Axis Focused Fund vs HDFC Focused Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
32.4%
Moderate overlap
Some shared stocks, different bets.
9
Common stocks
19
Only in Axis Focused Fund
20
Only in HDFC Focused Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
9 common stocks
Axis Focused FundHDFC Focused Fund| Stock | Axis Focused Fund | HDFC Focused Fund | Overlap |
|---|---|---|---|
| ICICI Bank LtdFinancial Services | 8.21% | 9.49% | 8.21% |
| Zomato LtdConsumer Discretionary | 7.47% | 4.80% | 4.80% |
| State Bank Of IndiaFinancial Services | 4.27% | 5.31% | 4.27% |
| Interglobe Aviation LtdTransportation & Logistics | 3.43% | 3.91% | 3.43% |
| Axis Bank LtdFinancial Services | 3.15% | 6.91% | 3.15% |
| HDFC Bank LtdFinancial Services | 2.94% | 7.17% | 2.94% |
| Bharti Airtel LtdCommunication Services | 2.45% | 3.11% | 2.45% |
| Hyundai Motor India LtdConsumer Discretionary | 2.07% | 1.99% | 1.99% |
| CG Power And Industrial Solutions LtdIndustrials | 2.12% | 1.15% | 1.15% |
| Total | 36.11% | 43.84% | 32.39% |
Only in Axis Focused Fund
19 stocks, 58.8% of the fund
- Divi'S Laboratories LtdHealthcare6.17%
- Cholamandalam Investment and Finance Company LtdFinancial Services5.40%
- Bajaj Finance LtdFinancial Services5.40%
- Apollo Hospitals Enterprises LtdHealthcare5.20%
- Apar Industries LtdIndustrials4.69%
- TVS Motor Company LtdConsumer Discretionary4.39%
- PB Fintech LtdTechnology4.18%
- Mahindra & Mahindra LtdConsumer Discretionary3.50%
- Hindustan Aeronautics LtdIndustrials2.75%
- Cummins India LtdIndustrials2.75%
Only in HDFC Focused Fund
20 stocks, 51.9% of the fund
- Kotak Mahindra Bank LtdFinancial Services5.74%
- Sun Pharmaceutical Industries LtdHealthcare4.19%
- HCL Technologies LtdTechnology3.96%
- Maruti Suzuki India LtdConsumer Discretionary3.53%
- Eicher Motors LtdConsumer Discretionary3.37%
- SBI Life Insurance Company LtdFinancial Services3.18%
- Aster Dm Healthcare LtdHealthcare2.98%
- Havells India LtdConsumer Discretionary2.68%
- Bosch LtdConsumer Discretionary2.51%
- Cipla LtdHealthcare2.37%
Check another pair
More Focused pairs
What is mutual fund portfolio overlap?
Portfolio overlap is the share of two funds' money that sits in the same stocks in the same amounts. Two flexi cap funds that both hold HDFC Bank, ICICI Bank and Reliance overlap by the smaller of their weights in each of those stocks.
How is portfolio overlap calculated?
For every stock both funds hold, take the smaller of the two weights, then add them up. If one fund holds HDFC Bank at 8% and the other at 5%, that stock adds 5% to the overlap. Only shares count; cash, bonds, deposits and REITs are left out. The figures use each fund's latest monthly portfolio disclosure.
Is high overlap between two funds bad?
Not by itself. RuDo studied 33,153 pairs of diversified equity funds over five years to September 2026. Funds from different fund houses with 50% to 70% overlap shared mostly the index's largest stocks, and holding both still made returns swing 12% to 15% less around the index than holding either one. Overlap above 70% came mostly from two funds of the same fund house, which hold nearly the same portfolio.
How often does the overlap change?
Fund houses disclose their portfolios every month, so the overlap is refreshed as each new disclosure arrives. It moves slowly for most diversified funds and faster for focused or high-turnover funds.
Based on each fund's monthly portfolio disclosure. Past performance does not indicate future returns.