Axis NIFTY Bank ETF vs Axis Nifty Bank Index Fund
Portfolio Overlap Analysis · Axis vs Axis
Common Holdings (14)
| Stock | Wt% in Axis NIFTY Bank ETF | Wt% in Axis Nifty Bank Index | Overlap |
|---|---|---|---|
HDFC Bank Limited Banks | 19.70% | 19.70% | 19.70% |
ICICI Bank Limited Banks | 16.14% | 16.14% | 16.14% |
State Bank of India Banks | 10.68% | 10.68% | 10.68% |
Axis Bank Limited Banks | 9.94% | 9.94% | 9.94% |
Kotak Mahindra Bank Limited Banks | 9.16% | 9.16% | 9.16% |
The Federal Bank Limited Banks | 5.55% | 5.54% | 5.54% |
IndusInd Bank Limited Banks | 4.72% | 4.72% | 4.72% |
Bank of Baroda Banks | 4.45% | 4.45% | 4.45% |
AU Small Finance Bank Limited Banks | 3.96% | 3.96% | 3.96% |
Canara Bank Banks | 3.90% | 3.90% | 3.90% |
IDFC First Bank Limited Banks | 3.60% | 3.60% | 3.60% |
Punjab National Bank Banks | 3.40% | 3.40% | 3.40% |
Union Bank of India Banks | 2.50% | 2.49% | 2.49% |
Yes Bank Limited Banks | 2.28% | 2.28% | 2.28% |
Unique to Axis NIFTY Bank ETF
All top holdings are shared with the other fund.
Unique to Axis Nifty Bank Index
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Analysis
Axis NIFTY Bank ETF and Axis Nifty Bank Index Fund show 100.0% overlap, which is high in MFXray's current universe. This pair ranks #74 out of 95,528 analyzed combinations. These funds also come from the same AMC, which makes the duplication less surprising but no less real.
The overlap is being driven mainly by banks exposure, which alone contributes 100.0% of the shared book. The biggest common positions are HDFC Bank Limited, ICICI Bank Limited, and State Bank of India. Those names account for a large chunk of why the two funds move similarly.
Axis NIFTY Bank ETF still keeps some identity through very little that stands apart in the top holdings, while Axis Nifty Bank Index Fund leans on very little that stands apart in the top holdings. That matters because the common core is doing most of the heavy lifting, and the unique sleeve around it is relatively small.
The practical takeaway is simple: holding both funds is likely giving you more duplication than diversification. This is the kind of pair that deserves a second look before you assume you are spreading risk.
More comparisons for Axis NIFTY Bank ETF
- vs Motilal Oswal Nifty Bank Index100.0% · 14 stocks
- vs Mirae Asset Nifty Bank ETF100.0% · 14 stocks
- vs SBI Nifty Bank ETF100.0% · 14 stocks
- vs HDFC NIFTY BANK ETF100.0% · 14 stocks
- vs Kotak Nifty Bank ETF100.0% · 14 stocks
More comparisons for Axis Nifty Bank Index
- vs Motilal Oswal Nifty Bank Index100.0% · 14 stocks
- vs Mirae Asset Nifty Bank ETF100.0% · 14 stocks
- vs SBI Nifty Bank ETF99.9% · 14 stocks
- vs HDFC NIFTY BANK ETF99.9% · 14 stocks
- vs Kotak Nifty Bank ETF99.9% · 14 stocks
Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.