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15 of 112 unique stocks in common · Jaccard: 13.4%
A weighted portfolio overlap of 24.87% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.87 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 4.61% in ICICI Prudential Innovation 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% | 4.61% |
| Axis BankBanks | 3.95% | 3.06% |
| EternalRetailing | 4.00% | 2.54% |
| SwiggyRetailing | 1.82% | 1.99% |
| Info Edge (India)Retailing | 1.69% | 1.89% |
| 360 One WamCapital Markets | 1.60% | 2.65% |
| Bharti AirtelTelecom - Services | 1.58% | 2.02% |
| SagilityIT - Services | 1.50% | 2.36% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.53% | 1.41% |
| Larsen & ToubroConstruction | 1.90% | 1.34% |
| Max Healthcare InstituteHealthcare Services | 1.18% | 1.45% |
| CoforgeIT - Software | 1.10% | 2.16% |
| Hexaware TechnologiesIT - Software | 1.09% | 2.01% |
| Blue StarConsumer Durables | 0.26% | 1.70% |
| Clean Max Enviro Energy SolutionsPower | 1.55% | 0.14% |
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.