Axis Arbitrage Fund vs Kotak Arbitrage Fund

Axis vs Kotak· Portfolio Overlap Analysis

46.5%High Overlap

157 common stocksRank #13955 / 20,000

Investor takeaway: At 46.5% overlap, a significant part of these portfolios is identical. Despite coming from different AMCs, the stock picks still converge heavily. Make sure both funds actually serve different jobs in your allocation.

Common Holdings (157)

Stock	Wt% in Axis Arbitrage	Wt% in Kotak Arbitrage	Overlap
HDFC Bank Limited Banks	5.27%	6.93%	5.27%
ICICI Bank Limited Banks	3.33%	2.90%	2.90%
Reliance Industries Limited Petroleum Products	2.42%	2.50%	2.42%
Bharti Airtel Limited Telecom - Services	1.66%	1.80%	1.66%
Kotak Mahindra Bank Limited Banks	1.94%	1.58%	1.58%
Eternal Limited Retailing	1.58%	1.51%	1.51%
ITC Limited Diversified FMCG	1.19%	1.29%	1.19%
Grasim Industries Limited Cement & Cement Products	1.46%	1.15%	1.15%
Vodafone Idea Limited Telecom - Services	1.12%	1.51%	1.12%
JSW Steel Limited Ferrous Metals	1.07%	1.99%	1.07%
Cholamandalam Investment and Finance Company Ltd Finance	1.29%	0.98%	0.98%
Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology	1.10%	0.97%	0.97%
Jio Financial Services Limited Finance	1.14%	0.83%	0.83%
Tata Steel Limited Ferrous Metals	1.50%	0.74%	0.74%
Mahindra & Mahindra Limited Automobiles	1.71%	0.73%	0.73%
Maruti Suzuki India Limited Automobiles	0.91%	0.63%	0.63%
Bharat Heavy Electricals Limited Electrical Equipment	0.94%	0.61%	0.61%
Larsen & Toubro Limited Construction	0.55%	0.73%	0.55%
TVS Motor Company Limited Automobiles	0.51%	0.70%	0.51%
Britannia Industries Limited Food Products	0.50%	0.69%	0.50%
State Bank of India Banks	0.51%	0.49%	0.49%
Aurobindo Pharma Limited Pharmaceuticals & Biotechnology	0.74%	0.48%	0.48%
Apollo Hospitals Enterprise Limited Healthcare Services	0.47%	0.81%	0.47%
Titan Company Limited Consumer Durables	0.99%	0.41%	0.41%
Punjab National Bank Banks	0.93%	0.41%	0.41%
Adani Energy Solutions Limited Power	0.41%	0.52%	0.41%
Bajaj Finance Limited Finance	1.66%	0.40%	0.40%
Laurus Labs Limited Pharmaceuticals & Biotechnology	0.40%	0.52%	0.40%
Coforge Limited IT - Software	0.40%	0.71%	0.40%
Steel Authority of India Limited Ferrous Metals	0.39%	0.44%	0.39%
SBI Life Insurance Company Limited Insurance	0.39%	0.45%	0.39%
Tata Consumer Products Limited Agricultural Food & other Products	0.36%	0.48%	0.36%
UNO Minda Limited Auto Components	0.41%	0.34%	0.34%
Adani Ports and Special Economic Zone Limited Transport Infrastructure	0.34%	0.60%	0.34%
UltraTech Cement Limited Cement & Cement Products	1.38%	0.32%	0.32%
Divi's Laboratories Limited Pharmaceuticals & Biotechnology	0.51%	0.32%	0.32%
Hindalco Industries Limited Non - Ferrous Metals	0.34%	0.32%	0.32%
REC Limited Finance	0.32%	0.72%	0.32%
FSN E-Commerce Ventures Limited Retailing	0.35%	0.31%	0.31%
Eicher Motors Limited Automobiles	0.31%	0.43%	0.31%
NMDC Limited Minerals & Mining	0.76%	0.27%	0.27%
UPL Limited Fertilizers & Agrochemicals	0.59%	0.27%	0.27%
LIC Housing Finance Limited Finance	0.51%	0.27%	0.27%
HDFC Life Insurance Company Limited Insurance	0.27%	0.41%	0.27%
Ambuja Cements Limited Cement & Cement Products	0.27%	0.45%	0.27%
ICICI Prudential Life Insurance Company Limited Insurance	0.27%	0.38%	0.27%
Tata Power Company Limited Power	0.70%	0.26%	0.26%
