Loading fund overlap…
8 of 160 unique stocks in common · Jaccard: 5%
A weighted portfolio overlap of 6.28% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹6.28 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is Axis Bank, which commands a weight of 1.40% in Franklin India Small Cap Fund ^ and 4.67% in ICICI Prudential Large Cap 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 ICICI |
|---|---|---|
| Axis BankBanks | 1.40% | 4.67% |
| HDFC BankBanks | 1.28% | 8.46% |
| Hindustan AeronauticsAerospace & Defense | 1.66% | 1.11% |
| Kotak Mahindra BankBanks | 1.05% | 1.21% |
| Tata Power CompanyPower | 1.08% | 0.60% |
| Tata SteelFerrous Metals | 1.28% | 0.43% |
| CiplaPharmaceuticals & Biotechnology | 0.70% | 0.33% |
| Hexaware TechnologiesIT - Software | 1.40% | 0.07% |
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.