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12 of 103 unique stocks in common · Jaccard: 11.7%
A weighted portfolio overlap of 15.77% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹15.77 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 Reliance Industries, which commands a weight of 2.83% in Franklin India Opportunities Fund and 3.53% in ICICI Prudential India Opportunities Fund. Holding both schemes increases your concentration in Reliance Industries 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 |
|---|---|---|
| Reliance IndustriesPetroleum Products | 2.83% | 3.53% |
| HDFC BankBanks | 2.78% | 8.56% |
| Axis BankBanks | 2.19% | 5.16% |
| NTPCPower | 2.52% | 1.72% |
| SBI Life Insurance CompanyInsurance | 1.33% | 2.79% |
| Tata CommunicationsTelecom - Services | 1.30% | 1.02% |
| Interglobe AviationTransport Services | 0.95% | 1.77% |
| TBO TekLeisure Services | 4.39% | 0.95% |
| Affle 3iIT - Services | 1.28% | 0.89% |
| Hindustan AeronauticsAerospace & Defense | 7.68% | 0.74% |
| PB FintechFinancial Technology (Fintech) | 2.10% | 0.27% |
| AIA EngineeringIndustrial Products | 3.03% | 0.11% |
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.