What is portfolio overlap in small cap mutual funds?

Portfolio overlap occurs when two or more small cap mutual funds hold the same stocks. High overlap means the funds are not providing true diversification — if one stock falls, both funds are affected. This tool compares holdings across all small cap funds so you can identify how much common ground exists between any two funds.

How often is the small cap fund overlap data updated?

The portfolio overlap data is updated monthly after AMCs publish their official holdings disclosures. Small cap funds are required by SEBI to disclose complete portfolio holdings every month, and this tool processes those disclosures to show the latest overlap data.

Which stocks do most small cap funds hold in common?

Consensus picks are stocks held by the highest number of small cap funds simultaneously. These are companies that multiple fund managers have independently identified as worth holding. The overlap tool shows which stocks have the most consensus across the small cap fund universe.

Is it bad to have two small cap funds with high overlap?

High overlap between two small cap funds in your portfolio means you are effectively concentrating your risk rather than diversifying it. If you hold two funds that share 60% of their stocks, you would have been better off with one fund and lower expense costs. As a general guideline, overlap above 40-50% between two funds in your portfolio reduces the benefit of holding both.

What does a new entry or exit in a small cap fund mean?

A new entry means a stock was added to the fund's portfolio in the latest month that was not there the previous month. An exit means a stock was sold completely. These changes reflect the fund manager's conviction — fresh entries are often more meaningful as they represent new buying decisions, while exits show the manager has changed their view on a holding.

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Small Cap Fund
Overlap Analyser

Compare holdings across all small cap funds. Track 3-month entry & exit trends, find consensus picks, and search any stock across every portfolio.

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How does the small cap fund portfolio overlap analyser work?

This tool analyses the portfolio overlap between any two small cap mutual funds using the latest AMFI monthly disclosure data. Select two funds from the search boxes above and click Analyse Overlap — it shows you the exact percentage of stocks both funds share, which stocks are common, and which are unique to each fund. Overlap above 50% means you are paying two expense ratios for largely the same portfolio.

Why does this matter? If Nippon India Small Cap and SBI Small Cap both hold 60% of the same stocks, adding both to your portfolio adds no real diversification. Use this tool before investing in a second small cap fund to ensure it genuinely extends your portfolio.

Data source: AMFI monthly portfolio disclosures. Updated July 2026.

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Disclaimer: Data sourced from AMC monthly portfolio disclosures as mandated by SEBI/AMFI. This is not investment advice. Please consult a SEBI-registered investment adviser before making any investment decisions.

How does the small cap fund portfolio overlap analyser work?

Select any two small cap mutual funds from the dropdowns. The tool fetches the latest monthly portfolio holdings from AMFI disclosures and compares the stocks held by both funds. It shows the overlap percentage, common stocks and unique holdings for each fund — helping you avoid paying two expense ratios for the same underlying portfolio.

Why does portfolio overlap matter when choosing small cap funds?

If two small cap funds overlap by 60 percent or more, they hold the same stocks at similar weights. Investing in both adds no real diversification — you are effectively paying two expense ratios for one portfolio. Keeping overlap below 30 percent ensures your two funds genuinely take different bets across the small cap universe.

Small Cap FundOverlap Analyser

How does the small cap fund portfolio overlap analyser work?

How does the small cap fund portfolio overlap analyser work?

Why does portfolio overlap matter when choosing small cap funds?

Small Cap Fund
Overlap Analyser