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22 of 103 unique stocks in common · Jaccard: 21.4%
A weighted portfolio overlap of 24.59% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹24.59 is allocated to the exact same companies at the same relative proportions. The schemes share 22 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 4.99% in Franklin India Multi-Factor Fund and 9.70% in SBI Quant Fund. Holding both schemes increases your concentration in ICICI 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 SBI |
|---|---|---|
| ICICI BankBanks | 4.99% | 9.70% |
| Eicher MotorsAutomobiles | 1.59% | 5.45% |
| HDFC BankBanks | 5.89% | 1.53% |
| Bajaj FinanceFinance | 1.46% | 6.38% |
| Nestle IndiaFood Products | 1.44% | 5.64% |
| Asian PaintsConsumer Durables | 1.42% | 5.61% |
| Bajaj AutoAutomobiles | 1.37% | 5.79% |
| Hero MotoCorpAutomobiles | 1.31% | 5.15% |
| Cummins IndiaIndustrial Products | 1.25% | 1.20% |
| Aurobindo PharmaPharmaceuticals & Biotechnology | 1.05% | 2.85% |
| Pidilite IndustriesChemicals & Petrochemicals | 1.05% | 2.25% |
| Oracle Financial Services SoftwareIT - Software | 0.99% | 2.76% |
| Power Finance CorporationFinance | 0.85% | 1.23% |
| MaricoAgricultural Food & Other Products | 0.80% | 3.78% |
| Tech MahindraIT - Software | 0.80% | 5.65% |
| The Federal BankBanks | 0.75% | 3.69% |
| Polycab IndiaIndustrial Products | 0.57% | 2.26% |
| NMDCMinerals & Mining | 0.39% | 2.61% |
| HDFC Asset Management CompanyCapital Markets | 0.77% | 0.39% |
| Shriram FinanceFinance | 0.34% | 4.39% |
| Reliance IndustriesPetroleum Products | 4.30% | 0.22% |
| General Insurance Corporation of IndiaInsurance | 0.67% | 0.09% |
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 Aug 2026). Equity holdings only, ISIN-verified. Not investment advice.