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12 of 90 unique stocks in common · Jaccard: 13.3%
A weighted portfolio overlap of 22.96% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.96 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 6.35% in Lic Mf Flexi Cap 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 | 4.55% | 6.35% |
| Axis BankBanks | 3.95% | 4.03% |
| Max Financial ServicesInsurance | 2.05% | 2.21% |
| Larsen & ToubroConstruction | 1.90% | 3.43% |
| Bharti AirtelTelecom - Services | 1.58% | 2.85% |
| MaricoAgricultural Food & Other Products | 2.24% | 1.54% |
| Apollo Hospitals EnterpriseHealthcare Services | 1.53% | 3.24% |
| AU Small Finance BankBanks | 1.92% | 1.44% |
| Tata Power CompanyPower | 1.23% | 1.68% |
| CoforgeIT - Software | 1.10% | 2.23% |
| Endurance TechnologiesAuto Components | 1.68% | 1.09% |
| InterGlobe AviationTransport Services | 0.99% | 2.87% |
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.