Tata Money Market Fund- Direct Plan- Growth Option vs Axis Money Market Fund - Direct Plan - Growth Option — portfolio overlap
29.25% 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
29.25%
Stocks held by both
36
Only in Tata Mutual Fund's fund
58
Only in Axis Mutual Fund's fund
101
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 36, by shared weight
| Stock | Sector | In Tata Mutual Fund's | In Axis Mutual Fund's | Shared |
|---|---|---|---|---|
| Export Import Bank of India (14/12/2026) | Financial | 2.56% | 3.00% | 2.56% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 28JAN27 | Financial | 1.97% | 2.05% | 1.97% |
| UNION BANK OF INDIA CD 02APR27 | Financial | 2.09% | 1.70% | 1.70% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA 209D CP 03DEC26 | Financial | 2.07% | 1.65% | 1.65% |
| KOTAK MAHINDRA BANK LIMITED CD 04FEB27 | Financial | 3.38% | 1.60% | 1.60% |
| INDUSIND BANK LTD. CD 22JAN27 | Financial | 1.83% | 1.59% | 1.59% |
| BAJAJ HOUSING FINANCE LIMITED 365D CP 27JAN27 | Financial | 1.41% | 1.59% | 1.41% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 10MAR27 | Financial | 1.40% | 2.14% | 1.40% |
| HDFC BANK LIMITED CD 14DEC26 | Financial | 2.99% | 1.38% | 1.38% |
| KOTAK MAHINDRA BANK LIMITED CD 27NOV26 | Financial | 1.43% | 1.32% | 1.32% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 28JAN27 | Financial | 1.27% | 1.38% | 1.27% |
| CANARA BANK CD 18DEC26 | Financial | 1.99% | 1.02% | 1.02% |
| MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED 220D CP 25FEB27 | Financial | 0.98% | 2.03% | 0.98% |
| IDFC FIRST BANK LIMITED CD 15JAN27 | Financial | 2.12% | 0.91% | 0.91% |
| 182 Days Tbill (MD 17/12/2026) | Financial | 0.90% | 3.22% | 0.90% |
| CANARA BANK CD 02FEB27 | Financial | 0.99% | 0.80% | 0.80% |
| PUNJAB NATIONAL BANK CD 09MAR27 | Financial | 0.70% | 1.02% | 0.70% |
| HDFC BANK LIMITED CD 12MAR27 | Financial | 0.70% | 3.16% | 0.70% |
| PUNJAB NATIONAL BANK CD 15DEC26 | Financial | 0.64% | 1.00% | 0.64% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 27JAN27 | Financial | 3.03% | 0.57% | 0.57% |
| MOTILAL OSWAL FINANCIAL SERVICES LIMITED 365D CP 28JAN27 | Financial | 0.70% | 0.57% | 0.57% |
| CANARA BANK CD 28JUN27 | Financial | 0.68% | 0.45% | 0.45% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT CD 02MAR27 | Financial | 0.70% | 0.45% | 0.45% |
| Reserve Bank of India T-Bills 182-D | Financial | 0.44% | 1.03% | 0.44% |
| CANARA BANK CD 04MAR27 | Financial | 0.49% | 0.34% | 0.34% |
Holdings are a monthly disclosure, so this reflects the last portfolios both funds published — 95 and 138 holdings respectively — not live positions.