Look-through analysis

Portfolio
X-Ray

Your 5 mutual funds are not 5 bets — they're hundreds of overlapping stock positions. X-Ray consolidates them into a single weighted view of what you actually own.

X-Ray my portfolio → All tools

Sectors tracked

1,056

Funds analysed

AMFI data

Monthly holdings

What it does

Your real portfolio in one consolidated view

Enter your funds and allocations. Get a single aggregated breakdown of every stock and sector you truly own.

Sector allocation breakdown

See what percentage of your combined portfolio is in Financials, IT, Consumer, Healthcare — weighted by your fund sizes.

Top 20 stock positions

Ranked by weight. Find out if you're unintentionally over-allocated to a handful of mega-caps across your entire portfolio.

Market cap tilt

Know your effective large/mid/small cap split — not just which fund labels say but what you genuinely hold underneath.

Sample output

Sector view of a typical 4-fund portfolio

This investor held a Nifty 50 index, a flexi-cap, a mid-cap, and a banking ETF — thinking they were well-diversified. The X-Ray revealed 44% in Financials.

Sector Breakdown

Financials

44%

Information Technology

16%

Consumer Staples

Energy

Healthcare

Others

18%

How it works

Three steps to see
your real exposure

No spreadsheets. Just enter your funds and allocations — we do the look-through.

Add your mutual funds and allocations

Search any fund by name or AMC. Enter how much you've allocated to each (or use equal weights to explore).

We fetch each fund's latest holdings

Topsheet pulls the most recent AMFI monthly portfolio disclosure for every fund — every stock by ISIN, weight, and sector.

Get your consolidated X-Ray report

See sector weights, top stock positions, market cap tilt, and concentration flags — all in one aggregated view.

Frequently asked questions

Common questions

Everything you need to know about portfolio look-through analysis.

What is a portfolio X-ray for mutual funds?

A portfolio X-ray looks through your mutual funds to show the actual stocks and sectors you own underneath. Instead of just knowing you hold 5 funds, you see that 38% of your total portfolio is in financial stocks, 22% in HDFC Bank, Infosys, and ICICI Bank combined, etc.

How is this different from the overlap detector?

The overlap detector compares two funds pairwise. The portfolio X-ray aggregates all your funds together and shows your single consolidated view — weighted by your allocation. It answers "what do I actually own?" rather than "do these two funds share stocks?"

How does Topsheet calculate portfolio X-ray?

Topsheet fetches each fund's latest AMFI monthly holdings disclosure. We weight each stock by your allocation percentage in each fund, then sum up across all funds to produce a single weighted portfolio. Stocks are mapped to sectors using BSE/NSE classifications.

Why might my portfolio be more concentrated than I think?

Most large-cap, flexi-cap, and Nifty index funds hold the same top 10–15 large-cap stocks. If you hold 3 such funds with equal allocation, each fund's HDFC Bank weight (say 8%) adds up to a combined 8% HDFC Bank exposure — not the 2.7% you might assume from dividing equally.

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