Mutual Fund Portfolio Overlap Comparison Tools

My article on Best Equity Funds is one of the most popular articles on Relakhs.com. I have been receiving lot of queries on how to compare and select the best Equity oriented mutual funds. I have noticed that many investors prefer to invest in lot of funds to achieve diversification. Too many funds, especially from the same Fund category may lead to unnecessary ‘Portfolio Overlap’.

Two seemingly different mutual fund schemes can own the same set of stocks. In such a scenario there is no real purpose of holding two funds. Portfolio overlap leads to redundancy.

In this post let us understand What is mutual fund portfolio? How to check the portfolio of stocks owned by your mutual fund? What is Mutual Fund Portfolio Overlap? How to compare and check mutual funds portfolio overlap? How to know common stocks owned by two or more funds? Which are the best and free online mutual fund portfolio overlap comparison tools?

What is Mutual Fund Portfolio?

A mutual fund is an entity that pools the money of many investors (unit-holders) to invest in different Financial Securities. These investments may be in shares, debt securities, money market securities or a combination of these, as per the fund’s investment objective.

Equity or Balanced (Hybrid) funds primarily invest in shares of companies. Whereas, Debt mutual funds invest in Fixed income securities.

How to check the Portfolio of Stocks owned by a Mutual Fund Scheme?

You can find the portfolio details of a mutual fund scheme on respective Fund House website (or) on online portals like moneycontrol.com or valueresearchonline.com.

For example – If you want to find out the portfolio of stocks owned by HDFC Top 200, follow the below steps;

  • Visit moneycontrol.com website.
  • Key in ‘HDFC Top 200’ (or your fund scheme name) in the SEARCH bar which is available at the top of the page.
  • Click on ‘Holdings’ under ‘Portfolio’ option (available at the left side of the page) to know about the list of stocks owned by this fund.How to check Mutual Fund portfolio holdings

What is Mutual Fund Portfolio Overlap?

Mutual Fund Overlap occurs when you own two or more mutual funds that may have similar investment objectives and therefore hold many of the same securities.

Let’s say you would like to invest in Fund ABC and also in Fund XYZ. After checking their portfolio holdings, you find that Fund ABC owns three companies’ stocks i.e., Infosys, TCS & SBI and Fund XYZ has invested in Infosys, TCS & Reliance.

Here, you could clearly see that there is too much of a portfolio overlap. Both the funds have invested in Infosys and TCS shares. These are the common stocks owned by both the funds.Mutual Fund Portfolio Overlap pic

As an investor, you don’t want too much of an intersection between the circles- you want the least amount of overlap possible.

Free Mutual Fund Portfolio Overlap Comparison Tools

You may use the below Mutual Fund Portfolio comparison tools to analyze the extent of portfolio overlap among the holdings of your mutual funds.

  • Equity Mutual Fund Portfolio – Overlap CheckerThis tool (MS Excel based) has been developed by Prof. Pattabiraman of freefincal.com. As of now, the Beta version of this tool is available. This Equity MF Portfolio comparison tool fetches the data from moneycontrol.com. At a time, you can compare the portfolios of three mutual fund schemes. Click here to download the Overlap Checker tool.Mutual Fund portfolio comparision tool
  • Online Portfolio Overlap ToolThis online tool is available on thefundoo.com website. You can compare the portfolio holdings of two mutual fund schemes online. Click here to use this online tool. 

Online mutual fund portfolio overlap comparison tool pic

Why & How to avoid Mutual Fund Overlap?

You may not achieve true ‘Diversification’ just by investing in too many mutual fund plans. You may be surprised to learn that many of your mutual funds overlap. There can be a real danger in mutual fund overlap, and you may not be as diversified as you think.

Having your mutual funds overlap with one another is not the end of the world. When you are comparing the portfolios of two mutual fund schemes, there will definitely be some overlap.. The real issue is the extreme case where you own several mutual funds in the same fund category, investing in the exact same stocks. You run the risk of not being properly diversified in your investing portfolio.

Better diversification can lead to ‘downside protection’ and ‘controlled volatility’. Diversification ensures that if one sector had poor performance, or one stock within a sector struggled, your entire investment kitty doesn’t go down the drain.

It is advisable to understand the type of investing objective of each mutual fund that you own (or planning to invest) and consider spreading out amongst large cap, mid cap, and small cap mutual funds. Also, it is better to avoid the owning too many funds managed by the same fund manager.

You may use the above tools when choosing a mutual fund to avoid portfolio overlap.

Continue reading :

(Image courtesy of Stuart Miles at FreeDigitalPhotos.net) (Visit freefincal.com for more excel-based free Personal Finance Calculators)

  • Swati says:

    Hi Sreekanth,
    After analyse my MF Portfolio, i found that i am investing in few MF’s which are overlapped.
    HDFC Top 100 Fund
    ICICI Prudential Bluechip Fund – Direct Plan
    SBI Blue Chip Fund Dir Plan-G
    Birla Sun Life Frontline Equity Fund

    Now, i have decided to discontinue SIP from few MF’s .

