Axis Value Fund - Direct Plan - Growth vs Quant Value Fund - Growth Option - Direct Plan — portfolio overlap

8.49% of these two portfolios is the same. These portfolios are almost entirely distinct. Holding both gives genuinely different exposure.

Portfolio overlap

8.49%

Stocks held by both

6

Only in Axis Mutual Fund's fund

81

Only in quant Mutual Fund's fund

31

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

StockSectorIn Axis Mutual Fund'sIn quant Mutual Fund'sShared
Larsen & Toubro LtdIndustrials2.48%2.89%2.48%
Bharat Heavy Electricals LtdIndustrials2.15%4.58%2.15%
Varun Beverages LtdConsumer Staples1.45%1.88%1.45%
Indus Towers LtdTechnology0.86%1.33%0.86%
HDFC Life Insurance Co LtdFinancial0.81%3.01%0.81%
Tech Mahindra LtdTechnology1.32%0.74%0.74%

Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 88 and 38 holdings respectively — not live positions.