NTPC Limited Power	0.26%	1.01%	0.26%
Hindustan Zinc Limited Non - Ferrous Metals	0.26%	0.65%	0.26%
Canara Bank Banks	0.26%	0.30%	0.26%
Tech Mahindra Limited IT - Software	0.26%	0.39%	0.26%
Glenmark Pharmaceuticals Limited Pharmaceuticals & Biotechnology	0.63%	0.25%	0.25%
Nestle India Limited Food Products	0.25%	0.34%	0.25%
DLF Limited Realty	1.06%	0.24%	0.24%
InterGlobe Aviation Limited Transport Services	0.80%	0.24%	0.24%
Polycab India Limited Industrial Products	0.61%	0.23%	0.23%
GMR Airports Limited Transport Infrastructure	0.47%	0.22%	0.22%
Crompton Greaves Consumer Electricals Limited Consumer Durables	0.35%	0.22%	0.22%
Yes Bank Limited Banks	0.22%	0.32%	0.22%
Manappuram Finance Limited Finance	0.22%	0.25%	0.22%
Container Corporation of India Limited Transport Services	1.06%	0.21%	0.21%
Shriram Finance Limited Finance	0.21%	0.21%	0.21%
Dr. Reddy's Laboratories Limited Pharmaceuticals & Biotechnology	0.21%	0.44%	0.21%
Bosch Limited Auto Components	0.22%	0.20%	0.20%
Indus Towers Limited Telecom - Services	0.19%	0.72%	0.19%
PB Fintech Limited Financial Technology (Fintech)	0.18%	0.44%	0.18%
GAIL (India) Limited Gas	0.17%	0.64%	0.17%
Bharat Electronics Limited Aerospace & Defense	1.14%	0.16%	0.16%
Max Financial Services Limited Insurance	0.16%	0.52%	0.16%
Fortis Healthcare Limited Healthcare Services	0.16%	0.23%	0.16%
Power Grid Corporation of India Limited Power	0.16%	0.53%	0.16%
One 97 Communications Limited Financial Technology (Fintech)	0.16%	0.50%	0.16%
Varun Beverages Limited Beverages	0.57%	0.15%	0.15%
Exide Industries Limited Auto Components	0.21%	0.15%	0.15%
Bajaj Finserv Limited Finance	0.15%	0.71%	0.15%
The Phoenix Mills Limited Realty	0.15%	0.19%	0.15%
Delhivery Limited Transport Services	0.14%	0.40%	0.14%
Adani Green Energy Limited Power	0.14%	0.35%	0.14%
IDFC First Bank Limited Banks	0.14%	0.21%	0.14%
Biocon Limited Pharmaceuticals & Biotechnology	0.38%	0.12%	0.12%
HDFC Asset Management Company Limited Capital Markets	0.30%	0.12%	0.12%
Solar Industries India Limited Chemicals & Petrochemicals	0.20%	0.12%	0.12%
Bank of Baroda Banks	0.20%	0.12%	0.12%
Dabur India Limited Personal Products	0.12%	0.23%	0.12%
Hindustan Petroleum Corporation Limited Petroleum Products	0.12%	0.24%	0.12%
Max Healthcare Institute Limited Healthcare Services	0.26%	0.11%	0.11%
National Aluminium Company Limited Non - Ferrous Metals	0.11%	0.36%	0.11%
APL Apollo Tubes Limited Industrial Products	0.52%	0.10%	0.10%
Mphasis Limited IT - Software	0.27%	0.10%	0.10%
Hindustan Aeronautics Limited Aerospace & Defense	0.10%	0.60%	0.10%
Hero MotoCorp Limited Automobiles	0.10%	0.39%	0.10%
Axis Bank Limited Banks	0.10%	1.47%	0.10%
Sona BLW Precision Forgings Limited Auto Components	0.70%	0.09%	0.09%
Inox Wind Limited Electrical Equipment	0.20%	0.09%	0.09%
Syngene International Limited Healthcare Services	0.14%	0.09%	0.09%
SRF Limited Chemicals & Petrochemicals	0.09%	0.13%	0.09%
The Indian Hotels Company Limited Leisure Services	0.09%	0.09%	0.09%
Trent Limited Retailing	0.58%	0.08%	0.08%
Asian Paints Limited Consumer Durables	0.48%	0.08%	0.08%
Tata Motors Passenger Vehicles Limited Automobiles	0.08%	0.09%	0.08%
Bandhan Bank Limited Banks	0.08%	0.31%	0.08%
PNB Housing Finance Limited Finance	0.54%	0.07%	0.07%
