Your portfolio's look-through
Why two funds can own the same companies, and how this site works out what a set of funds owns between them.
This explains how things work. It is not advice about what to buy, sell or hold.
Funds hold companies
A fund is a basket of holdings, and every month it publishes the basket: its Portfolio disclosure lists each holding with its share of the fund. Two funds with different names, from different fund houses, can hold many of the same companies, especially in the same category.
Adding funds up
A Look-through weights each fund's holdings by the money in that fund and adds them together. A company held by three funds then shows once, with its total, which can be larger than any one fund's holding of it suggests.
When funds hold the same things
Zerodha Varsity looked at three large cap funds from different fund houses: each held one bank at about a tenth of its money, and about half their top holdings were shared. Funds with a high Portfolio overlap tend to rise and fall together, and each charges its own expense ratio on the shared part.
How this site works it out
The portfolio page weights each fund's latest disclosure by what that holding is worth, in the browser. Companies are matched by issuer, so a company's shares and its bonds count as one. Holdings a disclosure names in ways that cannot be matched are shown separately rather than dropped. The compare page shows the overlap of each pair of funds.
Sources
- Zerodha Varsity zerodha.com/varsity/chapter/the-mutual-fund-portfolio/ checked 02 Oct 2026
- SEBI www.sebi.gov.in/sebi_data/faqfiles/sep-2024/1727242783639.pdf checked 02 Oct 2026