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19 of 153 unique stocks in common · Jaccard: 12.4%
A weighted portfolio overlap of 17.12% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹17.12 is allocated to the exact same companies at the same relative proportions. The schemes share 19 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 3.27% in Franklin India Multi Cap Fund and 5.14% in Nippon India Multi 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 Nippon |
|---|---|---|
| Axis BankBanks | 3.27% | 5.14% |
| HDFC BankBanks | 2.37% | 6.64% |
| Reliance IndustriesPetroleum Products | 2.04% | 1.72% |
| NTPCPower | 1.52% | 1.73% |
| Samvardhana Motherson InternationalAuto Components | 1.05% | 1.77% |
| Dixon Technologies (India)Consumer Durables | 3.35% | 1.00% |
| PB FintechFinancial Technology (Fintech) | 1.18% | 0.89% |
| SBI Cards & Payment ServicesFinance | 1.74% | 0.75% |
| Balkrishna IndustriesAuto Components | 0.75% | 0.95% |
| CiplaPharmaceuticals & Biotechnology | 2.01% | 0.59% |
| Container Corporation of IndiaTransport Services | 0.55% | 0.55% |
| ICICI Lombard General Insurance CompanyInsurance | 2.22% | 0.55% |
| Interglobe AviationTransport Services | 0.99% | 0.46% |
| Timken IndiaIndustrial Products | 2.84% | 0.43% |
| JK CementCement & Cement Products | 1.45% | 0.41% |
| CESCPower | 1.97% | 0.38% |
| Cyient DlmAerospace & Defense | 3.63% | 0.20% |
| Page IndustriesTextiles & Apparels | 0.12% | 0.81% |
| Piramal FinanceFinance | 2.15% | 0.11% |
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.