Axis ELSS Tax Saver Fund vs Mahindra Manulife Aggressive Hybrid Fund

Axis vs Mahindra· Portfolio Overlap Analysis

46.1%High Overlap

35 common stocksRank #14424 / 20,000

Investor takeaway: At 46.1% 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 (35)

Stock	Wt% in Axis ELSS Tax Saver	Wt% in Mahindra Manulife Aggressive H	Overlap
HDFC Bank Limited Banks	6.54%	5.78%	5.78%
ICICI Bank Limited Banks	7.31%	5.76%	5.76%
Infosys Limited IT - Software	3.38%	2.93%	2.93%
Reliance Industries Limited Petroleum Products	2.82%	4.19%	2.82%
State Bank of India Banks	2.99%	2.20%	2.20%
Larsen & Toubro Limited Construction	2.97%	1.98%	1.98%
Tata Consultancy Services Limited IT - Software	1.67%	2.10%	1.67%
Axis Bank Limited Banks	1.65%	2.68%	1.65%
Mahindra & Mahindra Limited Automobiles	2.61%	1.58%	1.58%
Bharti Airtel Limited Telecom - Services	3.71%	1.56%	1.56%
UltraTech Cement Limited Cement & Cement Products	2.20%	1.46%	1.46%
Kotak Mahindra Bank Limited Banks	1.92%	1.40%	1.40%
Shriram Finance Limited Finance	1.60%	1.23%	1.23%
Titan Company Limited Consumer Durables	1.34%	1.17%	1.17%
Hindustan Unilever Limited Diversified FMCG	1.02%	1.65%	1.02%
TVS Motor Company Limited Automobiles	1.17%	0.92%	0.92%
Tata Motors Ltd Agricultural, Commercial & Construction Vehicles	0.91%	1.01%	0.91%
Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology	1.23%	0.85%	0.85%
Pidilite Industries Limited Chemicals & Petrochemicals	2.25%	0.84%	0.84%
CG Power and Industrial Solutions Limited Electrical Equipment	1.67%	0.84%	0.84%
Divi's Laboratories Limited Pharmaceuticals & Biotechnology	2.21%	0.78%	0.78%
Max Healthcare Institute Limited Healthcare Services	0.81%	0.75%	0.75%
Nestle India Limited Food Products	0.75%	0.73%	0.73%
Hyundai Motor India Ltd Automobiles	0.99%	0.69%	0.69%
Tata Steel Limited Ferrous Metals	1.04%	0.65%	0.65%
ICICI Lombard General Insurance Company Limited Insurance	0.54%	0.66%	0.54%
Trent Limited Retailing	0.49%	0.71%	0.49%
Vishal Mega Mart Limited Retailing	0.98%	0.46%	0.46%
Avenue Supermarts Limited Retailing	0.46%	1.18%	0.46%
Bajaj Finserv Limited Finance	0.44%	2.99%	0.44%
UNO Minda Limited Auto Components	0.43%	1.08%	0.43%
LG Electronics India Ltd Consumer Durables	0.36%	0.71%	0.36%
Tech Mahindra Limited IT - Software	0.27%	0.96%	0.27%
Dixon Technologies (India) Limited Consumer Durables	0.26%	0.63%	0.26%
Info Edge (India) Limited Retailing	0.23%	0.72%	0.23%

Unique to Axis ELSS Tax Saver

Bajaj Finance Limited3.34%

Unique to Mahindra Manulife Aggressive H

All top holdings are shared with the other fund.

Sector Overlap Breakdown

Banks

16.8% (5)

IT - Software

4.9% (3)

Automobiles

3.2% (3)

Petroleum Products

2.8% (1)

Construction

2.0% (1)

Consumer Durables

1.8% (3)

Finance

1.7% (2)

Retailing

1.6% (4)

Pharmaceuticals & Biotechnology

1.6% (2)

Telecom - Services

1.6% (1)

Cement & Cement Products

1.5% (1)

Diversified FMCG

1.0% (1)

Agricultural, Commercial & Construction Vehicles

0.9% (1)

Chemicals & Petrochemicals

0.8% (1)

Electrical Equipment

0.8% (1)

Healthcare Services

0.8% (1)

Food Products

0.7% (1)

Ferrous Metals

0.7% (1)

Insurance

0.5% (1)

Auto Components

0.4% (1)

More comparisons for Axis ELSS Tax Saver

vs CANARA ROBECO LARGE CAP63.5% · 40 stocks
vs Axis Large Cap63.3% · 40 stocks
vs CANARA ROBECO FLEXICAP60.7% · 43 stocks
vs Parag Parikh Large Cap58.1% · 45 stocks
vs HDFC NIFTY 100 ETF58.1% · 45 stocks

More comparisons for Mahindra Manulife Aggressive H

vs Mahindra Manulife Flexi Cap61.0% · 51 stocks
vs Mahindra Manulife Large Cap60.7% · 41 stocks
vs Mahindra Manulife ELSS Tax Sav59.9% · 50 stocks
vs ADITYA BIRLA SUN LIFE MSCI IND50.5% · 52 stocks
vs Kotak MSCI India ETF50.4% · 52 stocks

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