Axis NIFTY Bank ETF vs Kotak Nifty Bank ETF
Portfolio Overlap Analysis · Axis vs Kotak
Common Holdings (14)
| Stock | Wt% in Axis NIFTY Bank ETF | Wt% in Kotak Nifty Bank ETF | Overlap |
|---|---|---|---|
HDFC Bank Limited Banks | 19.70% | 19.69% | 19.69% |
ICICI Bank Limited Banks | 16.14% | 16.13% | 16.13% |
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% | 5.55% | 5.55% |
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% | 2.52% | 2.50% |
Yes Bank Limited Banks | 2.28% | 2.29% | 2.28% |
Unique to Axis NIFTY Bank ETF
All top holdings are shared with the other fund.
Unique to Kotak Nifty Bank ETF
All top holdings are shared with the other fund.
Sector Overlap Breakdown
Analysis
Axis NIFTY Bank ETF and Kotak Nifty Bank ETF show 100.0% overlap, which is high in MFXray's current universe. This pair ranks #75 out of 95,528 analyzed combinations. The catch is that this is a cross-AMC pair, so changing fund houses here does not really change the portfolio underneath.
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 Kotak Nifty Bank ETF 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
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More comparisons for Kotak Nifty Bank ETF
- vs Mirae Asset Nifty Bank ETF100.0% · 14 stocks
- vs Motilal Oswal Nifty Bank Index100.0% · 14 stocks
- vs NIPPON INDIA ETF NIFTY BANK BE100.0% · 14 stocks
- vs SBI Nifty Bank ETF100.0% · 14 stocks
- vs HDFC NIFTY BANK ETF100.0% · 14 stocks
Overlap calculated on equity holdings only. Debt, government securities, and cash are excluded.