Axis Focused Fund vs Franklin India Focused Equity Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
37.0%
Moderate overlap
Some shared stocks, different bets.
10
Common stocks
18
Only in Axis Focused Fund
18
Only in Franklin India Focused Equity Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
10 common stocks
Axis Focused FundFranklin India Focused Equity Fund| Stock | Axis Focused Fund | Franklin India Focused Equity Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 8.21% | 8.53% | 8.21% |
| Zomato LtdConsumer Discretionary | 7.47% | 6.70% | 6.70% |
| PB Fintech LtdTechnology | 4.18% | 3.95% | 3.95% |
| Interglobe Aviation LtdTransportation & Logistics | 3.43% | 3.48% | 3.43% |
| Axis Bank LtdFinancial Services | 3.15% | 7.34% | 3.15% |
| HDFC Bank LtdFinancial Services | 2.94% | 7.95% | 2.94% |
| Hindustan Aeronautics LtdIndustrials | 2.75% | 2.55% | 2.55% |
| Bharti Airtel LtdCommunication Services | 2.45% | 5.51% | 2.45% |
| Infosys LtdTechnology | 2.25% | 2.66% | 2.25% |
| Apollo Hospitals Enterprises LtdHealthcare | 5.20% | 1.35% | 1.35% |
| Total | 42.03% | 50.02% | 36.98% |
Only in Axis Focused Fund
18 stocks, 52.9% of the fund
- Divi'S Laboratories LtdHealthcare6.17%
- Cholamandalam Investment and Finance Company LtdFinancial Services5.40%
- Bajaj Finance LtdFinancial Services5.40%
- Apar Industries LtdIndustrials4.69%
- TVS Motor Company LtdConsumer Discretionary4.39%
- State Bank Of IndiaFinancial Services4.27%
- Mahindra & Mahindra LtdConsumer Discretionary3.50%
- Cummins India LtdIndustrials2.75%
- Titan Company LtdConsumer Discretionary2.37%
- CG Power And Industrial Solutions LtdIndustrials2.12%
Only in Franklin India Focused Equity Fund
18 stocks, 45.9% of the fund
- Reliance Industries LtdEnergy5.55%
- Tata Consultancy Services LtdTechnology5.10%
- Sun Pharmaceutical Industries LtdHealthcare5.09%
- Maruti Suzuki India LtdConsumer Discretionary3.63%
- Indian Hotels Co. LtdConsumer Discretionary2.76%
- Sobha LtdReal Estate2.73%
- Shriram Finance LtdFinancial Services2.65%
- KEI Industries LtdIndustrials2.49%
- 360 One Wam LtdFinancial Services2.25%
- Delhivery LtdTransportation & Logistics2.10%
Check another pair
More Focused pairs
What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.