How can I analyse my whole mutual fund portfolio, not just one fund at a time?

The problem with analysing funds one at a time

Every fund page on every website tells you about one fund. But nobody owns one fund. You own six, and the questions that actually matter are questions about the six together:

• What did my money return — not what did each fund return?
• Which company am I most exposed to, counting every fund at once?
• Am I diversified, or do I own the same thirty stocks six ways?
• Which of these funds is actually adding anything?

None of those can be answered a fund at a time. They need the portfolio treated as one thing.

What happens when you upload a statement

You upload your CAS — the consolidated account statement from CAMS or KFintech that lists every mutual fund you hold across every AMC. The extractor reads it on the server and pulls out each scheme, its units, its value and its cost. That part is free, and the figures are taken from the statement exactly as they appear: nothing is re-priced, rounded or adjusted.

Then the portfolio is analysed in layers, and you choose how deep to go:

Moving up later costs the difference plus ₹5, not the full price again — a report you have already paid for is not charged for twice.

Your portfolio, measured as if it were one fund

This is the part most tools skip. Your holdings are blended into a single NAV series at your current weights, and then the ordinary fund measures are run on it: CAGR, standard deviation, Sharpe, Sortino, maximum drawdown, rolling returns, beta against a TRI benchmark. The output is one row that describes your portfolio the way a fund page describes a fund.

One deliberate decision worth stating, because it changes the number: the measurement window is the common window across all your holdings. If one fund is two years old, the whole portfolio is measured over two years. The alternative — dropping the youngest fund to stretch the history — would produce a longer, prettier track record of a portfolio you do not own.

Looking through the funds to the companies

Every fund's disclosed portfolio is combined into one list, so a company held by four of your funds appears once, at its real total weight. That is where the uncomfortable findings live: people who think they hold six funds routinely find a single bank is 6–8% of everything they own.

From the same look-through you get your true sector split, your market-cap split between large, mid and small, and the overlap between every pair of funds you hold — which is how you find out whether your six funds are six bets or two.

Finding the funds that are not earning their place

Each holding is shown against its own category and its own benchmark, over the window it has actually lived through. A fund that trails its benchmark over every window it has existed for is doing something different from a fund that trailed last year. The page separates those two cases rather than ranking everything by last year's return.

What it will not do is tell you to sell it. MF Analyser is not a SEBI-registered Investment Adviser or Research Analyst, so the page shows you what is true and stops there. The decision is yours or your adviser's.

How many funds is too many

There is no correct number, and anybody quoting one has not looked at your holdings. The real test is not the count — it is whether adding the next fund added anything. Two funds with 70% overlap are one fund with two fee structures; six funds spread across genuinely different mandates may be perfectly sensible.

So measure it instead of counting: look at the pairwise overlap and the combined company list. If removing a fund would barely change either, that fund is not doing much.

Privacy, plainly

Your statement is read to produce your analysis. Portfolios are scoped to the account that uploaded them — an adviser sees their own clients and nobody else's. The CAS extraction itself is never sold and never charged for.