Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan vs Axis Liquid Fund - Direct Plan - Growth Option — portfolio overlap
28.11% 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
28.11%
Stocks held by both
62
Only in Aditya Birla Sun Life Mutual Fund's fund
149
Only in Axis Mutual Fund's fund
73
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 62, by shared weight
| Stock | Sector | In Aditya Birla Sun Life Mutual Fund's | In Axis Mutual Fund's | Shared |
|---|---|---|---|---|
| UNION BANK OF INDIA CD 01OCT26 | Financial | 2.78% | 2.31% | 2.31% |
| EXPORT IMPORT BANK OF INDIA 91D CP 04NOV26 | Financial | 1.37% | 1.58% | 1.37% |
| GOVERNMENT OF INDIA 37846 091 DAYS TBILL 19NV26 FV RS 100 | Financial | 1.13% | 1.57% | 1.13% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 7.44 BD 04SP26 FVRS1LAC | Financial | 1.07% | 1.38% | 1.07% |
| JAMNAGAR UTILITIES & POWER PRIVATE LIMITED 42D CP 29SEP26 | Financial | 1.06% | 2.33% | 1.06% |
| UNION BANK OF INDIA CD 23SEP26 | Financial | 1.03% | 1.17% | 1.03% |
| UNION BANK OF INDIA CD 21SEP26 | Financial | 0.93% | 1.17% | 0.93% |
| EXPORT IMPORT BANK OF INDIA 91D CP 09SEP26 | Financial | 0.89% | 1.16% | 0.89% |
| HDFC BANK LIMITED CD 10SEP26 | Financial | 0.86% | 2.09% | 0.86% |
| CANARA BANK CD 15SEP26 | Financial | 0.82% | 1.56% | 0.82% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT 90D CP 01OCT26 | Financial | 1.32% | 0.79% | 0.79% |
| UNION BANK OF INDIA CD 12OCT26 | Financial | 0.78% | 1.10% | 0.78% |
| LIC HOUSING FINANCE LTD 91D CP 09SEP26 | Financial | 0.72% | 1.17% | 0.72% |
| 91 Days Tbill (MD 17/09/2026) | Financial | 0.71% | 4.49% | 0.71% |
| HDFC Bank Limited (16/09/2026) ** | Financial | 0.71% | 2.05% | 0.71% |
| Punjab National Bank (18/09/2026) ** # | Financial | 0.71% | 1.18% | 0.71% |
| Central Bank of India (27/11/2026) **# | Financial | 0.71% | 0.90% | 0.71% |
| LARSEN AND TOUBRO LIMITED 86D CP 04SEP26 | Industrials | 0.57% | 0.67% | 0.57% |
| Jamnagar Utilities & Power Pvt. Ltd. (29/09/2026) ** | Industrials | 1.07% | 0.55% | 0.55% |
| IIFL FINANCE LIMITED 91D CP 04SEP26 | Financial | 0.72% | 0.47% | 0.47% |
| INDIAN BANK CD 01OCT26 | Financial | 0.64% | 0.47% | 0.47% |
| EXPORT IMPORT BANK OF INDIA 91D CP 07SEP26 | Financial | 0.47% | 0.79% | 0.47% |
| GOVERNMENT OF INDIA 37185 182 DAYS TBILL 10SP26 FV RS 100 | Financial | 1.79% | 0.43% | 0.43% |
| CENTRAL BANK OF INDIA CD 08SEP26 | Financial | 0.43% | 0.79% | 0.43% |
| CENTRAL BANK OF INDIA CD 25SEP26 | Financial | 0.43% | 0.78% | 0.43% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 215 and 137 holdings respectively — not live positions.