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14 of 90 unique stocks in common · Jaccard: 15.6%
A weighted portfolio overlap of 24.06% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.06 is allocated to the exact same companies at the same relative proportions. The schemes share 14 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 6.78% in Templeton India Value 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 Templeton |
|---|---|---|
| Axis BankBanks | 3.76% | 6.78% |
| HDFC BankBanks | 2.47% | 7.23% |
| Reliance IndustriesPetroleum Products | 2.27% | 6.01% |
| State Bank of IndiaBanks | 2.27% | 2.66% |
| Kirloskar Oil EnginesIndustrial Products | 2.52% | 2.08% |
| NTPCPower | 1.93% | 2.04% |
| CESCPower | 2.82% | 1.69% |
| IDFC First BankBanks | 1.59% | 2.03% |
| HCL TechnologiesIT - Software | 1.54% | 1.33% |
| Akums Drugs And PharmaceuticalsPharmaceuticals & Biotechnology | 1.30% | 1.51% |
| Tata Motors Passenger VehiclesAutomobiles | 1.11% | 2.08% |
| PNB Housing FinanceFinance | 2.77% | 1.06% |
| Maruti Suzuki IndiaAutomobiles | 1.01% | 3.27% |
| Balkrishna IndustriesAuto Components | 0.17% | 1.37% |
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.