By WealthKit · 6 min read · Published Jul 2026 · Updated Jul 2026
Every fact page on WealthKit — every fund holding, every "what changed this month" section — is built entirely from one source: the monthly portfolio disclosure every Indian mutual fund is legally required to publish. Most investors have never actually opened one of these files. Here's what's in them.
SEBI requires every mutual fund scheme to disclose its complete portfolio — not a summary, the entire list of holdings — within a set number of days after each month ends. This is a transparency requirement: unlike a company's quarterly results, which only need to be filed four times a year, a fund's portfolio has to be made public every single month, because a fund's holdings can change far more often than most people assume.
In practice, each AMC (Asset Management Company) publishes these as a workbook — usually one sheet per scheme — on a dedicated page of its own website, typically titled something like "Monthly Portfolio Disclosure" or "Statutory Disclosures".
A typical disclosure lists, for every holding: the instrument name, its ISIN (a unique 12-character identifier for that specific security), the industry or credit rating, the quantity held, the market value of that holding in rupees (usually in lakhs), and — the number most people actually care about — the percentage of the fund's net assets that holding represents, commonly written as "% to NAV".
That last figure is the one that matters most for understanding a fund's actual exposure. A stock held at 8% to NAV is a meaningful position the fund manager has real conviction in; a stock at 0.3% is a minor position that barely moves the fund's returns either way.
Disclosures also include non-equity lines — cash, TREPS (a short-term money-market instrument funds use to park idle cash), and for hybrid or debt funds, bonds and government securities. These matter because a fund that looks fully invested in equity on its factsheet might actually be holding 8-10% in cash at any given month.
The disclosures themselves are not standardised. Different AMCs use different column orders, different naming conventions for the same stock (sometimes with typos, trailing spaces, or outdated legal names after a company renames itself), and different file formats — some still publish legacy .xls files from the early 2000s alongside modern .xlsx workbooks. Comparing one fund's holdings to another's means normalising all of this by hand.
This is the specific problem WealthKit solves: it collects these disclosures directly from all the AMCs it tracks every month, cleans and standardises the stock names and sectors against the exchange's official listing data, and republishes them as a searchable, comparable dataset — plus a month-over-month diff so you can see exactly what a fund bought, sold, or resized without downloading a single spreadsheet yourself.
A monthly disclosure is a snapshot as of the last day of that month — not a live feed. A fund manager could buy or sell a large position on the 2nd of a month and you wouldn't see it reflected until that month's disclosure is published, typically with a lag of a week or two after month-end. For long-term portfolio decisions this lag rarely matters; for anyone trying to track very short-term fund manager behaviour, it's a real limitation worth knowing about.
Put this into practice
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