Fund Overlap: April 2026 Data

🚩 Wall of Shame: Worst Fund Pairs

These specific pairs of funds hold almost identical portfolios. Worth checking if you own both.

If you bought an ELSS fund just for the Section 80C tax saving, and you also hold another equity fund from the same fund house, check your holdings. Several of these pairs show you might be holding one bet split across two funds, each with its own fee and exit-load clock, not two different bets.

📈 Mover of the Month

We compare each fund house's score against last month to catch a lineup that's converging (or genuinely diverging) in real time, not just where it sits today.

Its whole 3-fund lineup, compared pair by pair:

Arbitrage Fund (Regular Growth) ↔ Flexi Cap Fund (Direct Growth) is the one pair still climbing (0% → 17.09%). Likely worth checking if you hold both of these specifically, even though the fund house's overall score improved.

Its 11-fund lineup is too big to show as a full grid — the 5 pairs that moved the most:

Mid Cap Fund (Regular Plan) ↔ Multi Asset Allocation Fund - Regular Plan (Growth) is the one pair still climbing (0% → 55.25%). Likely worth checking if you hold both of these specifically, even though the fund house's overall score improved.

⚠ Bad Guys: Most Overlap

For each fund house, we averaged how much its own funds overlap with one another, weighted by holding size. A high score here is not a good thing — it means that fund house's different funds are, to a large extent, the same portfolio wearing different names.

Example: Shriram Mutual Fund scores 65.8%. That means if you picked two of its equity funds at random, on average about 66% of your money would be sitting in the same stocks in both. You'd have paid for two funds but really made one bet.

✓ Good Guys: Least Overlap

These fund houses' own funds genuinely give you different things to invest in — low overlap between their own lineup. Fund houses with very few comparable funds are left out, since one pair alone can be misleading.