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41 of 133 unique stocks in common · Jaccard: 30.8%
A weighted portfolio overlap of 49.38% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹49.38 is allocated to the exact same companies at the same relative proportions. The schemes share 41 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 8.46% in ICICI Prudential Large 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 ICICI |
|---|---|---|
| HDFC BankBanks | 6.33% | 8.46% |
| Reliance IndustriesPetroleum Products | 5.11% | 5.41% |
| ICICI BankBanks | 4.63% | 8.72% |
| Bharti AirtelTelecom - Services | 3.60% | 4.34% |
| Larsen & ToubroConstruction | 3.07% | 5.38% |
| InfosysIT - Software | 2.94% | 3.60% |
| NTPCPower | 1.92% | 2.38% |
| Axis BankBanks | 1.90% | 4.67% |
| Sun Pharmaceutical IndustriesPharmaceuticals & Biotechnology | 1.42% | 2.65% |
| Hero MotoCorpAutomobiles | 1.23% | 1.59% |
| Kotak Mahindra BankBanks | 1.98% | 1.21% |
| Power Grid Corporation of IndiaPower | 1.10% | 1.08% |
| Maruti Suzuki IndiaAutomobiles | 1.03% | 3.55% |
| State Bank of IndiaBanks | 2.09% | 1.02% |
| ITCDiversified FMCG | 2.07% | 0.94% |
| Oil & Natural Gas CorporationOil | 0.93% | 1.25% |
| Britannia IndustriesFood Products | 1.19% | 0.91% |
| Cummins IndiaIndustrial Products | 1.59% | 0.91% |
| Mahindra & MahindraAutomobiles | 0.90% | 2.34% |
| Dr. Reddy's LaboratoriesPharmaceuticals & Biotechnology | 0.98% | 0.87% |
| Tata MotorsAgricultural, Commercial & Construction Vehicles | 0.70% | 0.68% |
| Eicher MotorsAutomobiles | 1.53% | 0.62% |
| Asian PaintsConsumer Durables | 0.60% | 2.02% |
| Ultratech CementCement & Cement Products | 0.54% | 2.69% |
| ICICI Prudential Life Insurance CompanyInsurance | 0.54% | 1.08% |
| EternalRetailing | 0.47% | 0.54% |
| HCL TechnologiesIT - Software | 1.29% | 0.47% |
| Tata SteelFerrous Metals | 1.00% | 0.43% |
| Titan CompanyConsumer Durables | 1.86% | 0.43% |
| Hindustan UnileverDiversified FMCG | 0.38% | 0.83% |
| United SpiritsBeverages | 0.38% | 0.97% |
| Tata Motors Passenger VehiclesAutomobiles | 1.30% | 0.36% |
| Life Insurance Corporation of IndiaInsurance | 0.94% | 0.29% |
| VedantaDiversified Metals | 0.70% | 0.29% |
| Bharat Petroleum CorporationPetroleum Products | 0.21% | 0.60% |
| LupinPharmaceuticals & Biotechnology | 0.99% | 0.19% |
| Malco EnergyOil | 0.45% | 0.13% |
| Talwandi Sabo PowerPower | 0.26% | 0.13% |
| Vedanta Aluminium MetalNon - Ferrous Metals | 0.15% | 0.13% |
| Vedanta Iron And SteelFerrous Metals | 0.14% | 0.13% |
| Indian Oil CorporationPetroleum Products | 0.20% | 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.