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20 of 118 unique stocks in common · Jaccard: 16.9%
A weighted portfolio overlap of 24.82% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.82 is allocated to the exact same companies at the same relative proportions. The schemes share 20 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 4.67% in ICICI Prudential Large 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 ICICI |
|---|---|---|
| Axis BankBanks | 3.76% | 4.67% |
| HDFC BankBanks | 2.47% | 8.46% |
| Ultratech CementCement & Cement Products | 2.40% | 2.69% |
| Reliance IndustriesPetroleum Products | 2.27% | 5.41% |
| NTPCPower | 1.93% | 2.38% |
| InterGlobe AviationTransport Services | 1.54% | 1.83% |
| Bharti AirtelTelecom - Services | 1.52% | 4.34% |
| Kotak Mahindra BankBanks | 2.51% | 1.21% |
| Hindustan AeronauticsAerospace & Defense | 4.74% | 1.11% |
| State Bank of IndiaBanks | 2.27% | 1.02% |
| Maruti Suzuki IndiaAutomobiles | 1.01% | 3.55% |
| Mahindra & MahindraAutomobiles | 0.92% | 2.34% |
| Cummins IndiaIndustrial Products | 2.00% | 0.91% |
| Page IndustriesTextiles & Apparels | 1.00% | 0.62% |
| Tata Power CompanyPower | 1.44% | 0.60% |
| HCL TechnologiesIT - Software | 1.54% | 0.47% |
| ICICI Lombard General Insurance CompanyInsurance | 0.96% | 0.40% |
| Tata Motors Passenger VehiclesAutomobiles | 1.11% | 0.36% |
| Container Corporation of IndiaTransport Services | 0.54% | 0.24% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.85% | 0.08% |
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.