Portfolio review

• Overlap: how much of your funds' portfolios are the same stocks.
• Track record: each fund against its index and its peers, with our ratings.
• Cost: what you pay each year in expense ratios, and where a cheaper option does the same job.
• Tax: unrealised gains and losses, the ₹1.25 lakh exemption and what selling would cost.
• Allocation and gaps: equity, debt and other assets against your goals and time frame.
• Housekeeping: nominations, KYC, joint holdings and folios to consolidate.

Owning more funds does not always mean more diversification. Among the five largest large cap funds, any two share about 50% of their portfolios; among the five largest flexi cap funds, about 33%.

A typical large cap fund's portfolio is 58% the same as a Nifty 50 index fund, at a cost of 2.07% a year for the Regular plan against 0.25% for the index fund. Paying active fees for an index-like portfolio is one of the most common costs we find.

• Your Consolidated Account Statement (CAS) from CAMS, KFintech or MF Central, which lists every mutual fund you hold.
• The CAS from NSDL or CDSL if you hold shares or bonds in a demat account.
• Statements for anything else: PMS, AIFs, deposits, insurance policies.

A clear written summary: what to keep, what to change and why, with the cost and tax of each change. You decide what to act on; we can carry it out for you.

1. Send your statementsCAS and anything else you hold.
2. We analyseOverlap, cost, track record, tax and gaps, with our fund data.
3. We talk it throughA call to go over the findings.
4. You decideKeep, change or switch, with the tax cost shown first.