Franklin India Floating Rate Fund - Direct - Growth vs Axis Floater Fund - Direct Plan - Growth — portfolio overlap
16.38% of these two portfolios is the same. A modest shared core. The two portfolios are largely distinct, so holding both does broaden your exposure.
Portfolio overlap
16.38%
Stocks held by both
4
Only in Franklin Templeton Mutual Fund's fund
10
Only in Axis Mutual Fund's fund
23
Overlap is weighted: for every stock both funds hold, we take the smaller of the two weights and add them up. So two funds each holding 5% of the same stock overlap by 5 points, not 10. Cash and equivalents (repo, TREPS, receivables) are excluded — nearly every fund holds them, and shared cash is not shared conviction.
Stocks both funds hold
| Stock | Sector | In Franklin Templeton Mutual Fund's | In Axis Mutual Fund's | Shared |
|---|---|---|---|---|
| GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 | Entities | 8.82% | 7.65% | 7.65% |
| JUBILANT BEVCO LIMITED NCD 31MY28 FVRS1LAC | Consumer Staples | 8.40% | 4.19% | 4.19% |
| JUBILANT BEVERAGES LIMITED NCD 31MY28 FVRS1LAC | Consumer Staples | 8.11% | 4.17% | 4.17% |
| Others Class A2 AIF | Unspecified | 0.38% | 1.03% | 0.38% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 16 and 29 holdings respectively — not live positions.