Axis Short Duration Fund - Direct Plan - Growth Option vs ICICI Prudential Short Term Fund - Direct Plan - Growth Option — portfolio overlap
30.86% 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
30.86%
Stocks held by both
59
Only in Axis Mutual Fund's fund
124
Only in ICICI Prudential Mutual Fund's fund
108
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 59, by shared weight
| Stock | Sector | In Axis Mutual Fund's | In ICICI Prudential Mutual Fund's | Shared |
|---|---|---|---|---|
| SIDDHIVINAYAK SECURITISATION TRUST SD TRUST PTC 15SEPT25 | Unspecified | 2.77% | 2.68% | 2.68% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR V 7.22 BD 10AP29 FVRS1LAC | Financial | 2.64% | 2.27% | 2.27% |
| SHIVSHAKTI SECURITISATION TRUST SS TRUST PTC 15SEPT25 | Unspecified | 1.53% | 3.05% | 1.53% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IX 7.68 BD 10AG27 FVRS1LAC | Financial | 1.71% | 1.39% | 1.39% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR V 7.51 BD 12JU28 FVRS1LAC | Financial | 1.33% | 1.34% | 1.33% |
| LIC HOUSING FINANCE LTD.** | Financial | 1.32% | 3.86% | 1.32% |
| TVS HOLDINGS LIMITED 8.65 NCD 07JU29 FVRS1LAC | Consumer Discretionary | 1.34% | 1.30% | 1.30% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 665 RR NCD 27FB29 FVRS1LAC | Financial | 1.26% | 1.54% | 1.26% |
| GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100 | Entities | 3.08% | 1.02% | 1.02% |
| NEXUS SELECT TRUST SR II TR A 7.6937 NCD 28MY27 FVRS1LAC | Industrials | 1.00% | 1.03% | 1.00% |
| DLF CYBER CITY DEVELOPERS LTD 8.40 NCD 18JU27 FVRS1LAC | Real Estate | 0.86% | 1.04% | 0.86% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.29 BD 09NV29 FVRS1LAC | Financial | 1.32% | 0.77% | 0.77% |
| MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED SR AC2026 RR NCD 18MY29 FVRS1LAC | Financial | 1.33% | 0.77% | 0.77% |
| TATA CAPITAL HOUSING FINANCE LIMITED SR A 7.27 NCD 25AP28 FVRS1LAC | Financial | 1.06% | 0.77% | 0.77% |
| JTPM METAL TRADERS LIMITED NCD 30AP30 FVRS1LAC | Materials | 0.72% | 1.25% | 0.72% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC | Financial | 0.66% | 0.77% | 0.66% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25C 7.44 BD 24FB28 FVRS1LAC | Financial | 0.66% | 2.75% | 0.66% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 20AUG27 | Financial | 1.24% | 0.64% | 0.64% |
| India Universal Trust AL1 Sec. Debt 8.20 20/09/2030 | Unspecified | 1.45% | 0.64% | 0.64% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26B 6.85 BD 19JN29 FVRS1LAC | Financial | 0.98% | 0.63% | 0.63% |
| MUTHOOT FINANCE LIMITED RR NCD 04SP29 FVRS1LAC | Financial | 0.99% | 0.51% | 0.51% |
| BAJAJ HOUSING FINANCE LIMITED 7.64 NCD 01JL30 FVRS1LAC | Financial | 1.32% | 0.51% | 0.51% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR I 6.66 BD 25OT28 FVRS1LAC | Financial | 0.98% | 0.51% | 0.51% |
| INDIA UNIVERSAL TRUST AL1 SERIES A3 PTC 25SEP24 | Unspecified | 0.62% | 0.44% | 0.44% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23I 7.62 LOA 31JN28 FVRS1LAC | Financial | 1.05% | 0.39% | 0.39% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 189 and 169 holdings respectively — not live positions.