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25 of 157 unique stocks in common · Jaccard: 15.9%
A weighted portfolio overlap of 38.57% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹38.57 is allocated to the exact same companies at the same relative proportions. The schemes share 25 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 7.09% in ICICI Prudential ELSS Tax Saver 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 ICICI |
|---|---|---|
| HDFC BankBanks | 6.33% | 7.09% |
| Reliance IndustriesPetroleum Products | 5.11% | 5.49% |
| ICICI BankBanks | 4.63% | 7.43% |
| Larsen & ToubroConstruction | 3.07% | 4.90% |
| Bharti AirtelTelecom - Services | 3.60% | 2.51% |
| NTPCPower | 1.92% | 3.70% |
| Axis BankBanks | 1.90% | 6.21% |
| InfosysIT - Software | 2.94% | 1.85% |
| State Bank of IndiaBanks | 2.09% | 1.48% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.42% | 5.50% |
| Tata Consultancy ServicesIT - Software | 1.35% | 1.09% |
| Samvardhana Motherson InternationalAuto Components | 1.19% | 1.07% |
| Maruti Suzuki IndiaAutomobiles | 1.03% | 3.58% |
| RECFinance | 0.86% | 1.14% |
| Oil & Natural Gas CorporationOil | 0.93% | 0.68% |
| Mahindra & MahindraAutomobiles | 0.90% | 0.58% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.70% | 0.54% |
| Ultratech CementCement & Cement Products | 0.54% | 1.93% |
| EternalRetailing | 0.47% | 1.58% |
| Hindustan UnileverDiversified FMCG | 0.38% | 0.83% |
| ITCDiversified FMCG | 2.07% | 0.37% |
| Akums Drugs And PharmaceuticalsPharmaceuticals & Biotechnology | 0.28% | 0.66% |
| FSN E-Commerce VenturesRetailing | 1.14% | 0.23% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 0.81% | 0.13% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.54% | 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 May 2026). Equity holdings only, ISIN-verified. Not investment advice.