Axis Multicap Fund - Direct Growth vs LIC MF Multi Cap Fund-Direct Plan-Growth — portfolio overlap
27.05% 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
27.05%
Stocks held by both
26
Only in Axis Mutual Fund's fund
82
Only in LIC Mutual Fund's fund
36
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 26, by shared weight
| Stock | Sector | In Axis Mutual Fund's | In LIC Mutual Fund's | Shared |
|---|---|---|---|---|
| ICICI Bank Ltd | Financial | 3.25% | 3.33% | 3.25% |
| HDFC Bank Ltd | Financial | 2.72% | 2.78% | 2.72% |
| Zomato Ltd | Technology | 2.41% | 2.23% | 2.23% |
| Axis Bank Ltd | Financial | 1.45% | 2.05% | 1.45% |
| Shriram Transport Finance Company Ltd | Financial | 1.91% | 1.36% | 1.36% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | 1.37% | 1.34% | 1.34% |
| State Bank of India | Financial | 1.20% | 1.33% | 1.20% |
| GE T&D India Ltd | Industrials | 1.43% | 1.18% | 1.18% |
| BSE Ltd | Financial | 1.04% | 1.33% | 1.04% |
| Samvardhana Motherson International Ltd | Consumer Discretionary | 1.00% | 1.30% | 1.00% |
| TVS Motor Company Ltd | Consumer Discretionary | 0.97% | 1.49% | 0.97% |
| Torrent Pharmaceuticals Ltd | Healthcare | 1.44% | 0.96% | 0.96% |
| Interglobe Aviation Ltd | Industrials | 0.96% | 1.53% | 0.96% |
| Hyundai Motor India Ltd. | Consumer Discretionary | 0.89% | 2.21% | 0.89% |
| The Federal Bank Ltd | Financial | 0.84% | 1.43% | 0.84% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.77% | 2.38% | 0.77% |
| PB Fintech Ltd | Financial | 0.76% | 1.34% | 0.76% |
| Sun Pharmaceutical Industries Ltd | Healthcare | 0.72% | 1.62% | 0.72% |
| Marico Ltd | Consumer Staples | 0.65% | 1.11% | 0.65% |
| Azad Engineering Ltd. | Industrials | 0.60% | 1.52% | 0.60% |
| Swiggy Ltd. | Technology | 0.56% | 0.99% | 0.56% |
| Navin Fluorine International Ltd | Materials | 0.54% | 1.28% | 0.54% |
| One 97 Communications Ltd | Industrials | 0.44% | 2.14% | 0.44% |
| Pidilite Industries Ltd | Materials | 0.41% | 1.47% | 0.41% |
| Bharat Forge Ltd | Consumer Discretionary | 0.13% | 1.56% | 0.13% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 110 and 63 holdings respectively — not live positions.