Kalyan Jewellers India Limited Consumer Durables	0.34%	0.07%	0.07%
Indian Energy Exchange Limited Capital Markets	0.07%	0.10%	0.07%
Marico Limited Agricultural Food & other Products	0.83%	0.06%	0.06%
Godrej Consumer Products Limited Personal Products	0.10%	0.06%	0.06%
Havells India Limited Consumer Durables	0.06%	0.15%	0.06%
Info Edge (India) Limited Retailing	0.06%	0.11%	0.06%
Suzlon Energy Limited Electrical Equipment	0.06%	0.29%	0.06%
Muthoot Finance Limited Finance	0.06%	0.30%	0.06%
Godrej Properties Limited Realty	0.38%	0.05%	0.05%
Samvardhana Motherson International Limited Auto Components	0.30%	0.05%	0.05%
Indian Bank Banks	0.10%	0.05%	0.05%
Computer Age Management Services Limited Capital Markets	0.06%	0.05%	0.05%
Dalmia Bharat Limited Cement & Cement Products	0.05%	0.08%	0.05%
NBCC (India) Limited Construction	0.32%	0.04%	0.04%
United Spirits Limited Beverages	0.20%	0.04%	0.04%
Bharat Forge Limited Auto Components	0.18%	0.04%	0.04%
Bank of India Banks	0.15%	0.04%	0.04%
Oil India Limited Oil	0.04%	0.05%	0.04%
Bajaj Holdings & Investment Limited Finance	0.04%	0.10%	0.04%
Indian Oil Corporation Limited Petroleum Products	0.04%	0.06%	0.04%
Coal India Limited Consumable Fuels	0.04%	0.29%	0.04%
JSW Energy Limited Power	0.08%	0.03%	0.03%
IndusInd Bank Limited Banks	0.07%	0.03%	0.03%
Kaynes Technology India Limited Industrial Manufacturing	0.03%	0.09%	0.03%
ABB India Limited Electrical Equipment	0.03%	0.19%	0.03%
Zydus Lifesciences Limited Pharmaceuticals & Biotechnology	0.03%	0.07%	0.03%
RBL Bank Limited Banks	0.38%	0.02%	0.02%
360 One WAM Limited Capital Markets	0.09%	0.02%	0.02%
Mazagon Dock Shipbuilders Limited Industrial Manufacturing	0.09%	0.02%	0.02%
Cipla Limited Pharmaceuticals & Biotechnology	0.07%	0.02%	0.02%
Hindustan Unilever Limited Diversified FMCG	0.03%	0.02%	0.02%
Patanjali Foods Limited Agricultural Food & other Products	0.02%	0.16%	0.02%
Lupin Limited Pharmaceuticals & Biotechnology	0.02%	0.13%	0.02%
Oil & Natural Gas Corporation Limited Oil	0.02%	0.74%	0.02%
Petronet LNG Limited Gas	0.24%	0.01%	0.01%
Infosys Limited IT - Software	0.05%	0.01%	0.01%
BSE Limited Capital Markets	0.02%	0.01%	0.01%
Life Insurance Corporation Of India Insurance	0.01%	0.12%	0.01%
Lodha Developers Limited Realty	0.01%	0.11%	0.01%
Angel One Limited Capital Markets	0.01%	0.03%	0.01%
Hitachi Energy India Limited Electrical Equipment	0.01%	0.02%	0.01%
NHPC Limited Power	0.01%	0.27%	0.01%
Dixon Technologies (India) Limited Consumer Durables	0.01%	0.09%	0.01%
Prestige Estates Projects Limited Realty	0.01%	0.16%	0.01%
Tata Technologies Limited IT - Services	0.01%	0.01%	0.01%
Tube Investments of India Limited Auto Components	0.11%	0.00%	0.00%
Pidilite Industries Limited Chemicals & Petrochemicals	0.05%	0.00%	0.00%
PG Electroplast Limited Consumer Durables	0.00%	0.05%	0.00%
Bharat Petroleum Corporation Limited Petroleum Products	0.00%	0.22%	0.00%
Waaree Energies Limited Electrical Equipment	0.00%	0.10%	0.00%
Jindal Steel Limited Ferrous Metals	0.00%	0.07%	0.00%
Nuvama Wealth Management Limited Capital Markets	0.00%	0.01%	0.00%
ICICI Lombard General Insurance Company Limited Insurance	0.00%	0.02%	0.00%
Mankind Pharma Limited Pharmaceuticals & Biotechnology	0.00%	0.00%	0.00%
Tata Consultancy Services Limited IT - Software	0.00%	0.00%	0.00%

