Invesco India Arbitrage Fund - Direct Plan - Growth Option vs Tata Arbitrage Fund-Direct Plan-Growth — portfolio overlap
51.87% of these two portfolios is the same. These two funds hold much the same portfolio. Owning both adds little diversification, and a second fund in the same category is often duplicated exposure rather than a spread bet.
Portfolio overlap
51.87%
Stocks held by both
160
Only in Invesco Mutual Fund's fund
42
Only in Tata Mutual Fund's fund
30
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 160, by shared weight
| Stock | Sector | In Invesco Mutual Fund's | In Tata Mutual Fund's | Shared |
|---|---|---|---|---|
| HDFC Bank Ltd | Financial | 6.00% | 7.80% | 6.00% |
| Axis Bank Ltd | Financial | 3.46% | 2.84% | 2.84% |
| Reliance Industries Ltd | Energy & Utilities | 2.56% | 1.89% | 1.89% |
| Bharti Airtel Ltd | Technology | 3.42% | 1.67% | 1.67% |
| Vodafone Idea Ltd | Technology | 2.41% | 1.60% | 1.60% |
| Jio Financial Services Limited | Financial | 1.89% | 1.35% | 1.35% |
| State Bank of India | Financial | 1.23% | 1.29% | 1.23% |
| Canara Bank | Financial | 1.80% | 1.15% | 1.15% |
| Adani Power Ltd | Energy & Utilities | 1.29% | 1.08% | 1.08% |
| ICICI Bank Ltd | Financial | 3.42% | 1.04% | 1.04% |
| Indus Towers Ltd | Technology | 1.03% | 1.33% | 1.03% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 26FEB27 | Financial | 0.95% | 1.99% | 0.95% |
| Coal India Ltd | Materials | 1.21% | 0.92% | 0.92% |
| Indian Oil Corporation Ltd | Energy & Utilities | 0.86% | 0.77% | 0.77% |
| IDFC First Bank Ltd | Financial | 1.88% | 0.72% | 0.72% |
| Bharat Electronics Ltd | Industrials | 0.70% | 1.13% | 0.70% |
| Cummins India Ltd | Industrials | 0.67% | 0.72% | 0.67% |
| UNION BANK OF INDIA CD 10DEC26 | Financial | 0.64% | 1.35% | 0.64% |
| Manappuram Finance Ltd | Financial | 0.63% | 0.76% | 0.63% |
| Steel Authority Of India Ltd | Materials | 0.63% | 1.42% | 0.63% |
| Small Industries Dev Bank of India (18/02/2027) ** | Financial | 0.63% | 1.17% | 0.63% |
| Varun Beverages Ltd | Consumer Staples | 0.77% | 0.61% | 0.61% |
| Ambuja Cements Ltd | Materials | 1.46% | 0.61% | 0.61% |
| Kotak Mahindra Bank Ltd | Financial | 0.58% | 1.01% | 0.58% |
| ITC Ltd | Consumer Staples | 0.80% | 0.55% | 0.55% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 205 and 193 holdings respectively — not live positions.