    Can you suggest from above list, which fund i need to get exit?

    • Sreekanth Reddy says:

      Dear Swati,
      All the above four funds primarily invest in giant and large-cap company stocks. Hence, the overlap among these would be very high.
      It is really not beneficial in multiple funds which are from same type or category.

      You may just retain HDFC Top 100.

      May I know your investment objective and time-frame??

      • Swati says:

        My investment objective is to create handsome corpus for 2 kids education and time frame is around 5-7 years.

        Right now,me and my spouse are doing SIP in below funds :-

        Mirae Asset Emerging
        Kotak Multicap
        HDFC Mid Cap Opportunities
        ICICI Prudential Long Term Equity Fund (Tax Saving)

        MF’s To Discontinue due to poor return :-

        HDFC Top 100 Fund
        ICICI Prudential Bluechip Fund
        SBI Blue Chip Fund Dir Plan-G
        Birla Sun Life Frontline Equity Fund

        Please suggest

        • Sreekanth Reddy says:

          Dear Swati,
          Since how long have you been investing in the below funds?
          HDFC Top 100 Fund
          ICICI Prudential Bluechip Fund
          SBI Blue Chip Fund Dir Plan-G
          Birla Sun Life Frontline Equity Fund

          Are you happy with the first set of MF schemes’ performance?

          Kindly read :
          * Multi-cap Mutual Funds Asset Allocation (NEW) Rules | SEBI’s New Norms
          * Calculate how much you need to invest for your Kid’s Education

        • Swati says:

          Happy with below MF’s :-

          Mirae Asset Emerging
          Kotak Multicap
          ICICI Prudential Long Term Equity Fund (Tax Saving) – Just fine

          HDFC Mid Cap Opportunities is just 1 year old so would like to give some time to grow.

          HDFC Top 100 Fund – Start in May’19
          ICICI Prudential Bluechip Fund – Start in May’19
          SBI Blue Chip Fund Dir Plan – Start in Jan’17
          Birla Sun Life Frontline Equity Fund-Start in Jan’17

          • Sreekanth Reddy says:

            Dear Swati,
            As mentioned, the below funds are all large cap oriented ones.
            HDFC Top 100 Fund – Start in May’19
            ICICI Prudential Bluechip Fund – Start in May’19
            SBI Blue Chip Fund Dir Plan – Start in Jan’17
            Birla Sun Life Frontline Equity Fund-Start in Jan’17

            You can retain one (may be HDFC fund) and divert the funds to other existing MF Schemes.
            If your investment time-frame is around 5 years, can reduce allocation to mid-cap and invest more in large cap fund and can also equity hybrid fund.

          • Swati Arora says:

            I don’t have any idea on equity hybrid fund.
            Can u suggest some?

            Also, my husband has suggested below international MF’s to diversify investments:

            Motilal Nasdaq 100 ETF
            Franklin Feeder
            Icici us opportunities fund

            What’s ur opinion on these?

          • Sreekanth Reddy says:

            Dear Swati,
            Ex : HDFC Hybrid Equity fund or ICICI Equity and Debt fund

            You can allocate a portion of your funds to international ETF Fund (ex: Motilal)

          • Swati Arora says:

            Thx Sreekanth !!

          • vijay says:

            looks like you are chasing returns –

  • vivek says:

    Good day Sree

    I had prudently picked funds based on overlap etc but from the past 9 months, the below funds of mine have been tanking and making severe losses (going negative). Am doing SIP on them, with the negative appreciation, is it still advisable to continue investing? or should I stop for some time, kindly suggest…

    ABSL Equity Fund – Growth-Direct
    L&T Emerging Businesses Fund Direct Growth
    SBI Blue Chip Fund Dir Plan-Growth
    Franklin India Smaller Companies Fund – Direct
    Mirae Asset Emerging Bluechip Fund – Direct – Growth

    • Sreekanth Reddy says:

      Dear vivek,
      The listed funds are decent choices.
      May I know your investment objective(s) and time-horizon..

      • vivek says:

        Hi Sree…
        Objective is to have good returns from 3-4 yrs onwards… like atleast 12% PA….

        Should i stick on with investing in these thru SIP still?

        thanks
        Vivek

        • Sreekanth Reddy says:

          Dear vivek,
          Do you need to withdraw these investments 3 years from now?

          • Vivek says:

            Not really. I will stick with them for years but i would want to see returns and may want to encash the returns from year 3 onwards Sree. I’m done with year 1 of investing btw..

          • Sreekanth Reddy says:

            Dear Vivek,
            You may reduce your exposure to Small cap funds (Franklin & L&T) and divert the allocation to an Hybrid fund instead.

