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15 of 107 unique stocks in common · Jaccard: 14%
A weighted portfolio overlap of 22.19% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹22.19 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 Axis Bank, which commands a weight of 3.76% in Franklin India Multi Cap Fund and 6.84% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in Axis 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 |
|---|---|---|
| Axis BankBanks | 3.76% | 6.84% |
| Kotak Mahindra BankBanks | 2.51% | 3.43% |
| HDFC BankBanks | 2.47% | 6.48% |
| State Bank of IndiaBanks | 2.27% | 4.22% |
| Reliance IndustriesPetroleum Products | 2.27% | 2.01% |
| HCL TechnologiesIT - Software | 1.54% | 2.47% |
| InterGlobe AviationTransport Services | 1.54% | 2.79% |
| Bharti AirtelTelecom - Services | 1.52% | 2.96% |
| PB FintechFinancial Technology (Fintech) | 1.16% | 1.18% |
| Maruti Suzuki IndiaAutomobiles | 1.01% | 2.91% |
| Aster DM HealthcareHealthcare Services | 0.92% | 0.64% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.85% | 0.58% |
| Piramal PharmaPharmaceuticals & Biotechnology | 0.58% | 1.53% |
| Dixon Technologies (India)Consumer Durables | 1.55% | 0.36% |
| Hindustan Petroleum CorporationPetroleum Products | 2.06% | 0.25% |
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.