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21 of 143 unique stocks in common · Jaccard: 14.7%
A weighted portfolio overlap of 21.61% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.61 is allocated to the exact same companies at the same relative proportions. The schemes share 21 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 3.41% in Franklin India Multi Asset Allocation Fund and 5.59% in ICICI Prudential Multi Asset Allocation Fund. Holding both schemes increases your concentration in HDFC 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 |
|---|---|---|
| HDFC BankBanks | 3.41% | 5.59% |
| ICICI BankBanks | 3.03% | 3.76% |
| Reliance IndustriesPetroleum Products | 2.85% | 3.26% |
| Axis BankBanks | 2.67% | 2.38% |
| Interglobe AviationTransport Services | 1.53% | 1.88% |
| InfosysIT - Software | 1.32% | 1.72% |
| Bharti AirtelTelecom - Services | 2.02% | 1.11% |
| State Bank of IndiaBanks | 3.49% | 0.94% |
| Larsen & ToubroConstruction | 2.29% | 0.85% |
| Hindustan UnileverDiversified FMCG | 0.82% | 1.51% |
| Tata SteelFerrous Metals | 1.20% | 0.67% |
| Oil & Natural Gas CorporationOil | 0.89% | 0.64% |
| Mahindra & MahindraAutomobiles | 2.09% | 0.43% |
| Hindalco IndustriesNon - Ferrous Metals | 1.04% | 0.31% |
| Britannia IndustriesFood Products | 1.48% | 0.29% |
| HCL TechnologiesIT - Software | 1.97% | 0.29% |
| TrentRetailing | 1.52% | 0.23% |
| Titan CompanyConsumer Durables | 1.01% | 0.15% |
| Syngene InternationalHealthcare Services | 0.21% | 0.13% |
| Bharat Petroleum CorporationPetroleum Products | 0.87% | 0.11% |
| Ultratech CementCement & Cement Products | 2.07% | 0.10% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.