Unique to Axis Arbitrage

All top holdings are shared with the other fund.

Unique to Kotak Arbitrage

All top holdings are shared with the other fund.

Sector Overlap Breakdown

Banks

11.7% (15)

Finance

3.5% (11)

Telecom - Services

3.0% (3)

Pharmaceuticals & Biotechnology

2.8% (11)

Petroleum Products

2.6% (4)

Automobiles

2.4% (6)

Ferrous Metals

2.2% (4)

Retailing

2.0% (4)

Cement & Cement Products

1.8% (4)

Power

1.3% (7)

Diversified FMCG

1.2% (2)

Insurance

1.1% (6)

Auto Components

0.9% (7)

Consumer Durables

0.8% (7)

Healthcare Services

0.8% (4)

Electrical Equipment

0.8% (6)

IT - Software

0.8% (5)

Food Products

0.8% (2)

Non - Ferrous Metals

0.7% (3)

Construction

0.6% (2)

Transport Services

0.6% (3)

Transport Infrastructure

0.6% (2)

Realty

0.5% (5)

Agricultural Food & other Products

0.4% (3)

Financial Technology (Fintech)

0.3% (2)

Industrial Products

0.3% (2)

Capital Markets

0.3% (7)

Minerals & Mining

0.3% (1)

Fertilizers & Agrochemicals

0.3% (1)

Aerospace & Defense

0.3% (2)

Chemicals & Petrochemicals

0.2% (3)

Beverages

0.2% (2)

Gas

0.2% (2)

Personal Products

0.2% (2)

Leisure Services

0.1% (1)

Oil

0.1% (2)

Industrial Manufacturing

0.1% (2)

Consumable Fuels

0.0% (1)

IT - Services

0.0% (1)

More comparisons for Axis Arbitrage

vs DSP Arbitrage50.3% · 145 stocks
vs NIPPON INDIA ARBITRAGE49.0% · 146 stocks
vs IB33-GROWW NIFTY 200 ETF48.3% · 141 stocks
vs ICICI Prudential Equity - Arbi48.2% · 156 stocks
vs SBI Arbitrage Opportunities48.1% · 160 stocks

More comparisons for Kotak Arbitrage

vs IB33-GROWW NIFTY 200 ETF51.6% · 152 stocks
vs HDFC BSE 500 INDEX51.0% · 173 stocks
vs HDFC BSE 500 ETF51.0% · 173 stocks
vs ICICI Prudential BSE 500 ETF51.0% · 173 stocks
vs Axis Nifty 500 Index50.8% · 174 stocks

Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.