LIC MF Banking & PSU Fund-Direct Plan-Growth vs Franklin India Banking & PSU Debt Fund - Direct - Growth — portfolio overlap
27.31% of these two portfolios is the same. A substantial shared core, which is normal for two funds in the same category — they are drawing from the same universe. The part that differs is what you are actually paying the second manager for.
Portfolio overlap
27.31%
Stocks held by both
13
Only in LIC Mutual Fund's fund
31
Only in Franklin Templeton Mutual Fund's fund
24
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 LIC Mutual Fund's | In Franklin Templeton Mutual Fund's | Shared |
|---|---|---|---|---|
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR V 7.83 BD 24NV28 FVRS1LAC | Financial | 3.22% | 4.34% | 3.22% |
| REC LIMITED SR 223B 7.46 BD 30JU28 FVRS1LAC | Financial | 3.07% | 4.18% | 3.07% |
| KOTAK MAHINDRA BANK LIMITED CD 08JAN27 | Financial | 2.96% | 4.31% | 2.96% |
| BANK OF BARODA CD 11JAN27 | Financial | 2.96% | 4.31% | 2.96% |
| ICICI BANK LIMITED CD 27JAN27 | Financial | 2.95% | 4.29% | 2.95% |
| INDIAN BANK CD 21JUN27 | Financial | 2.87% | 4.34% | 2.87% |
| CANARA BANK CD 28JAN27 | Financial | 2.95% | 2.50% | 2.50% |
| EXPORT IMPORT BANK OF INDIA SR-R-16 8.83 BD 03NV29 FVRS10LAC | Financial | 2.36% | 4.17% | 2.36% |
| REC LIMITED SR 257 TR A 7.28 BD 31AG29 FVRS1LAC | Financial | 1.54% | 3.82% | 1.54% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR VIII 7.49 BD 11JU29 FVRS1LAC | Financial | 1.53% | 3.41% | 1.53% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 11AUG27 | Financial | 0.85% | 1.82% | 0.85% |
| Others Class A2 AIF | Unspecified | 0.33% | 0.37% | 0.33% |
| 7.71% GOI 18-May-2066 | Entities | 1.32% | 0.17% | 0.17% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 49 and 40 holdings respectively — not live positions.