Axis Overnight Fund - Direct Plan - Growth Option vs Tata Overnight Fund-Direct Plan-Growth — portfolio overlap
2.29% of these two portfolios is the same. These portfolios are almost entirely distinct. Holding both gives genuinely different exposure.
Portfolio overlap
2.29%
Stocks held by both
3
Only in Axis Mutual Fund's fund
2
Only in Tata Mutual Fund's fund
1
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 Tata Mutual Fund's | Shared |
|---|---|---|---|---|
| GOVERNMENT OF INDIA 37341 091 DAYS TBILL 09JL26 FV RS 100 | Financial | 2.37% | 1.03% | 1.03% |
| GOVERNMENT OF INDIA 37391 091 DAYS TBILL 23JL26 FV RS 100 | Financial | 1.88% | 0.90% | 0.90% |
| GOVERNMENT OF INDIA 36939 182 DAYS TBILL 17JL26 FV RS 100 | Financial | 0.36% | 1.28% | 0.36% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 8 and 6 holdings respectively — not live positions.