Mirae Asset Equity Savings Fund - Direct Plan - Growth vs HSBC Equity Savings Fund - Direct Growth — portfolio overlap
34.01% 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
34.01%
Stocks held by both
64
Only in Mirae Asset Mutual Fund's fund
105
Only in HSBC Mutual Fund's fund
48
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 64, by shared weight
| Stock | Sector | In Mirae Asset Mutual Fund's | In HSBC Mutual Fund's | Shared |
|---|---|---|---|---|
| ICICI Bank Ltd | Financial | 3.52% | 4.23% | 3.52% |
| HDFC Bank Ltd | Financial | 2.94% | 5.05% | 2.94% |
| State Bank of India | Financial | 2.23% | 3.63% | 2.23% |
| Axis Bank Ltd | Financial | 2.04% | 3.25% | 2.04% |
| Kotak Mahindra Bank Ltd | Financial | 1.46% | 1.68% | 1.46% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | 1.38% | 2.12% | 1.38% |
| Bharti Airtel Ltd | Technology | 2.26% | 1.34% | 1.34% |
| Bajaj Finance Ltd | Financial | 1.10% | 1.65% | 1.10% |
| GOVERNMENT OF INDIA 32829 GOI 10AP28 7.06 FV RS 100 | Entities | 0.99% | 3.11% | 0.99% |
| Sun Pharmaceutical Industries Ltd | Healthcare | 0.91% | 1.94% | 0.91% |
| TVS Motor Company Ltd | Consumer Discretionary | 0.78% | 1.03% | 0.78% |
| Reliance Industries Ltd | Energy & Utilities | 2.33% | 0.74% | 0.74% |
| FSN E-Commerce Ventures Ltd | Consumer Discretionary | 0.73% | 0.95% | 0.73% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 6.74 BD 10JN29 FVRS1LAC | Financial | 1.20% | 0.72% | 0.72% |
| GOVERNMENT OF INDIA 33618 GOI 13NV30 7.32 FV RS 100 | Entities | 1.26% | 0.71% | 0.71% |
| REC LIMITED SR 248A 6.52 BD 31JN28 FVRS1LAC | Financial | 1.09% | 0.68% | 0.68% |
| Tata Steel Ltd | Materials | 1.35% | 0.64% | 0.64% |
| Ambuja Cements Ltd | Materials | 0.62% | 0.59% | 0.59% |
| Tata Motors Ltd | Consumer Discretionary | 0.57% | 0.78% | 0.57% |
| Divi's Laboratories Ltd | Healthcare | 0.54% | 1.13% | 0.54% |
| KFin Technologies Ltd | Financial | 0.52% | 1.15% | 0.52% |
| Varun Beverages Ltd | Consumer Staples | 0.49% | 1.20% | 0.49% |
| HDFC Life Insurance Co Ltd | Financial | 0.44% | 0.51% | 0.44% |
| The Federal Bank Ltd | Financial | 0.44% | 3.02% | 0.44% |
| Bharat Electronics Ltd | Industrials | 0.42% | 0.66% | 0.42% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 172 and 114 holdings respectively — not live positions.