How much do Franklin India Small Cap Fund ^ and Nippon India Flexi Cap Fund overlap?

They share 15 common holdings, a weighted portfolio overlap of about 10.54% (low overlap — mostly different holdings), as on May 2026. Information only, not investment advice.

What does 10.54% overlap mean?

Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Fund overlap

Franklin India Small Cap Fund ^ vs Nippon India Flexi Cap Fund

Franklin Templeton MF · Small CapNippon India MF · Flexi Cap· as on May 2026

Weighted portfolio overlap

10.54%

Low overlap

Common

Only Franklin

Only Nippon

15 of 161 unique stocks in common · Jaccard: 9.3%

Overlap Analysis & Diversification Assessment

A weighted portfolio overlap of 10.54% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹10.54 is allocated to the exact same companies at the same relative proportions. The schemes share 15 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 3.32% in Nippon India Flexi 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).

Common holdings

Stock	in Franklin	in Nippon
Axis BankBanks	1.40%	3.32%
HDFC BankBanks	1.28%	6.53%
Finolex CablesIndustrial Products	1.36%	1.18%
Kirloskar Oil EnginesIndustrial Products	2.28%	0.97%
Zensar TechnologiesIT - Software	1.49%	0.89%
DelhiveryTransport Services	0.87%	0.84%
Electronics Mart IndiaRetailing	0.79%	2.52%
CESCPower	1.76%	0.65%
Crompton Greaves Consumer ElectricalsConsumer Durables	1.63%	0.48%
Greenpanel IndustriesConsumer Durables	0.47%	0.62%
Medplus Health ServicesRetailing	1.53%	0.46%
JB Chemicals & PharmaceuticalsPharmaceuticals & Biotechnology	0.41%	1.48%
Equitas Small Finance BankBanks	2.44%	0.32%
MTAR TechnologiesElectrical Equipment	2.23%	0.30%
Syngene InternationalHealthcare Services	0.44%	0.11%

FAQ

How much do Franklin India Small Cap Fund ^ and Nippon India Flexi Cap Fund overlap?: They share 15 common holdings, a weighted portfolio overlap of about 10.54% (low overlap — mostly different holdings), as on May 2026. Information only, not investment advice.
What does 10.54% overlap mean?: Weighted overlap sums the smaller of the two weights for each shared stock, so it approximates how much of the two portfolios coincide. Higher overlap means holding both funds adds less diversification.

Related comparisons

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.