Mutual Fund Overlap Checker

Compare any two Indian mutual funds and see how much their portfolios overlap by weight — the sum of the smaller weight of every stock they both hold. Great for spotting funds that duplicate each other.

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Pick two funds and click Compare Overlap.
New to overlap? Read our guide: Mutual Fund Portfolio Overlap Explained →

What this fund overlap checker does

Owning five mutual funds feels diversified — until you realise four of them hold the same dozen large-cap stocks. This tool compares any two Indian mutual funds and shows the exact portfolio overlap by weight, plus the full list of stocks both funds hold and how much each one commits. It turns "I own several funds" into a clear answer to "how much of my money is actually in different companies?"

How to use it

  1. Search and pick the first fund (start typing the scheme name).
  2. Pick the second fund you want to compare it against.
  3. Read the overlap percentage, then scroll the shared-holdings table to see which stocks drive it.

How to read the overlap score

Overlap is naturally high between funds of the same category. To cut it, pair funds with different mandates — a flexi-cap with a small-cap, or an equity fund with a sectoral or international fund. Once you have compared two funds, use the Portfolio X-Rayto see your combined exposure across your whole set of funds.

Frequently Asked Questions

Portfolio overlap is the share of two funds that is invested in the same stocks. If two funds each hold Reliance, HDFC Bank and Infosys at similar weights, a large part of your money is riding on the same companies even though you own two different schemes. Overlap is usually expressed as a percentage of common weight — the sum of the smaller of the two weights for every stock both funds hold.
There is no official cut-off, but a common rule of thumb: under 30% overlap the two funds are genuinely diversifying each other; 30–50% means meaningful duplication; above 50% you are largely paying two expense ratios for one portfolio. Two funds in the same category (e.g. two large-cap funds) often overlap 60–80% because they fish in the same pond of index heavyweights.
Most actively managed Indian equity funds are benchmarked to the same indices, so the top holdings — the largest listed companies — tend to repeat across schemes from different AMCs. Overlap is highest between funds of the same category and lowest when you combine different mandates (for example a flexi-cap with a small-cap or a sectoral fund).
Every Indian AMC publishes a full month-end portfolio disclosure under SEBI rules. WealthKit reads those disclosures, matches holdings across funds by ISIN, and computes the shared weight. Figures reflect the latest disclosure available for each fund, so two funds may be dated to different months when their AMCs publish at different times.
Yes. The overlap checker is completely free, needs no sign-up, and runs on live data from the latest monthly disclosures.