Mutual Fund Portfolio Overlap Tool: Compare 5 funds to find common stocks

Published: July 26, 2017 at 10:25 am

Last Updated on

Use this free Mutual Fund Portfolio Overlap Tool to compare five mutual funds and find out the common stocks and percentage portfolio overlap. In an update to the Equity Mutual Fund Portfolio Comparison ToolI have added the ability to add missing funds in the sheet thanks to a suggestion by Jithu Raj. You can use this sheet to compare the portfolio of five equity mutual funds. It will also list the portfolios of debt mutual funds, but not compare them (but you can).

How to use the mutual fund portfolio overlap comparison tool?

If you are trying to build a diversified mutual fund portfolio (see how you can do this), then simply choose funds with an investment strategy that does not overlap much. For example, choose a bluechip fund and a mid/small-cap fund. Or a single multi-cap fund. Just 1/2 funds are enough for a  market-cap and sector diversified portfolio.

Most investors hold anywhere between 5- 50 mutual funds. Track the portfolio of the large cap funds in your portfolio for a couple of months and check the portfolio overlap. If it is anywhere above 60-70%, then there is not much point holding both funds (unless your portfolio is large and you are scared about putting it all in one AMC). That this, this tool can be used to ruthlessly trim down your portfolio.

Screenshots of mutual fund portfolio comparison tool

The main input sheet where I have chosen PPFAS LTVF, Quantum Long term Equity and HDFC Balanced for comparison.

mutual fund portfolio overlap tool screenshot inputs page

The results are shown below. Should be reasonably self-explanatory.

mutual fund portfolio overlap tool screenshot results page

Notice that the overlap is quite small. You can get the sector-wise comparison also.

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mutual fund portfolio overlap tool screenshot sector comparison

As an experiment, I have added debt fund rating summary as well

mutual fund portfolio overlap tool screenshot bond rating comparison page

To add a mutual fund, go to moneycontrol.com and search for your fund. Click on NAVS on the search drop-down to locate. Now head over to fund url and locate the fund code as mentioned in the sheet and enter.

snapshot from moneycontrol page

Creating such free tools take time and effort. You can support the site in many ways:

Download the  Mutual Fund Portfolio Overlap Tool (May 2019)

Download the  Mutual Fund Portfolio Overlap Tool (July 2017)

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M Pattabiraman author of freefincal.comM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Linkedin
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8 Comments

  1. What is the best way for comparing funds? i.e. As per funds under same category (LC, SC, MC etc) or funds across categories.

  2. Sir there has been some change in the data provided by Moneycontrol.
    As a result the data taken by “temp2” sheet is ok. But then the data is not getting copied in mf1 sheet.

    Similar is the case with other sheets.

    Highly thankful for this portfolio overlap calculator. It is helping a lot!.
    Would be glad if you could help with the error.

    Error is 1004. Module 3.
    Range(Cells(startv, 1), Cells(endv – 1, 5)).Select

  3. Hi Pattu,

    Quantum has hash in front of the stock names in Moneycontrol. So it wont match with any for overlap calculations. For your information if it can be handled by stripping it off after extract from moneycontrol.

    Regards
    Vijay

  4. sir
    while running the sheet for result error displaying as – Run-time error ’13’, Type mismatch.
    Reg.
    Sivaprasad

  5. I tried the Mutual Fund Portfolio Overlap Tool (May 2019). Seems like the Sector Weight on the “Result” tab is not bringing the weightage properly from the individual tabs (mf1, mf2, mf3, mf4, mf5). I see that in the Result tab, for a given Mutual Fund, the sector weight is 0; whereas, in the respective mutual fund’s tab it has weightage.

    For example, Birla Sun Life Equity Fund shows:
    >>> 0.00% as sector weight for “Computers – software”; whereas in it’s tab it has Infosys Ltd. (3.52%) , HCL Technologies Limited (1.78%).
    >>> Another example is that in the Result tab sector weight for “Chemicals – inorganic” is 0.00%, whereas it has Tata Chemicals Ltd. (3.25%).
    >>> Another example is that in the Result tab sector weight for “Chemicals – speciality” is 0.00%, whereas it has Atul Ltd. (0.51%).

  6. Hi, I am on Windows 10 OS and MS Office 2016, the MF Overlap screener does not work.

    Error message – Run type error 13
    Type mismatch.

    Please advise.

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