Axis Midcap Fund vs Nippon India Growth Mid Cap Fund
Portfolio overlap: how much of the two funds sits in the same stocks. Holdings as of Aug 2026.
Portfolio overlap
42.2%
Moderate overlap
Some shared stocks, different bets.
50
Common stocks
37
Only in Axis Midcap Fund
48
Only in Nippon India Growth Mid Cap Fund
Overlap adds the smaller weight of each common stock. Shares only; cash, bonds and REITs left out.
50 common stocks
Axis Midcap FundNippon India Growth Mid Cap Fund| Stock | Axis Midcap Fund | Nippon India Growth Mid Cap Fund | Overlap |
|---|---|---|---|
| Federal Bank LtdFinancial Services | 4.40% | 2.80% | 2.80% |
| Fortis Healthcare LtdHealthcare | 3.21% | 2.61% | 2.61% |
| Zomato LtdConsumer Discretionary | 2.00% | 2.39% | 2.00% |
| GE T&D India LtdIndustrials | 2.35% | 1.99% | 1.99% |
| Bharat Forge LtdConsumer Discretionary | 1.95% | 2.05% | 1.95% |
| Bharat Heavy Electricals LtdIndustrials | 1.95% | 1.44% | 1.44% |
| ICICI Bank LtdFinancial Services | 1.79% | 1.39% | 1.39% |
| Multi Commodity Exchange of India LtdFinancial Services | 1.27% | 2.80% | 1.27% |
| Alkem Laboratories LtdHealthcare | 1.34% | 1.25% | 1.25% |
| AU Small Finance Bank LtdFinancial Services | 1.22% | 2.93% | 1.22% |
| Dixon Technologies (India) LtdConsumer Discretionary | 1.52% | 1.19% | 1.19% |
| Ipca Laboratories LtdHealthcare | 2.23% | 1.17% | 1.17% |
| One 97 Communications LtdTechnology | 1.17% | 2.00% | 1.17% |
| Cummins India LtdIndustrials | 1.70% | 1.17% | 1.17% |
| Info Edge (India) LtdConsumer Discretionary | 1.14% | 2.64% | 1.14% |
| FSN E-Commerce Ventures LtdConsumer Discretionary | 1.74% | 1.12% | 1.12% |
| Indian Hotels Co. LtdConsumer Discretionary | 2.28% | 1.10% | 1.10% |
| ICICI Lombard General Insurance Company LtdFinancial Services | 0.97% | 1.79% | 0.97% |
| Radico Khaitan LtdConsumer Staples | 1.71% | 0.93% | 0.93% |
| BSE LtdFinancial Services | 0.92% | 2.45% | 0.92% |
| CG Power And Industrial Solutions LtdIndustrials | 0.89% | 0.89% | 0.89% |
| Supreme Industries LtdIndustrials | 0.95% | 0.83% | 0.83% |
| Torrent Power LtdUtilities | 1.09% | 0.82% | 0.82% |
| Vishal Mega Mart LtdConsumer Discretionary | 1.08% | 0.74% | 0.74% |
| Schaeffler India LtdConsumer Discretionary | 1.48% | 0.69% | 0.69% |
| Page Industries LtdConsumer Discretionary | 0.85% | 0.66% | 0.66% |
| Sundaram Finance LtdFinancial Services | 0.64% | 0.84% | 0.64% |
| Mphasis LtdTechnology | 0.70% | 0.55% | 0.55% |
| Indian BankFinancial Services | 0.54% | 1.12% | 0.54% |
| Voltas LtdConsumer Discretionary | 0.53% | 1.58% | 0.53% |
| Trent Ltd [Lakme Ltd]Consumer Discretionary | 0.49% | 0.88% | 0.49% |
| Blue Star LtdConsumer Discretionary | 0.48% | 0.51% | 0.48% |
| Cholamandalam Financial Holdings LtdFinancial Services | 0.46% | 1.53% | 0.46% |
| Tube Investments Of India LtdConsumer Discretionary | 0.45% | 1.42% | 0.45% |
| Coromandel International LtdAgriculture | 1.09% | 0.44% | 0.44% |
| LG Electronics India�LtdConsumer Discretionary | 0.43% | 0.56% | 0.43% |
| Bharat Electronics LtdIndustrials | 0.38% | 0.79% | 0.38% |
| Hindustan Petroleum Corporation LtdEnergy | 0.38% | 0.65% | 0.38% |
| 3M India LtdMiscellaneous | 0.53% | 0.38% | 0.38% |
| Mankind Pharma LtdHealthcare | 0.35% | 1.81% | 0.35% |
| Astral LtdIndustrials | 0.35% | 0.58% | 0.35% |
| J.K. Cement LtdMaterials | 1.27% | 0.30% | 0.30% |
| Mahindra & Mahindra Financial Services LtdFinancial Services | 0.30% | 0.75% | 0.30% |
| Apar Industries LtdIndustrials | 2.73% | 0.29% | 0.29% |
| Interglobe Aviation LtdTransportation & Logistics | 0.85% | 0.28% | 0.28% |
| Swiggy LtdConsumer Discretionary | 0.25% | 0.81% | 0.25% |
| Tata Communications LtdCommunication Services | 0.25% | 0.19% | 0.19% |
| Piramal Finance LtdFinancial Services | 0.14% | 0.54% | 0.14% |
| Gland Pharma LtdHealthcare | 0.09% | 1.55% | 0.09% |
| Ashok Leyland LtdIndustrials | 0.07% | 1.24% | 0.07% |
| Total | 56.95% | 61.43% | 42.19% |
Only in Axis Midcap Fund
37 stocks, 35.8% of the fund
- Sona Blw Precision Forgings LtdConsumer Discretionary2.71%
- PB Fintech LtdTechnology2.32%
- The Phoenix Mills LtdReal Estate2.13%
- Lenskart Solutions LtdConsumer Discretionary2.03%
- Solar Industries India LtdMaterials1.79%
- Uno Minda LtdConsumer Discretionary1.60%
- Premier Energies LtdIndustrials1.52%
- Coforge LtdTechnology1.43%
- Bajaj Finance LtdFinancial Services1.38%
- Marico LtdConsumer Staples1.37%
Only in Nippon India Growth Mid Cap Fund
48 stocks, 37.2% of the fund
- REC LtdFinancial Services2.20%
- Persistent Systems LtdTechnology1.76%
- Varun Beverages LtdConsumer Staples1.72%
- Samvardhana Motherson International LtdConsumer Discretionary1.70%
- Max Financial Services LtdFinancial Services1.48%
- Max Healthcare Institute LtdHealthcare1.46%
- NTPC Green Energy LtdUtilities1.34%
- Indus Towers LtdCommunication Services1.34%
- APL Apollo Tubes LtdIndustrials1.23%
- Shree Cements LtdMaterials1.20%
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.