Axis Midcap Fund vs HDFC Mid-Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
31.0%
Moderate overlap
Some shared stocks, different bets.
31
Common stocks
56
Only in Axis Midcap Fund
48
Only in HDFC Mid-Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
31 common stocks
Axis Midcap FundHDFC Mid-Cap Fund| Stock | Axis Midcap Fund | HDFC Mid-Cap Fund | Overlap |
|---|---|---|---|
| Federal Bank LtdFinancial Services | 4.40% | 4.21% | 4.21% |
| Fortis Healthcare LtdHealthcare | 3.21% | 2.69% | 2.69% |
| Ipca Laboratories LtdHealthcare | 2.23% | 3.30% | 2.23% |
| Cummins India LtdIndustrials | 1.70% | 1.92% | 1.70% |
| PB Fintech LtdTechnology | 2.32% | 1.69% | 1.69% |
| Coforge LtdTechnology | 1.43% | 2.86% | 1.43% |
| Marico LtdConsumer Staples | 1.37% | 2.29% | 1.37% |
| Alkem Laboratories LtdHealthcare | 1.34% | 1.61% | 1.34% |
| Zomato LtdConsumer Discretionary | 2.00% | 1.30% | 1.30% |
| Bharat Forge LtdConsumer Discretionary | 1.95% | 1.25% | 1.25% |
| AU Small Finance Bank LtdFinancial Services | 1.22% | 3.98% | 1.22% |
| Vishal Mega Mart LtdConsumer Discretionary | 1.08% | 2.31% | 1.08% |
| Coromandel International LtdAgriculture | 1.09% | 1.08% | 1.08% |
| Indian Hotels Co. LtdConsumer Discretionary | 2.28% | 0.96% | 0.96% |
| ICICI Lombard General Insurance Company LtdFinancial Services | 0.97% | 0.87% | 0.87% |
| Sona Blw Precision Forgings LtdConsumer Discretionary | 2.71% | 0.76% | 0.76% |
| Dixon Technologies (India) LtdConsumer Discretionary | 1.52% | 0.71% | 0.71% |
| Mphasis LtdTechnology | 0.70% | 1.61% | 0.70% |
| Bosch LtdConsumer Discretionary | 0.59% | 1.44% | 0.59% |
| Indian BankFinancial Services | 0.54% | 3.06% | 0.54% |
| Supreme Industries LtdIndustrials | 0.95% | 0.54% | 0.54% |
| Aster Dm Healthcare LtdHealthcare | 0.49% | 0.84% | 0.49% |
| Indusind Bank LtdFinancial Services | 0.42% | 1.11% | 0.42% |
| Hindustan Petroleum Corporation LtdEnergy | 0.38% | 2.05% | 0.38% |
| Cholamandalam Financial Holdings LtdFinancial Services | 0.46% | 0.31% | 0.31% |
| Mahindra & Mahindra Financial Services LtdFinancial Services | 0.30% | 2.28% | 0.30% |
| Tata Communications LtdCommunication Services | 0.25% | 1.77% | 0.25% |
| Bharti Hexacom LtdCommunication Services | 0.93% | 0.19% | 0.19% |
| Billionbrains Garage Ventures LtdFinancial Services | 0.69% | 0.18% | 0.18% |
| LG Electronics India�LtdConsumer Discretionary | 0.43% | 0.16% | 0.16% |
| Gland Pharma LtdHealthcare | 0.09% | 1.62% | 0.09% |
| Total | 40.04% | 50.95% | 31.03% |
Only in Axis Midcap Fund
56 stocks, 52.8% of the fund
- Apar Industries LtdIndustrials2.73%
- GE T&D India LtdIndustrials2.35%
- The Phoenix Mills LtdReal Estate2.13%
- Lenskart Solutions LtdConsumer Discretionary2.03%
- Bharat Heavy Electricals LtdIndustrials1.95%
- ICICI Bank LtdFinancial Services1.79%
- Solar Industries India LtdMaterials1.79%
- FSN E-Commerce Ventures LtdConsumer Discretionary1.74%
- Radico Khaitan LtdConsumer Staples1.71%
- Uno Minda LtdConsumer Discretionary1.60%
Only in HDFC Mid-Cap Fund
48 stocks, 42.0% of the fund
- Max Financial Services LtdFinancial Services3.79%
- Glenmark Pharmaceuticals LtdHealthcare3.07%
- Balkrishna Industries LtdConsumer Discretionary3.02%
- Aurobindo Pharma LtdHealthcare2.12%
- United Spirits LtdConsumer Staples1.93%
- Persistent Systems LtdTechnology1.78%
- Apollo Tyres LtdConsumer Discretionary1.70%
- Jindal Steel & Power LtdMaterials1.62%
- Union Bank Of IndiaFinancial Services1.57%
- Dabur India LtdConsumer Staples1.47%
Check another pair
More Mid Cap 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.