Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan - Growth Option vs Axis Balanced Advantage Fund - Direct Plan - Growth — portfolio overlap
31.35% 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
31.35%
Stocks held by both
50
Only in Aditya Birla Sun Life Mutual Fund's fund
91
Only in Axis Mutual Fund's fund
106
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— top 25 of 50, by shared weight
| Stock | Sector | In Aditya Birla Sun Life Mutual Fund's | In Axis Mutual Fund's | Shared |
|---|---|---|---|---|
| ICICI Bank Ltd | Financial | 3.82% | 5.81% | 3.82% |
| HDFC Bank Ltd | Financial | 2.67% | 5.65% | 2.67% |
| Kotak Mahindra Bank Ltd | Financial | 2.95% | 2.39% | 2.39% |
| Reliance Industries Ltd | Energy & Utilities | 2.00% | 4.43% | 2.00% |
| State Bank of India | Financial | 1.94% | 3.26% | 1.94% |
| Axis Bank Ltd | Financial | 1.68% | 1.53% | 1.53% |
| Infosys Ltd | Technology | 1.49% | 2.20% | 1.49% |
| Bharti Airtel Ltd | Technology | 1.07% | 2.38% | 1.07% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LAC | Financial | 1.02% | 1.78% | 1.02% |
| Larsen & Toubro Ltd | Industrials | 0.96% | 2.20% | 0.96% |
| Embassy Office Parks REIT | Real Estate | 1.09% | 0.96% | 0.96% |
| Samvardhana Motherson International Ltd | Consumer Discretionary | 1.23% | 0.89% | 0.89% |
| United Spirits Ltd | Consumer Staples | 0.85% | 0.81% | 0.81% |
| Zomato Ltd | Technology | 0.79% | 1.51% | 0.79% |
| Sona BLW Precision Forgings Ltd | Consumer Discretionary | 1.60% | 0.76% | 0.76% |
| SBI Life Insurance Company Ltd | Financial | 0.87% | 0.71% | 0.71% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | 0.63% | 2.01% | 0.63% |
| Asian Paints Ltd | Materials | 0.67% | 0.59% | 0.59% |
| Cholamandalam Investment & Finance Company Ltd | Financial | 1.48% | 0.57% | 0.57% |
| Ultratech Cement Ltd | Materials | 0.68% | 0.44% | 0.44% |
| Shriram Transport Finance Company Ltd | Financial | 0.41% | 0.91% | 0.41% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR SD79 8.66 NCD 23FB33 FVRS1LAC | Financial | 0.40% | 0.70% | 0.40% |
| PNB Housing Finance Ltd | Financial | 0.37% | 0.71% | 0.37% |
| Vijaya Diagnostic Centre Ltd | Healthcare | 0.37% | 0.55% | 0.37% |
| Jubilant FoodWorks Ltd | Consumer Discretionary | 0.60% | 0.36% | 0.36% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 144 and 158 holdings respectively — not live positions.