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Bandhan Money Market Fund -Direct Plan-Growth vs Tata Money Market Fund- Direct Plan- Growth Option — portfolio overlap

26.76% 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

26.76%

Stocks held by both

35

Only in Bandhan Mutual Fund's fund

56

Only in Tata Mutual Fund's fund

59

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 35, by shared weight

StockSectorIn Bandhan Mutual Fund'sIn Tata Mutual Fund'sShared
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 28JAN27Financial2.22%2.56%2.22%
Union Bank of India CDFinancial2.05%2.09%2.05%
KOTAK MAHINDRA BANK LIMITED CD 29JAN27Financial1.90%3.38%1.90%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 27JAN27Financial1.59%3.03%1.59%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 09FEB27Financial1.58%2.07%1.58%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 26FEB27Financial1.58%1.27%1.27%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 26FEB27Financial3.00%1.26%1.26%
CANARA BANK CD 04MAR27Financial1.26%1.99%1.26%
KOTAK MAHINDRA BANK LIMITED CD 21DEC26Financial1.06%1.43%1.06%
CANARA BANK CD 28JUN27Financial1.23%0.99%0.99%
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED 220D CP 25FEB27Financial1.42%0.98%0.98%
Axis Bank Limited (26/02/2027) **Financial0.95%1.54%0.95%
182 Days Tbill (MD 17/12/2026)Financial6.03%0.90%0.90%
AXIS BANK LIMITED CD 05MAR27Financial0.79%1.14%0.79%
PUNJAB NATIONAL BANK CD 12MAR27Financial2.20%0.70%0.70%
HDFC BANK LIMITED CD 12MAR27Financial1.73%0.70%0.70%
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED 365D CP 05MAR27Financial0.94%0.70%0.70%
CANARA BANK CD 02FEB27Financial1.11%0.68%0.68%
PUNJAB NATIONAL BANK CD 05FEB27Financial0.95%0.64%0.64%
LIC HOUSING FINANCE LTD 351D CP 11MAR27Financial0.63%2.80%0.63%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 18MAR27Financial1.41%0.56%0.56%
CANARA BANK CD 18DEC26Financial0.51%0.49%0.49%
HDFC BANK LIMITED CD 05MAR27Financial0.47%3.57%0.47%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 04DEC26Financial1.44%0.44%0.44%
AXIS BANK LIMITED CD 18MAR27Financial0.63%0.29%0.29%

Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 112 and 95 holdings respectively — not live positions.