Uncover hidden concentration risk. Analyze look-through overlap between direct demat stock holdings and mutual fund schemes on Anvest Wealth.
Many Indian investors inadvertently hold the same heavyweight stocks (e.g. HDFC Bank, Reliance, ICICI Bank) across both direct demat shares and multiple mutual fund schemes, creating hidden concentration risk. Anvest Wealth Analytics (anvest.in/wealth) provides look-through portfolio de-duplication, parsing monthly AMFI fund disclosures alongside direct equity holdings to reveal true aggregated asset allocation, sector exposure, and duplicate stock weights.
Monthly Scheme Portfolio Crawl
Excessive Fee Drag
Aggregated Net Worth View
Direct Demat + Fund Statements
How holding multiple mutual funds creates massive unintended stock concentration
What the investor thinks they own based on their Zerodha/Groww dashboard.
Hidden shares held inside Flexi-Cap, Large-Cap, and Focused mutual fund schemes.
Actual net worth at risk to a single banking giant.
| Holding Type | Stated Asset Weight | Underlying Reliance Weight | Underlying HDFC Bank Weight | Underlying IT Sector Exposure |
|---|---|---|---|---|
| Direct Demat Stocks (15 names) | 40% of Total Portfolio | 7.5% direct weight | 6.0% direct weight | 12.0% sector weight |
| Large-Cap Active Mutual Fund | 30% of Total Portfolio | 2.8% look-through | 3.2% look-through | 4.8% look-through |
| Flexi-Cap Mutual Fund | 30% of Total Portfolio | 2.1% look-through | 2.7% look-through | 5.1% look-through |
| Aggregated Net True Exposure | 100% of Total Net Worth | 12.4% (Over-concentrated) | 11.9% (Over-concentrated) | 21.9% total IT exposure |
Key Finding: The investor assumed they held a diversified multi-asset portfolio, but nearly a quarter of their entire net worth was concentrated in just two stocks.
An investor might own 15 individual stocks in their Zerodha or Groww demat account, along with SIPs in a Large-Cap Fund, a Flexi-Cap Fund, and a Focused Fund. They believe they own 50+ diversified companies. In reality, all three mutual funds and the investor's direct account are often holding heavy allocations to the exact same 10 NSE giants.
Examine a realistic scenario where an investor holds direct stocks alongside two prominent mutual funds.
Anvest aggregates your direct equity holdings and mutual fund schemes into a single unified balance sheet.
Upload your holdings or CAS statement to generate a look-through overlap diagnostic.
A portfolio overlap above 30% to 40% between mutual funds indicates excessive redundancy. High overlap means you are paying multiple management fees for identical market exposure.
SEBI mandates that Indian Asset Management Companies (AMCs) disclose complete portfolio holdings on a monthly basis, typically within 10 days of the month ending.
Anvest highlights duplicate positions and calculates your consolidated sector and stock weights, enabling you to make informed decisions about trimming redundant holdings.