8 funds hold both · as on May 2026
Comparing mutual fund co-ownership helps identify hidden asset concentration. Our reverse lookup database shows that 8 mutual funds hold active equity positions in both Happy Forgings and ICICI Bank. The scheme with the highest combined exposure is Kotak Business Cycle Fund (Kotak MF), which holds a 1.29% stake in Happy Forgings and a 7.96% stake in ICICI Bank, amounting to a combined conviction weight of 9.25%.
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.
| Fund | Happy wt. | ICICI wt. | Combined |
|---|---|---|---|
| Kotak Business Cycle FundKotak MF · Sectoral / Thematic | 1.29% | 7.96% | |
| Aditya Birla Sun Life Business Cycle FundAditya Birla SL MF · Sectoral / Thematic | 1.60% | 6.20% | |
| Aditya Birla Sun Life Flexi Cap FundAditya Birla SL MF · Flexi Cap | 0.22% | 5.84% | |
| Kotak Contra FundKotak MF · Contra | 0.63% | 4.79% | |
| Nippon India Flexi Cap FundNippon India MF · Flexi Cap | 0.08% | 4.67% | |
| Back to IndexMotilal Oswal MF · Index Fund | 0.01% | 4.51% | |
| Kotak Pioneer FundKotak MF · Equity (Diversified) | 0.92% | 2.95% | |
| Kotak Small Cap FundKotak MF · Small Cap | 1.24% | 1.86% |
These funds hold both stocks — see how much their entire portfolios overlap.
Check overlap of top funds →“Holds both” = the fund discloses an equity position in each stock in its latest public monthly portfolio (as on May 2026). Weight = the position as a % of that fund's portfolio. ISIN-verified from AMC disclosures. Not investment advice.