UTI Banking & PSU Debt Fund - Growth - Direct Plan vs Franklin India Banking & PSU Debt Fund - Direct - Growth — portfolio overlap
25.82% 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
25.82%
Stocks held by both
9
Only in UTI Mutual Fund's fund
29
Only in Franklin Templeton Mutual Fund's fund
26
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 UTI Mutual Fund's | In Franklin Templeton Mutual Fund's | Shared |
|---|---|---|---|---|
| UNION BANK OF INDIA CD 19JAN27 | Financial | 6.77% | 4.20% | 4.20% |
| AXIS BANK LIMITED SR 5 7.65 NCD 30JN27 FVRS10LAC | Financial | 3.80% | 4.65% | 3.80% |
| HDFC BANK LIMITED CD 22JAN27 | Financial | 3.38% | 3.46% | 3.38% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 22JAN27 | Financial | 3.38% | 3.46% | 3.38% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 29JAN27 | Financial | 3.38% | 3.43% | 3.38% |
| INDIAN BANK CD 12JAN27 | Financial | 3.05% | 4.37% | 3.05% |
| CANARA BANK CD 28JAN27 | Financial | 7.77% | 2.52% | 2.52% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 26FEB27 | Financial | 3.36% | 1.84% | 1.84% |
| Others Class A2 AIF | Unspecified | 0.26% | 0.37% | 0.26% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 44 and 37 holdings respectively — not live positions.