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10 of 129 unique stocks in common · Jaccard: 7.8%
A weighted portfolio overlap of 10.23% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.23 is allocated to the exact same companies at the same relative proportions. The schemes share 10 common holdings.
The largest overlapping asset in their portfolios is NTPC, which commands a weight of 3.32% in Franklin India Opportunities Fund and 2.05% in Nippon India Growth Fund. Holding both schemes increases your concentration in NTPC 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 |
|---|---|---|
| NTPCPower | 3.32% | 2.05% |
| EternalRetailing | 2.42% | 1.77% |
| Hindustan AeronauticsAerospace & Defense | 6.36% | 1.22% |
| InterGlobe AviationTransport Services | 1.19% | 1.19% |
| Indus TowersTelecom - Services | 1.17% | 1.46% |
| Axis BankBanks | 3.85% | 0.91% |
| MphasisIT - Software | 1.58% | 0.75% |
| Deepak NitriteChemicals & Petrochemicals | 0.65% | 0.54% |
| Tata CommunicationsTelecom - Services | 1.65% | 0.38% |
| Affle 3iIT - Services | 1.30% | 0.25% |
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.