Mutual funds holding both Canara Bank and HDFC Bank

Comparing mutual fund co-ownership helps identify hidden asset concentration. Our reverse lookup database shows that 7 mutual funds hold active equity positions in both Canara Bank and HDFC Bank. The scheme with the highest combined exposure is Nippon India Banking & Financial Services Fund (Nippon India MF), which holds a 1.83% stake in Canara Bank and a 18.28% stake in HDFC Bank, amounting to a combined conviction weight of 20.11%.

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.