Mutual funds holding both Axis Bank and Canara Robeco Asset Management Co Ltd/India

Comparing mutual fund co-ownership helps identify hidden asset concentration. Our reverse lookup database shows that 3 mutual funds hold active equity positions in both Axis Bank and Canara Robeco Asset Management Co Ltd/India. The scheme with the highest combined exposure is Aditya Birla Sun Life Banking And Financial Services Fund (Aditya Birla SL MF), which holds a 8.25% stake in Axis Bank and a 0.80% stake in Canara Robeco Asset Management Co Ltd/India, amounting to a combined conviction weight of 9.05%.

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.