Aditya Birla Sun Life Medium Term Fund - GROWTH - Direct Plan vs Axis Medium Term Fund - Growth Option - Direct Plan — portfolio overlap
26.59% 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
26.59%
Stocks held by both
19
Only in Aditya Birla Sun Life Mutual Fund's fund
54
Only in Axis Mutual Fund's fund
59
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 Aditya Birla Sun Life Mutual Fund's | In Axis Mutual Fund's | Shared |
|---|---|---|---|---|
| GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 | Entities | 7.15% | 8.85% | 7.15% |
| JUBILANT BEVCO LIMITED NCD 31MY28 FVRS1LAC | Consumer Staples | 2.47% | 3.14% | 2.47% |
| GMR AIRPORTS LIMITED 5 BD 13FB27 FVRS1LAC | Industrials | 2.52% | 2.15% | 2.15% |
| KOGTA FINANCIAL (INDIA) LIMITED 9.5 NCD 30OT27 FVRS1LAC | Financial | 2.13% | 2.01% | 2.01% |
| ADANI POWER LIMITED SR I 8 NCD 27JN28 FVRS1LAC | Energy & Utilities | 2.01% | 3.03% | 2.01% |
| GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 | Entities | 3.46% | 1.96% | 1.96% |
| GMR AIRPORTS LIMITED 5 BD 13AG28 FVRS1LAC | Industrials | 1.59% | 1.79% | 1.59% |
| ADANI AIRPORT HOLDINGS LIMITED 8.45 NCD 12FB29 FVRS1LAC | Industrials | 1.53% | 2.51% | 1.53% |
| JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC | Materials | 2.46% | 1.37% | 1.37% |
| VEDANTA LIMITED SR 1 9.40 NCD 20FB27 FVRS1LAC | Materials | 1.34% | 2.19% | 1.34% |
| IKF FINANCE LIMITED 9.4 NCD 12SP27 FVRS1LAC | Financial | 0.89% | 1.52% | 0.89% |
| India Grid Trust EQ | Industrials | 0.77% | 1.12% | 0.77% |
| Embassy Office Parks REIT | Real Estate | 0.62% | 1.01% | 0.62% |
| Others Class A2 AIF | Unspecified | 0.27% | 0.32% | 0.27% |
| Raajmarg Infra Investment Trust | Industrials | 0.23% | 1.08% | 0.23% |
| 7.71% GOI 18-May-2066 | Entities | 0.15% | 1.01% | 0.15% |
| GOVERNMENT OF INDIA 34208 GOI 08AP34 7.1 FV RS 100 | Entities | 0.06% | 1.37% | 0.06% |
| Bharat Highways InvIT | Industrials | 0.74% | 0.02% | 0.02% |
| CENTRAL GOVERNMENT LOAN 21176 GOI 14JN29 7.26 FV RS 100 | Entities | 0.01% | 0.03% | 0.01% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 75 and 79 holdings respectively — not live positions.