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14 of 88 unique stocks in common · Jaccard: 15.9%
A weighted portfolio overlap of 20.34% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.34 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 5.25% in UTI - Equity Savings 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 UTI |
|---|---|---|
| Axis BankBanks | 3.76% | 5.25% |
| Kotak Mahindra BankBanks | 2.51% | 2.88% |
| HDFC BankBanks | 2.47% | 3.86% |
| State Bank of IndiaBanks | 2.27% | 3.04% |
| Reliance IndustriesPetroleum Products | 2.27% | 1.76% |
| Bharti AirtelTelecom - Services | 1.52% | 3.63% |
| HCL TechnologiesIT - Software | 1.54% | 1.05% |
| Maruti Suzuki IndiaAutomobiles | 1.01% | 2.51% |
| Mahindra & MahindraAutomobiles | 0.92% | 3.36% |
| NTPCPower | 1.93% | 0.92% |
| InterGlobe AviationTransport Services | 1.54% | 0.78% |
| Tata Power CompanyPower | 1.44% | 0.77% |
| Hindustan AeronauticsAerospace & Defense | 4.74% | 0.54% |
| Dabur IndiaPersonal Products | 1.49% | 0.06% |
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.