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13 of 112 unique stocks in common · Jaccard: 11.6%
A weighted portfolio overlap of 20.84% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹20.84 is allocated to the exact same companies at the same relative proportions. The schemes share 13 common holdings.
The largest overlapping asset in their portfolios is Reliance Industries, which commands a weight of 4.65% in Franklin India Opportunities Fund and 5.41% in ICICI Prudential Large Cap 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 | 4.65% | 5.41% |
| Axis BankBanks | 3.85% | 4.67% |
| NTPCPower | 3.32% | 2.38% |
| Asian PaintsConsumer Durables | 3.12% | 2.02% |
| Ultratech CementCement & Cement Products | 1.50% | 2.69% |
| InterGlobe AviationTransport Services | 1.19% | 1.83% |
| Hindustan AeronauticsAerospace & Defense | 6.36% | 1.11% |
| State Bank of IndiaBanks | 3.28% | 1.02% |
| HDFC BankBanks | 0.90% | 8.46% |
| SBI Life Insurance CompanyInsurance | 0.85% | 1.09% |
| EternalRetailing | 2.42% | 0.54% |
| TVS Motor CompanyAutomobiles | 2.85% | 0.49% |
| Tata Motors Passenger VehiclesAutomobiles | 2.05% | 0.36% |
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.