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24 of 134 unique stocks in common · Jaccard: 17.9%
A weighted portfolio overlap of 37.38% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹37.38 is allocated to the exact same companies at the same relative proportions. The schemes share 24 common holdings.
The largest overlapping asset in their portfolios is HDFC Bank, which commands a weight of 6.33% in Franklin India Multi-Factor Fund and 6.48% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in HDFC 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 HDFC |
|---|---|---|
| HDFC BankBanks | 6.33% | 6.48% |
| ICICI BankBanks | 4.63% | 8.83% |
| Larsen & ToubroConstruction | 3.07% | 3.55% |
| Bharti AirtelTelecom - Services | 3.60% | 2.96% |
| State Bank of IndiaBanks | 2.09% | 4.22% |
| Reliance IndustriesPetroleum Products | 5.11% | 2.01% |
| Kotak Mahindra BankBanks | 1.98% | 3.43% |
| Axis BankBanks | 1.90% | 6.84% |
| Eicher MotorsAutomobiles | 1.53% | 2.46% |
| InfosysIT - Software | 2.94% | 1.32% |
| HCL TechnologiesIT - Software | 1.29% | 2.47% |
| Power Grid Corporation of IndiaPower | 1.10% | 2.51% |
| Maruti Suzuki IndiaAutomobiles | 1.03% | 2.91% |
| Tata SteelFerrous Metals | 1.00% | 1.30% |
| FSN E-Commerce VenturesRetailing | 1.14% | 0.80% |
| Britannia IndustriesFood Products | 1.19% | 0.77% |
| LupinPharmaceuticals & Biotechnology | 0.99% | 0.74% |
| Bank of BarodaBanks | 1.19% | 0.69% |
| Oil & Natural Gas CorporationOil | 0.93% | 0.58% |
| EternalRetailing | 0.47% | 2.73% |
| BSECapital Markets | 0.57% | 0.44% |
| United SpiritsBeverages | 0.38% | 0.72% |
| Hindustan Petroleum CorporationPetroleum Products | 0.45% | 0.25% |
| Bharat ElectronicsAerospace & Defense | 1.47% | 0.02% |
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.