Franklin India Dividend Yield Fund vs ICICI Prudential Dividend Yield Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
26.2%
Moderate overlap
Some shared stocks, different bets.
18
Common stocks
23
Only in Franklin India Dividend Yield Fund
50
Only in ICICI Prudential Dividend Yield Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
18 common stocks
Franklin India Dividend Yield FundICICI Prudential Dividend Yield Fund| Stock | Franklin India Dividend Yield Fund | ICICI Prudential Dividend Yield Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 4.46% | 6.70% | 4.46% |
| HDFC Bank LtdFinancial Services | 4.45% | 6.93% | 4.45% |
| NTPC LtdUtilities | 3.81% | 3.34% | 3.34% |
| Tata Consultancy Services LtdTechnology | 2.00% | 2.23% | 2.00% |
| Britannia Industries LtdConsumer Staples | 1.84% | 1.80% | 1.80% |
| State Bank Of IndiaFinancial Services | 6.04% | 1.37% | 1.37% |
| Hindustan Unilever LtdConsumer Staples | 1.73% | 1.31% | 1.31% |
| Oil And Natural Gas Corporation LtdEnergy | 2.35% | 1.26% | 1.26% |
| Maruti Suzuki India LtdConsumer Discretionary | 1.19% | 3.25% | 1.19% |
| Infosys LtdTechnology | 4.15% | 1.18% | 1.18% |
| Bharat Petroleum Corpn. LtdEnergy | 2.54% | 0.70% | 0.70% |
| Tata Steel LtdMaterials | 1.90% | 0.67% | 0.67% |
| ITC LtdConsumer Staples | 3.25% | 0.64% | 0.64% |
| Power Grid Corporation Of India LtdUtilities | 1.21% | 0.62% | 0.62% |
| Indus Towers LtdCommunication Services | 1.71% | 0.40% | 0.40% |
| Motherson Sumi Wiring India LtdConsumer Discretionary | 0.97% | 0.39% | 0.39% |
| CESC LtdUtilities | 1.80% | 0.38% | 0.38% |
| Chambal Fertilisers & Chemicals LtdAgriculture | 1.04% | 0.07% | 0.07% |
| Total | 46.44% | 33.24% | 26.23% |
Only in Franklin India Dividend Yield Fund
23 stocks, 37.1% of the fund
- Mediatek IncTechnology4.14%
- Bharat Electronics LtdIndustrials2.64%
- Coal India LtdEnergy2.64%
- Shriram Finance LtdFinancial Services2.29%
- Unilever PLC, (ADR)Consumer Staples2.09%
- HDFC Asset Management Company LtdFinancial Services2.07%
- NHPC LtdUtilities2.02%
- HCL Technologies LtdTechnology2.01%
- Hindustan Aeronautics LtdIndustrials1.90%
- Ajanta Pharma LtdHealthcare1.66%
Only in ICICI Prudential Dividend Yield Fund
50 stocks, 60.8% of the fund
- Sun Pharmaceutical Industries LtdHealthcare5.40%
- Axis Bank LtdFinancial Services4.32%
- Reliance Industries LtdEnergy3.91%
- Interglobe Aviation LtdTransportation & Logistics3.16%
- Larsen & Toubro LtdIndustrials3.00%
- Bharti Airtel LtdCommunication Services2.48%
- Ultratech Cement LtdMaterials2.35%
- Life Insurance Corporation Of IndiaFinancial Services2.30%
- Cummins India LtdIndustrials2.29%
- Avenue Supermarts LtdConsumer Discretionary2.18%
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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.