Mutual funds holding both Axis Bank and Canara Bank

Comparing mutual fund co-ownership helps identify hidden asset concentration. Our reverse lookup database shows that 6 mutual funds hold active equity positions in both Axis Bank and Canara Bank. The scheme with the highest combined exposure is Nippon India Banking & Financial Services Fund (Nippon India MF), which holds a 9.34% stake in Axis Bank and a 1.83% stake in Canara Bank, amounting to a combined conviction weight of 11.17%.

When multiple mutual funds in your portfolio double-up on the same stock pairs, it limits your diversification benefits. If you also hold either of these companies directly in your demat account, your aggregate exposure is amplified. This co-ownership pattern is standard among index-tracking products but represents active, concentrated strategies in equity schemes.