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8 of 64 unique stocks in common · Jaccard: 12.5%
A weighted portfolio overlap of 18.39% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹18.39 is allocated to the exact same companies at the same relative proportions. The schemes share 8 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 6.68% in ICICI Prudential Focused Equity 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 ICICI |
|---|---|---|
| Axis BankBanks | 3.85% | 6.68% |
| Hindustan AeronauticsAerospace & Defense | 6.36% | 3.30% |
| TVS Motor CompanyAutomobiles | 2.85% | 5.21% |
| EternalRetailing | 2.42% | 2.66% |
| Tata Motors Passenger VehiclesAutomobiles | 2.05% | 2.58% |
| MphasisIT - Software | 1.58% | 3.23% |
| NTPCPower | 3.32% | 1.45% |
| HDFC BankBanks | 0.90% | 4.95% |
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.