Axis Nifty 50 Index Fund vs IB43-Groww Nifty 50 Index Fund

Axis vs Groww· Portfolio Overlap Analysis

99.6%High Overlap

50 common stocksRank #1371 / 5,000

Investor takeaway: These funds overlap 99.6%. Holding both gives you almost no extra diversification. You are effectively paying two expense ratios for the same portfolio core.

Common Holdings (50)

Stock	Wt% in Axis Nifty 50 Index	Wt% in IB43-Groww Nifty 50 Index	Overlap
HDFC Bank Limited Banks	11.84%	11.79%	11.79%
ICICI Bank Limited Banks	8.59%	8.55%	8.55%
Reliance Industries Limited Petroleum Products	8.20%	8.17%	8.17%
Bharti Airtel Limited Telecom - Services	4.57%	4.55%	4.55%
Larsen & Toubro Limited Construction	4.38%	4.36%	4.36%
State Bank of India Banks	4.35%	4.33%	4.33%
Infosys Limited IT - Software	3.97%	3.95%	3.95%
Axis Bank Limited Banks	3.45%	3.44%	3.44%
Kotak Mahindra Bank Limited Banks	2.66%	2.65%	2.65%
Mahindra & Mahindra Limited Automobiles	2.64%	2.63%	2.63%
ITC Limited Diversified FMCG	2.63%	2.62%	2.62%
Tata Consultancy Services Limited IT - Software	2.34%	2.34%	2.34%
Bajaj Finance Limited Finance	2.30%	2.30%	2.30%
Hindustan Unilever Limited Diversified FMCG	1.80%	1.80%	1.80%
Maruti Suzuki India Limited Automobiles	1.69%	1.69%	1.69%
Sun Pharmaceutical Industries Limited Pharmaceuticals & Biotechnology	1.60%	1.60%	1.60%
NTPC Limited Power	1.58%	1.57%	1.57%
Titan Company Limited Consumer Durables	1.55%	1.55%	1.55%
Eternal Limited Retailing	1.54%	1.54%	1.54%
Tata Steel Limited Ferrous Metals	1.53%	1.52%	1.52%
Bharat Electronics Limited Aerospace & Defense	1.38%	1.38%	1.38%
Shriram Finance Limited Finance	1.31%	1.31%	1.31%
UltraTech Cement Limited Cement & Cement Products	1.30%	1.30%	1.30%
HCL Technologies Limited IT - Software	1.27%	1.27%	1.27%
Power Grid Corporation of India Limited Power	1.18%	1.17%	1.17%
Hindalco Industries Limited Non - Ferrous Metals	1.16%	1.16%	1.16%
JSW Steel Limited Ferrous Metals	1.03%	1.03%	1.03%
Bajaj Finserv Limited Finance	0.99%	0.99%	0.99%
Adani Ports and Special Economic Zone Limited Transport Infrastructure	0.97%	0.97%	0.97%
Bajaj Auto Limited Automobiles	0.96%	0.96%	0.96%
Eicher Motors Limited Automobiles	0.96%	0.95%	0.95%
Oil & Natural Gas Corporation Limited Oil	0.95%	0.94%	0.94%
InterGlobe Aviation Limited Transport Services	0.94%	0.95%	0.94%
Asian Paints Limited Consumer Durables	0.93%	0.93%	0.93%
Grasim Industries Limited Cement & Cement Products	0.93%	0.93%	0.93%
Coal India Limited Consumable Fuels	0.85%	0.85%	0.85%
Nestle India Limited Food Products	0.80%	0.80%	0.80%
SBI Life Insurance Company Limited Insurance	0.79%	0.79%	0.79%
Trent Limited Retailing	0.75%	0.75%	0.75%
Tech Mahindra Limited IT - Software	0.75%	0.75%	0.75%
Jio Financial Services Limited Finance	0.72%	0.73%	0.72%
Max Healthcare Institute Limited Healthcare Services	0.70%	0.70%	0.70%
Apollo Hospitals Enterprise Limited Healthcare Services	0.70%	0.70%	0.70%
Tata Motors Passenger Vehicles Limited Automobiles	0.69%	0.69%	0.69%
Dr. Reddy's Laboratories Limited Pharmaceuticals & Biotechnology	0.68%	0.68%	0.68%
HDFC Life Insurance Company Limited Insurance	0.67%	0.67%	0.67%
Cipla Limited Pharmaceuticals & Biotechnology	0.66%	0.66%	0.66%
Tata Consumer Products Limited Agricultural Food & other Products	0.64%	0.65%	0.64%
Wipro Limited IT - Software	0.50%	0.50%	0.50%
Adani Enterprises Limited Metals & Minerals Trading	0.49%	0.49%	0.49%

Unique to Axis Nifty 50 Index

All top holdings are shared with the other fund.

Unique to IB43-Groww Nifty 50 Index

All top holdings are shared with the other fund.

Sector Overlap Breakdown

Banks

30.8% (5)

IT - Software

8.8% (5)

Petroleum Products

8.2% (1)

Automobiles

6.9% (5)

Finance

5.3% (4)

Telecom - Services

4.5% (1)

Diversified FMCG

4.4% (2)

Construction

4.4% (1)

Pharmaceuticals & Biotechnology

2.9% (3)

Power

2.7% (2)

Ferrous Metals

2.5% (2)

Consumer Durables

2.5% (2)

Retailing

2.3% (2)

Cement & Cement Products

2.2% (2)

Insurance

1.5% (2)

Healthcare Services

1.4% (2)

Aerospace & Defense

1.4% (1)

Non - Ferrous Metals

1.2% (1)

Transport Infrastructure

1.0% (1)

Oil

0.9% (1)

Transport Services

0.9% (1)

Consumable Fuels

0.8% (1)

Food Products

0.8% (1)

Agricultural Food & other Products

0.6% (1)

Metals & Minerals Trading

0.5% (1)

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