Loading fund overlap…
13 of 120 unique stocks in common · Jaccard: 10.8%
A weighted portfolio overlap of 19.53% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.53 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 3.41% in Nippon India Flexi 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 Nippon |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.65% | 3.41% |
| Axis BankBanks | 3.85% | 3.32% |
| NTPCPower | 3.32% | 2.30% |
| State Bank of IndiaBanks | 3.28% | 1.85% |
| Ultratech CementCement & Cement Products | 1.50% | 1.92% |
| Finolex CablesIndustrial Products | 2.56% | 1.18% |
| Mankind PharmaPharmaceuticals & Biotechnology | 3.10% | 1.10% |
| Tata Motors Passenger VehiclesAutomobiles | 2.05% | 0.98% |
| Kirloskar Oil EnginesIndustrial Products | 2.85% | 0.97% |
| HDFC BankBanks | 0.90% | 6.53% |
| SBI Life Insurance CompanyInsurance | 0.85% | 1.77% |
| Zensar TechnologiesIT - Software | 0.61% | 0.89% |
| InterGlobe AviationTransport Services | 1.19% | 0.57% |
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.