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Mutual Fund Overlap Calculator

With the FinEdge Portfolio Health Check

Goes beyond fund-to-fund overlap to read your portfolio’s structure — whether you hold more funds than the design needs, whether small positions are fragmenting it, and where company exposure concentrates.

Upload a CAS or portfolio statement for a ranked diagnosis of what deserves attention, with the overlap, allocation and company evidence behind it. Or select two or more funds for a quick comparison.

Equity funds and eligible hybrids · other imported schemes stay in your inventory, outside stock overlap.

Start with your CAS or portfolio statement

Excel (.xlsx/.xls), CSV or digital-text PDF/CAS. No scans or screenshots.

Your file is read in this browser and never uploaded. No AI. When you run the Health Check, only de-identified fund-level figures (no names, folios or file) go to FinEdge, and are not stored.

How to use

  1. 1. Add your investments

    Open Excel (.xlsx/.xls), CSV or a digital-text PDF/CAS, or select at least two equity funds or eligible hybrids.

  2. 2. Check the inventory

    Identified schemes stay in your inventory, including debt and gold. Resolve only uncertain identities or values that affect the comparison.

  3. 3. Read the diagnosis, then the evidence

    With current values for your eligible funds, the Health Check ranks what deserves attention. Fund pairs, company and sector exposure and allocations sit underneath.

What the figures mean

Pairwise overlap adds the lower disclosed weight of each company both funds hold. It does not depend on your investment amounts.

Shared stock exposure uses current fund values. Its denominator is identified company shares in the analysed funds, not debt, gold, cash or unresolved holdings. Pairwise percentages are never added together. When shared holdings matter, and when they don’t, is explained in our overlap guide.

How the Portfolio Health Check reads structure

Over-diversification is holding more schemes than a coherent design needs, so extra funds mostly repeat the same market. Fragmentation is a spread of small positions that barely shape the result. They are different and can occur together. A focused set of diversified funds held for an enduring role is often a sound base; overlap alone is not a verdict. How many funds an intended portfolio needs, and what role each plays, is a portfolio construction question.

The diagnosis covers equity funds and eligible hybrids with current values, scaled to portfolio size; other fund types are stated, not judged. Selected funds get a comparison, not a whole-portfolio verdict. It is not an assessment of your goals or a buy, sell or switch recommendation — any change belongs in a portfolio review with your Investment Manager.

Companies held by three or more funds. The Health Check weighs fund sizes, small positions and repeated companies together.

Illustrative structure · no real funds or values

Try an eight-fund example

Worked example: two funds, two different measures

Fund A · ₹6 lakhFund B · ₹4 lakh

15%

Fund-to-fund overlap

₹1,72,000

17.2% in shared company shares

Fictional example · not a rating

Try Example

In the fictional ₹10 lakh example, Alpha contributes ₹60,000 + ₹28,000 = ₹88,000; Beta contributes ₹48,000 + ₹36,000 = ₹84,000. Together, ₹1,72,000 is 17.2% of identified company shares. The same funds have 15% pairwise overlap. Two companies are shared; 40 are held by only one fund.

Fictional holdings and values: 30 September 2026. Not a real fund portfolio or recommendation.

Make the next decision with context

Method and supported-input review: 14 October 2026. Holdings reflect each fund’s stated disclosure date, not live market data. Files, passwords, values and folio details stay in this browser tab; only fund identifiers are requested for disclosed holdings. No AI reads your document.

Loading the latest available fund disclosures…

Sample Portfolio Health Check

Elevated risk of overdiversification, with signs of fragmentation

Illustrative analysis of an actual mutual fund portfolio, with personal details removed. Fund names and amounts are as stated; holdings are each fund's latest disclosure (to 2026-09-30).

