Franklin India Dividend Yield Fund vs HDFC Dividend Yield Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
28.1%
Moderate overlap
Some shared stocks, different bets.
19
Common stocks
22
Only in Franklin India Dividend Yield Fund
78
Only in HDFC Dividend Yield Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
19 common stocks
Franklin India Dividend Yield FundHDFC Dividend Yield Fund| Stock | Franklin India Dividend Yield Fund | HDFC Dividend Yield Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 4.46% | 5.58% | 4.46% |
| HDFC Bank LtdFinancial Services | 4.45% | 4.82% | 4.45% |
| State Bank Of IndiaFinancial Services | 6.04% | 2.09% | 2.09% |
| HCL Technologies LtdTechnology | 2.01% | 1.69% | 1.69% |
| NTPC LtdUtilities | 3.81% | 1.64% | 1.64% |
| Infosys LtdTechnology | 4.15% | 1.53% | 1.53% |
| Tata Consultancy Services LtdTechnology | 2.00% | 1.42% | 1.42% |
| Tata Steel LtdMaterials | 1.90% | 1.32% | 1.32% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.19% | 2.35% | 1.19% |
| Coal India LtdEnergy | 2.64% | 1.08% | 1.08% |
| ITC LtdConsumer Staples | 3.25% | 1.05% | 1.05% |
| Hindustan Unilever LtdConsumer Staples | 1.73% | 1.00% | 1.00% |
| Hindustan Petroleum Corporation LtdEnergy | 1.28% | 0.95% | 0.95% |
| Oil And Natural Gas Corporation LtdEnergy | 2.35% | 0.91% | 0.91% |
| CESC LtdUtilities | 1.80% | 0.78% | 0.78% |
| Hindustan Aeronautics LtdIndustrials | 1.90% | 0.73% | 0.73% |
| Gail (India) LtdEnergy | 0.80% | 0.64% | 0.64% |
| Bharat Electronics LtdIndustrials | 2.64% | 0.63% | 0.63% |
| NHPC LtdUtilities | 2.02% | 0.54% | 0.54% |
| Total | 50.42% | 30.75% | 28.10% |
Only in Franklin India Dividend Yield Fund
22 stocks, 33.2% of the fund
- Mediatek IncTechnology4.14%
- Bharat Petroleum Corpn. LtdEnergy2.54%
- Shriram Finance LtdFinancial Services2.29%
- Unilever PLC, (ADR)Consumer Staples2.09%
- HDFC Asset Management Company LtdFinancial Services2.07%
- Britannia Industries LtdConsumer Staples1.84%
- Indus Towers LtdCommunication Services1.71%
- Ajanta Pharma LtdHealthcare1.66%
- Akzo Nobel India LtdConsumer Discretionary1.60%
- Dr. Lal Pathlabs LtdHealthcare1.55%
Only in HDFC Dividend Yield Fund
78 stocks, 64.1% of the fund
- Axis Bank LtdFinancial Services3.72%
- Larsen & Toubro LtdIndustrials2.68%
- Bharti Airtel LtdCommunication Services2.55%
- Kotak Mahindra Bank LtdFinancial Services2.33%
- Reliance Industries LtdEnergy2.29%
- Tech Mahindra LtdTechnology2.26%
- Sun Pharmaceutical Industries LtdHealthcare2.20%
- Bajaj Auto LtdConsumer Discretionary2.13%
- SBI Life Insurance Company LtdFinancial Services1.87%
- Info Edge (India) LtdConsumer Discretionary1.70%
Check another pair
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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.