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17 of 131 unique stocks in common · Jaccard: 13%
A weighted portfolio overlap of 24.21% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.21 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 7.43% in ICICI Prudential ELSS Tax Saver 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 | 4.55% | 7.43% |
| Axis BankBanks | 3.95% | 6.21% |
| HDFC BankBanks | 2.86% | 7.09% |
| Larsen & ToubroConstruction | 1.90% | 4.90% |
| InfosysIT - Software | 2.07% | 1.85% |
| Ultratech CementCement & Cement Products | 1.60% | 1.93% |
| Bharti AirtelTelecom - Services | 1.58% | 2.51% |
| EternalRetailing | 4.00% | 1.58% |
| State Bank of IndiaBanks | 2.22% | 1.48% |
| InterGlobe AviationTransport Services | 0.99% | 1.27% |
| Mahindra & MahindraAutomobiles | 3.09% | 0.58% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 1.38% | 0.54% |
| Canara HSBC Life Insurance CoInsurance | 1.93% | 0.28% |
| SagilityIT - Services | 1.50% | 0.22% |
| Sona BLW Precision ForgingsAuto Components | 1.15% | 0.13% |
| Brigade EnterprisesRealty | 1.28% | 0.08% |
| SwiggyRetailing | 1.82% | 0.05% |
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.