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11 of 92 unique stocks in common · Jaccard: 12%
A weighted portfolio overlap of 16.81% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.81 is allocated to the exact same companies at the same relative proportions. The schemes share 11 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 2.88% in Lic Mf Dividend Yield 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 Lic |
|---|---|---|
| Axis BankBanks | 3.85% | 2.88% |
| NTPCPower | 3.32% | 2.63% |
| Shriram FinanceFinance | 4.02% | 1.84% |
| Tata Motors Passenger VehiclesAutomobiles | 2.05% | 1.76% |
| Tata CommunicationsTelecom - Services | 1.65% | 1.90% |
| InterGlobe AviationTransport Services | 1.19% | 1.96% |
| Hindustan AeronauticsAerospace & Defense | 6.36% | 1.14% |
| PricolAuto Components | 1.01% | 1.44% |
| Ujjivan Small Finance BankBanks | 1.68% | 0.95% |
| HDFC BankBanks | 0.90% | 5.32% |
| MphasisIT - Software | 1.58% | 0.87% |
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.