Kotak Arbitrage Fund - Direct Plan - Growth vs Tata Arbitrage Fund-Direct Plan-Growth — portfolio overlap
49.8% 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
49.8%
Stocks held by both
158
Only in Kotak Mahindra Mutual Fund's fund
48
Only in Tata Mutual Fund's fund
32
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 158, by shared weight
| Stock | Sector | In Kotak Mahindra Mutual Fund's | In Tata Mutual Fund's | Shared |
|---|---|---|---|---|
| HDFC Bank Ltd | Financial | 2.85% | 7.80% | 2.85% |
| Axis Bank Ltd | Financial | 3.51% | 2.84% | 2.84% |
| Reliance Industries Ltd | Energy & Utilities | 1.99% | 1.89% | 1.89% |
| Bharti Airtel Ltd | Technology | 1.61% | 1.67% | 1.61% |
| Vodafone Idea Ltd | Technology | 1.66% | 1.60% | 1.60% |
| Small Industries Dev Bank of India (18/02/2027) ** | Financial | 1.34% | 1.99% | 1.34% |
| State Bank of India | Financial | 1.51% | 1.29% | 1.29% |
| Hindalco Industries Ltd | Materials | 1.29% | 1.15% | 1.15% |
| Adani Power Ltd | Energy & Utilities | 1.29% | 1.08% | 1.08% |
| ICICI Bank Ltd | Financial | 2.47% | 1.04% | 1.04% |
| Kotak Mahindra Bank Ltd | Financial | 0.93% | 1.01% | 0.93% |
| Coal India Ltd | Materials | 1.41% | 0.92% | 0.92% |
| Adani Green Energy Ltd | Energy & Utilities | 0.88% | 0.89% | 0.88% |
| Indus Towers Ltd | Technology | 0.80% | 1.33% | 0.80% |
| Indian Oil Corporation Ltd | Energy & Utilities | 0.82% | 0.77% | 0.77% |
| NTPC Ltd | Energy & Utilities | 1.18% | 0.74% | 0.74% |
| Cummins India Ltd | Industrials | 0.74% | 0.72% | 0.72% |
| HDFC Life Insurance Co Ltd | Financial | 0.70% | 0.92% | 0.70% |
| Divi's Laboratories Ltd | Healthcare | 0.70% | 0.59% | 0.59% |
| Hindustan Unilever Ltd | Consumer Staples | 0.59% | 1.26% | 0.59% |
| Hindustan Aeronautics Ltd | Industrials | 0.56% | 1.02% | 0.56% |
| ITC Ltd | Consumer Staples | 1.03% | 0.55% | 0.55% |
| Canara Bank | Financial | 0.55% | 1.15% | 0.55% |
| Ashok Leyland Ltd | Industrials | 0.52% | 0.56% | 0.52% |
| JSW Steel Ltd | Materials | 0.52% | 0.97% | 0.52% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 212 and 193 holdings respectively — not live positions.