IndustriesNon - Ferrous Metals | 1.90% | 1.24% |
| Tata Power CompanyPower | 1.23% | 1.10% |
| InterGlobe AviationTransport Services | 0.99% | 3.06% |
| ABB IndiaElectrical Equipment | 1.43% | 0.97% |
| Max Healthcare InstituteHealthcare Services | 1.18% | 0.95% |
| Power Grid Corporation of IndiaPower | 0.95% | 2.91% |
| DelhiveryTransport Services | 0.86% | 1.51% |
| Ultratech CementCement & Cement Products | 1.60% | 0.82% |
| Clean Max Enviro Energy SolutionsPower | 1.55% | 0.47% |
| Oberoi RealtyRealty | 1.13% | 0.36% |
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.