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23 of 127 unique stocks in common · Jaccard: 18.1%
A weighted portfolio overlap of 39.58% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹39.58 is allocated to the exact same companies at the same relative proportions. The schemes share 23 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 6.15% in Nippon India Retirement Fund - Wealth Creation Scheme. 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 Nippon |
|---|---|---|
| HDFC BankBanks | 6.33% | 6.15% |
| Reliance IndustriesPetroleum Products | 5.11% | 6.64% |
| ICICI BankBanks | 4.63% | 7.44% |
| Larsen & ToubroConstruction | 3.07% | 3.20% |
| InfosysIT - Software | 2.94% | 2.30% |
| State Bank of IndiaBanks | 2.09% | 2.67% |
| NTPCPower | 1.92% | 2.47% |
| Axis BankBanks | 1.90% | 3.63% |
| Tata Consultancy ServicesIT - Software | 1.35% | 3.62% |
| Hindalco IndustriesNon - Ferrous Metals | 1.23% | 1.25% |
| Samvardhana Motherson InternationalAuto Components | 1.19% | 1.49% |
| Titan CompanyConsumer Durables | 1.86% | 1.16% |
| Cummins IndiaIndustrial Products | 1.59% | 1.07% |
| Indus TowersTelecom - Services | 1.12% | 0.98% |
| Power Finance CorporationFinance | 0.88% | 1.32% |
| Bharat ForgeAuto Components | 0.92% | 0.82% |
| FSN E-Commerce VenturesRetailing | 1.14% | 0.69% |
| LupinPharmaceuticals & Biotechnology | 0.99% | 0.69% |
| BSECapital Markets | 0.57% | 1.35% |
| Ultratech CementCement & Cement Products | 0.54% | 1.45% |
| EternalRetailing | 0.47% | 2.19% |
| Hindustan UnileverDiversified FMCG | 0.38% | 1.80% |
| Aditya Birla Sun Life AMCCapital Markets | 0.38% | 0.65% |
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.