Axis Multicap Fund - Direct Growth vs WhiteOak Capital Multi Cap Fund Direct Plan Growth — portfolio overlap
34.81% 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
34.81%
Stocks held by both
60
Only in Axis Mutual Fund's fund
48
Only in WhiteOak Capital Mutual Fund's fund
169
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 60, by shared weight
| Stock | Sector | In Axis Mutual Fund's | In WhiteOak Capital Mutual Fund's | Shared |
|---|---|---|---|---|
| ICICI Bank Ltd | Financial | 3.25% | 4.74% | 3.25% |
| HDFC Bank Ltd | Financial | 2.72% | 1.96% | 1.96% |
| Zomato Ltd | Technology | 2.41% | 1.58% | 1.58% |
| Bharti Airtel Ltd | Technology | 1.40% | 2.51% | 1.40% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | 1.37% | 1.39% | 1.37% |
| State Bank of India | Financial | 1.20% | 1.52% | 1.20% |
| Reliance Industries Ltd | Energy & Utilities | 1.11% | 1.12% | 1.11% |
| Torrent Pharmaceuticals Ltd | Healthcare | 1.44% | 1.07% | 1.07% |
| The Federal Bank Ltd | Financial | 0.84% | 1.11% | 0.84% |
| Laurus Labs Ltd | Healthcare | 0.82% | 1.05% | 0.82% |
| Coforge Ltd | Technology | 0.80% | 0.93% | 0.80% |
| Sona BLW Precision Forgings Ltd | Consumer Discretionary | 2.53% | 0.75% | 0.75% |
| Titan Company Ltd | Consumer Discretionary | 0.74% | 0.86% | 0.74% |
| Fortis Healthcare Ltd | Healthcare | 1.21% | 0.72% | 0.72% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.77% | 0.69% | 0.69% |
| Bharat Heavy Electricals Ltd | Industrials | 1.10% | 0.69% | 0.69% |
| PB Fintech Ltd | Financial | 0.76% | 0.66% | 0.66% |
| Bharat Electronics Ltd | Industrials | 0.66% | 0.79% | 0.66% |
| TD Power Systems Ltd | Industrials | 1.92% | 0.61% | 0.61% |
| Axis Bank Ltd | Financial | 1.45% | 0.60% | 0.60% |
| Phoenix Mills Ltd | Real Estate | 0.60% | 0.98% | 0.60% |
| Azad Engineering Ltd. | Industrials | 0.60% | 0.84% | 0.60% |
| City Union Bank Ltd | Financial | 0.86% | 0.56% | 0.56% |
| Indusind Bank Ltd | Financial | 0.71% | 0.55% | 0.55% |
| Navin Fluorine International Ltd | Materials | 0.54% | 0.56% | 0.54% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 110 and 230 holdings respectively — not live positions.