Loading fund overlap…
12 of 82 unique stocks in common · Jaccard: 14.6%
A weighted portfolio overlap of 21.66% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹21.66 is allocated to the exact same companies at the same relative proportions. The schemes share 12 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 8.25% in UTI Nifty 50 ETF. 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 UTI |
|---|---|---|
| Reliance IndustriesPetroleum Products | 4.65% | 8.25% |
| Axis BankBanks | 3.85% | 3.41% |
| State Bank of IndiaBanks | 3.28% | 3.70% |
| NTPCPower | 3.32% | 1.70% |
| EternalRetailing | 2.42% | 1.67% |
| Ultratech CementCement & Cement Products | 1.50% | 1.26% |
| Shriram FinanceFinance | 4.02% | 1.23% |
| Asian PaintsConsumer Durables | 3.12% | 1.12% |
| InterGlobe AviationTransport Services | 1.19% | 0.92% |
| HDFC BankBanks | 0.90% | 10.53% |
| SBI Life Insurance CompanyInsurance | 0.85% | 0.76% |
| Tata Motors Passenger VehiclesAutomobiles | 2.05% | 0.76% |
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.