Axis Gilt Fund - Direct Plan - Growth Option vs ICICI Prudential Gilt Fund - Direct Plan - Growth — portfolio overlap
46.96% 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
46.96%
Stocks held by both
7
Only in Axis Mutual Fund's fund
13
Only in ICICI Prudential Mutual Fund's fund
43
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 Axis Mutual Fund's | In ICICI Prudential Mutual Fund's | Shared |
|---|---|---|---|---|
| GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 | Entities | 17.08% | 15.30% | 15.30% |
| GOVERNMENT OF INDIA 35840 GOI 15AP65 6.9 FV RS 100 | Entities | 17.44% | 14.75% | 14.75% |
| GOVERNMENT OF INDIA 36320 GOI 18AG55 7.24 FV RS 100 | Entities | 17.27% | 9.54% | 9.54% |
| GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 | Entities | 5.72% | 8.62% | 5.72% |
| GOVERNMENT OF INDIA 34733 GOI 05AG54 7.09 FV RS 100 | Entities | 5.65% | 1.51% | 1.51% |
| 7.09% GOI 25-Nov-74 | Entities | 0.31% | 0.12% | 0.12% |
| GOVERNMENT OF INDIA 36185 GOI 07JL40 6.68 FV RS 100 | Entities | 2.87% | 0.02% | 0.02% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 22 and 51 holdings respectively — not live positions.