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12 of 97 unique stocks in common · Jaccard: 12.4%
A weighted portfolio overlap of 18.18% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.18 is allocated to the exact same companies at the same relative proportions. The schemes share 12 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 3.85% in Franklin India Opportunities Fund and 6.84% in HDFC Flexi Cap Fund. Holding both schemes increases your concentration in Axis 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 |
|---|---|---|
| Axis BankBanks | 3.85% | 6.84% |
| State Bank of IndiaBanks | 3.28% | 4.22% |
| EternalRetailing | 2.42% | 2.73% |
| Reliance IndustriesPetroleum Products | 4.65% | 2.01% |
| Piramal PharmaPharmaceuticals & Biotechnology | 1.22% | 1.53% |
| InterGlobe AviationTransport Services | 1.19% | 2.79% |
| PB FintechFinancial Technology (Fintech) | 2.12% | 1.18% |
| HDFC BankBanks | 0.90% | 6.48% |
| SBI Life Insurance CompanyInsurance | 0.85% | 3.76% |
| Aster DM HealthcareHealthcare Services | 1.92% | 0.64% |
| Metropolis HealthcareHealthcare Services | 1.60% | 0.35% |
| TVS Motor CompanyAutomobiles | 2.85% | 0.29% |
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.