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15 of 99 unique stocks in common · Jaccard: 15.2%
A weighted portfolio overlap of 23.79% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹23.79 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 3.63% in Nippon India Retirement Fund - Wealth Creation Scheme. 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 | 3.76% | 3.63% |
| HDFC BankBanks | 2.47% | 6.15% |
| Reliance IndustriesPetroleum Products | 2.27% | 6.64% |
| State Bank of IndiaBanks | 2.27% | 2.67% |
| Cyient DLMAerospace & Defense | 1.97% | 2.13% |
| NTPCPower | 1.93% | 2.47% |
| Dixon Technologies (India)Consumer Durables | 1.55% | 1.89% |
| Ultratech CementCement & Cement Products | 2.40% | 1.45% |
| Sona BLW Precision ForgingsAuto Components | 1.20% | 1.21% |
| Hindustan AeronauticsAerospace & Defense | 4.74% | 1.15% |
| Cummins IndiaIndustrial Products | 2.00% | 1.07% |
| ICICI Lombard General Insurance CompanyInsurance | 0.96% | 1.94% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.85% | 1.06% |
| Container Corporation of IndiaTransport Services | 0.54% | 1.30% |
| Dabur IndiaPersonal Products | 1.49% | 0.49% |
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.