Portfolio value
₹68.90 L
Equity & hybrid funds analysed
14
Value analysed
₹40.78 L
Set aside (not company shares)
₹28.11 L

Where the money sits

  • Invesco India Small Cap Fund Regular-Growth₹10.80 L · 26.5%
  • Kotak Small Cap Fund Regular-Growth₹7.73 L · 19.0%
  • Franklin India Flexi Cap Fund Regular-Growth₹6.75 L · 16.5%
  • DSP Large & Mid Cap Fund Regular-Growth₹6.46 L · 15.8%
  • Edelweiss Flexi Cap Fund Regular-Growth₹3.18 L · 7.8%
  • Invesco India Mid Cap Fund Regular-Growth₹2.81 L · 6.9%
  • DSP Value Fund Regular-Growth₹98,447 · 2.4%
  • ICICI Prudential Multi Cap Fund-Growth₹97,244 · 2.4%
  • HDFC Flexi Cap Fund Regular-Growth₹29,574 · 0.7%
  • Motilal Oswal Large and Midcap Fund Regular-Growth₹20,942 · 0.5%
  • Edelweiss Mid Cap Fund Regular-Growth₹20,267 · 0.5%
  • HDFC NIFTY Next 50 Index Fund Regular-Growth₹19,290 · 0.5%
  • Mirae Asset Healthcare Fund Regular-Growth₹10,493 · 0.3%
  • Motilal Oswal Nifty Capital Market Index Fund Regular-Growth₹10,177 · 0.2%

Set aside from stock analysis: Axis Greater China Equity FoF Regular-Growth (₹5.78 L); DSP Arbitrage Fund Regular-Growth (₹2.81 L); Edelweiss Arbitrage Fund Regular-Growth (₹1,775); Edelweiss Gold and Silver ETF FoF Regular-Growth (₹7.03 L); Franklin India Arbitrage Fund Regular-Growth (₹1.89 L); Invesco India Arbitrage Fund Regular-Growth (₹3.30 L); Motilal Oswal Gold and Silver Passive FoF Regular-Growth (₹9,284); SBI Gold Fund-Growth (₹7.19 L).

What the Health Check found

A diagnosis of structure, not a verdict on your goals. This reads your equity and hybrid funds (₹40.8 lakh); 40.8% of your statement value is in other fund types, counted in your inventory but outside this check.

  1. 1. Elevated risk of overdiversification

    14 distinct equity and hybrid schemes for ₹40.8 lakh of current value. By value, the portfolio behaves more like 5.9 equally sized funds, so several holdings carry little weight.

    Next decision: Review which funds carry a distinct, lasting role and which duplicate one another. A FinEdge Investment Manager can take you through this against your goals.

  2. 2. Several funds too small to shape results

    Your 8 smallest funds hold 7.5% of the value checked between them, from 0.2% to 2.4% each.

    Next decision: For each small holding, decide whether it deserves a meaningful allocation or no place at all.

See the overlap evidence: shared companies and fund pairs

Largest company exposures across the portfolio

  • ICICI Bank Ltd. · via 7 funds3.8%
  • HDFC Bank Ltd. · via 5 funds2.8%
  • Eternal Ltd (formerly Zomato Ltd) · via 7 funds2.3%
  • Axis Bank Ltd. · via 6 funds2.3%
  • Krishna Institute of Medical Sciences Ltd · via 4 funds1.6%
  • Sai Life Sciences Ltd. · via 3 funds1.6%
  • Prestige Estates Projects Ltd. · via 7 funds1.5%
  • Interglobe Aviation Ltd. · via 5 funds1.4%
  • Max Healthcare Institute Ltd. · via 7 funds1.4%
  • State Bank of India · via 5 funds1.3%

Most overlapping fund pairs

  • Franklin India Flexi Cap Fund Regular-Growth & HDFC Flexi Cap Fund Regular-Growth · 26 shared47.3%
  • DSP Large & Mid Cap Fund Regular-Growth & DSP Value Fund Regular-Growth · 29 shared47.2%
  • Invesco India Mid Cap Fund Regular-Growth & Invesco India Small Cap Fund Regular-Growth · 32 shared43.4%
  • Edelweiss Flexi Cap Fund Regular-Growth & Franklin India Flexi Cap Fund Regular-Growth · 28 shared42.6%
  • Edelweiss Flexi Cap Fund Regular-Growth & Edelweiss Mid Cap Fund Regular-Growth · 57 shared40.4%
  • DSP Large & Mid Cap Fund Regular-Growth & HDFC Flexi Cap Fund Regular-Growth · 20 shared39.1%

The Health Check reads fund structure only; it does not assess goals, risk appetite or funds outside equity and hybrid categories. Sample prepared 2026-10-15.