Axis Midcap Fund vs Motilal Oswal Midcap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
19.8%
Low overlap
Largely different portfolios.
17
Common stocks
70
Only in Axis Midcap Fund
13
Only in Motilal Oswal Midcap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
17 common stocks
Axis Midcap FundMotilal Oswal Midcap Fund| Stock | Axis Midcap Fund | Motilal Oswal Midcap Fund | Overlap |
|---|---|---|---|
| PB Fintech LtdTechnology | 2.32% | 2.85% | 2.32% |
| Lenskart Solutions LtdConsumer Discretionary | 2.03% | 2.26% | 2.03% |
| Zomato LtdConsumer Discretionary | 2.00% | 6.46% | 2.00% |
| Dixon Technologies (India) LtdConsumer Discretionary | 1.52% | 3.44% | 1.52% |
| Premier Energies LtdIndustrials | 1.52% | 2.03% | 1.52% |
| Coforge LtdTechnology | 1.43% | 5.79% | 1.43% |
| Multi Commodity Exchange of India LtdFinancial Services | 1.27% | 3.43% | 1.27% |
| One 97 Communications LtdTechnology | 1.17% | 9.07% | 1.17% |
| L&T Finance Holdings LtdFinancial Services | 0.97% | 2.40% | 0.97% |
| Shriram Finance LtdFinancial Services | 0.95% | 3.66% | 0.95% |
| Bharti Hexacom LtdCommunication Services | 0.93% | 2.27% | 0.93% |
| BSE LtdFinancial Services | 0.92% | 1.76% | 0.92% |
| Interglobe Aviation LtdTransportation & Logistics | 0.85% | 1.73% | 0.85% |
| Billionbrains Garage Ventures LtdFinancial Services | 0.69% | 3.43% | 0.69% |
| Tube Investments Of India LtdConsumer Discretionary | 0.45% | 2.67% | 0.45% |
| KEI Industries LtdIndustrials | 0.39% | 5.16% | 0.39% |
| Bharat Electronics LtdIndustrials | 0.38% | 1.90% | 0.38% |
| Total | 19.79% | 60.31% | 19.79% |
Only in Axis Midcap Fund
70 stocks, 73.0% of the fund
- Federal Bank LtdFinancial Services4.40%
- Fortis Healthcare LtdHealthcare3.21%
- Apar Industries LtdIndustrials2.73%
- Sona Blw Precision Forgings LtdConsumer Discretionary2.71%
- GE T&D India LtdIndustrials2.35%
- Indian Hotels Co. LtdConsumer Discretionary2.28%
- Ipca Laboratories LtdHealthcare2.23%
- The Phoenix Mills LtdReal Estate2.13%
- Bharat Forge LtdConsumer Discretionary1.95%
- Bharat Heavy Electricals LtdIndustrials1.95%
Only in Motilal Oswal Midcap Fund
13 stocks, 36.1% of the fund
- Kalyan Jewellers India LtdConsumer Discretionary8.13%
- Aditya Birla Capital LtdFinancial Services4.87%
- Persistent Systems LtdTechnology4.41%
- Sterlite Technologies LtdTechnology3.30%
- ICICI Prudential Asset Management Co LtdFinancial Services2.39%
- Prestige Estates Projects LtdReal Estate2.37%
- Samvardhana Motherson International LtdConsumer Discretionary2.21%
- Suzlon Energy LtdIndustrials2.16%
- IDFC First Bank LtdFinancial Services2.13%
- Waaree Energies LtdIndustrials1.48%
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.