Loading fund overlap…
11 of 94 unique stocks in common · Jaccard: 11.7%
A weighted portfolio overlap of 19.58% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹19.58 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 Reliance Industries, which commands a weight of 4.65% in Franklin India Opportunities Fund and 3.95% in Tata ELSS 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 Tata |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.65% | 3.95% |
| State Bank of IndiaBanks | 3.28% | 4.36% |
| NTPCPower | 3.32% | 2.96% |
| PB FintechFinancial Technology (Fintech) | 2.12% | 2.51% |
| Ultratech CementCement & Cement Products | 1.50% | 1.78% |
| EternalRetailing | 2.42% | 1.13% |
| Amber Enterprises IndiaConsumer Durables | 2.21% | 1.06% |
| PricolAuto Components | 1.01% | 2.09% |
| HDFC BankBanks | 0.90% | 5.52% |
| SBI Life Insurance CompanyInsurance | 0.85% | 1.22% |
| InterGlobe AviationTransport Services | 1.19% | 0.83% |
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.