Axis Midcap Fund vs Kotak Midcap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
36.1%
Moderate overlap
Some shared stocks, different bets.
35
Common stocks
52
Only in Axis Midcap Fund
33
Only in Kotak Midcap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
35 common stocks
Axis Midcap FundKotak Midcap Fund| Stock | Axis Midcap Fund | Kotak Midcap Fund | Overlap |
|---|---|---|---|
| Fortis Healthcare LtdHealthcare | 3.21% | 3.58% | 3.21% |
| Federal Bank LtdFinancial Services | 4.40% | 2.76% | 2.76% |
| GE T&D India LtdIndustrials | 2.35% | 2.42% | 2.35% |
| Ipca Laboratories LtdHealthcare | 2.23% | 3.42% | 2.23% |
| Solar Industries India LtdMaterials | 1.79% | 2.30% | 1.79% |
| Zomato LtdConsumer Discretionary | 2.00% | 1.65% | 1.65% |
| Dixon Technologies (India) LtdConsumer Discretionary | 1.52% | 2.11% | 1.52% |
| Schaeffler India LtdConsumer Discretionary | 1.48% | 2.22% | 1.48% |
| Apar Industries LtdIndustrials | 2.73% | 1.45% | 1.45% |
| Bharat Forge LtdConsumer Discretionary | 1.95% | 1.25% | 1.25% |
| Coromandel International LtdAgriculture | 1.09% | 1.53% | 1.09% |
| Vishal Mega Mart LtdConsumer Discretionary | 1.08% | 3.11% | 1.08% |
| J.K. Cement LtdMaterials | 1.27% | 1.03% | 1.03% |
| SRF LtdMaterials | 1.01% | 1.46% | 1.01% |
| L&T Finance Holdings LtdFinancial Services | 0.97% | 2.86% | 0.97% |
| Lenskart Solutions LtdConsumer Discretionary | 2.03% | 0.95% | 0.95% |
| ICICI Lombard General Insurance Company LtdFinancial Services | 0.97% | 0.94% | 0.94% |
| Bharti Hexacom LtdCommunication Services | 0.93% | 2.03% | 0.93% |
| Uno Minda LtdConsumer Discretionary | 1.60% | 0.89% | 0.89% |
| Torrent Pharmaceuticals LtdHealthcare | 0.72% | 1.23% | 0.72% |
| Mphasis LtdTechnology | 0.70% | 2.70% | 0.70% |
| Billionbrains Garage Ventures LtdFinancial Services | 0.69% | 1.32% | 0.69% |
| BSE LtdFinancial Services | 0.92% | 0.58% | 0.58% |
| Indian BankFinancial Services | 0.54% | 2.34% | 0.54% |
| Cholamandalam Investment and Finance Company LtdFinancial Services | 0.53% | 1.15% | 0.53% |
| Voltas LtdConsumer Discretionary | 0.53% | 0.87% | 0.53% |
| Aster Dm Healthcare LtdHealthcare | 0.49% | 1.56% | 0.49% |
| Blue Star LtdConsumer Discretionary | 0.48% | 1.09% | 0.48% |
| PI Industries LtdAgriculture | 0.48% | 1.03% | 0.48% |
| KEI Industries LtdIndustrials | 0.39% | 2.95% | 0.39% |
| Bharat Electronics LtdIndustrials | 0.38% | 1.95% | 0.38% |
| Hindustan Petroleum Corporation LtdEnergy | 0.38% | 1.19% | 0.38% |
| Global Health LtdHealthcare | 0.25% | 1.84% | 0.25% |
| Swiggy LtdConsumer Discretionary | 0.25% | 1.64% | 0.25% |
| Piramal Finance LtdFinancial Services | 0.14% | 1.28% | 0.14% |
| Total | 42.48% | 62.68% | 36.11% |
Only in Axis Midcap Fund
52 stocks, 50.3% of the fund
- Sona Blw Precision Forgings LtdConsumer Discretionary2.71%
- PB Fintech LtdTechnology2.32%
- Indian Hotels Co. LtdConsumer Discretionary2.28%
- The Phoenix Mills LtdReal Estate2.13%
- Bharat Heavy Electricals LtdIndustrials1.95%
- ICICI Bank LtdFinancial Services1.79%
- FSN E-Commerce Ventures LtdConsumer Discretionary1.74%
- Radico Khaitan LtdConsumer Staples1.71%
- Cummins India LtdIndustrials1.70%
- Premier Energies LtdIndustrials1.52%
Only in Kotak Midcap Fund
33 stocks, 33.8% of the fund
- Oberoi Realty LtdReal Estate2.09%
- Bank Of MaharashtraFinancial Services2.09%
- Oracle Financial Services Software LtdTechnology1.65%
- Persistent Systems LtdTechnology1.59%
- Nuvama Wealth Management LtdFinancial Services1.59%
- Nippon Life India Asset Management LtdFinancial Services1.56%
- HDB Financial Services LtdFinancial Services1.50%
- Poonawalla Fincorp LtdFinancial Services1.28%
- Max Financial Services LtdFinancial Services1.26%
- Dalmia Bharat LtdMaterials1.21%
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.