  • Roshni says:

    Brilliant !! I didn’t know people have created overlap-finder. So useful!! Bless you all for sharing freely your knowledge and expertise.

    Thank you for this lovely article, Sreekanth!

    Btw I’d like to share with you that there are times when I’ve deliberately chosen funds from two different AMC’s around the same theme. This is my “research” – real data which I can use to come to my own conclusions for e.g. expense ratios and effect on returns, turnover and effect on returns.
    I’m a beginner and I find the tons of numbers available on the internet overwhelming and sometimes contradictory too. Hence my very own research 😉 🙂 Plus I’ve lots of time. 🙂

  • Yavika says:

    Hi Sreekanth, thanks for articles on all these tools …I was not even aware of these! May I ask how much of portfolio overlap is an accepted norm. I compared few large cap funds and they all seem to have atleast 40% overlap and few as high as 58% overlap .So i was confused.
    regards

    • Dear Yavika,
      Though overlap is a good analytical tool, its not the deciding factor when shortlisting a fund.
      There is no rule of thumb, but let’s say if overlap is as high as 60%, there is no point in adding multiple funds to ones portfolio.
      Also, note that the funds’ portfolios change over a period of time, but we cant keep churning our MF portfolio based on Overlap indicator.
      We can pick 2 to 4 good funds based on financial goals and just keep track of them.

  • Raj Patel says:

    Hi Sreekanth,

    Its very nice blog. Very Informative. I need to invest in tax saving fund plus long term inverstement atleat for 10 years. For starting I filter following MF based on varius articale. Let me know which MF I need to choose. I am planning to invest 1 lakh rs per year.

  • kaviraj soniah says:

    Hello Sir,

    Actually am doing an analysis on American Depositary Receipts(ADR). We do have several funds holding these ADR’s.
    Apart from portfolio overlap, can i perform some other analysis like country overlap, sector overlap. Would that be useful for investors and whether the funds have the same objectives and how to do that.

    What other research can be done apart from the above to help investors in their investment?

    Thanks
    Kaviraj

  • Nasrulain says:

    Hi,
    I am new to investments and I would like to invest on Mutual Funds. My objective is to do tax saving along with some good returns and tenure is for 3 years.

    Could you please suggest me on which firm I can invest, 1 or more ?

    Thanks,
    NAs

  • srikanth says:

    Hi Sreekanth,

    I’m planning to invest 3000/- in Axis Long Term Equity Fund and another 3000/- in Franklin India Taxshield in order to save income tax . Let me know if I have chosen the right funds to invest ?? Any other options if you can suggest ??

    Thanks,
    Srikanth

  • Sankar says:

    Hi,

    Can you share some information about the fund Religare Invesco Dynamic Equity Fund – Direct Plan? I saw ET that it is one of the good fund. Will you recommend to invest in this fund?

    • Dear Sankar,
      It is a typical Large Cap Fund. There can be plenty of good and consistent performers. If you are convinced with its past performance, kindly invest in it.
      Looks like it has LOW risk grade and ABOVE AVERAGE return grade.
      May I know your investment horizon?

      Read: Best Equity funds 2016.

  • Sankar says:

    Wow, what a blog ya?? soooo much information. Great service!!!

    I saw the online tool to identify the MF overlap. Till what percentage of portfolio overlapping we can consider it is ok to invest. Please advise.

    Regards
    Sankar

  • Vishvajeet says:

    hows to learn investment plan. Also, I’m looking for investment. my monthly salary is 45000 and having a loan of 18000 per month. I can invest 10k per month. kindly let me know that best option for 10 year to 15 year plan

  • Sam says:

    Hi Sreekanth . I am planning to invest money in mutual funds to save tax and get some benefit out of it .I am ready to take risk but not very high risk . I am looking to invest the around 1 lakhs per year overall (divided among different funds) for a period of 10-15 years . Can you please suggest on how to proceed with it ? I also have one more question . Does investing in mutual funds helps me in tax savings ? FYI . I am very new to it and any suggestion will be appreciated .

  • Raj The Heart Stolar says:

    Please suggest me two ELSS funds to invest 4tax saving.Also suggest these two funds r gud for investment-Birla SL MNC nd Sundaram Select Midcap. (Already sip is going) .Thanx nd Regards

  • kishore says:

    Hi Srikanth
    I would like to invest a lump sum amount of 2.5 lakh INR. my investment horizon is 10 years. Following the initial lump sum i would like to do SIP of INR one lakh rupees/month again for a horizon of 10 years. May i please kindly request you to suggest appropriate mutual funds for my above mentioned plans.

    • Dear kishore,
      You may pick one equity diversified fund + One mid/small cap fund + a small portion in a balanced fund.
      Ex- Franklin prima plus + HDFC midcap opp fund + TATA balnced fund.

  • vasu narayana says:

    Vasu narayana 24age
    May per month 5000ruppes ppf may 3000 and mutual funds may 2000 investment karna chatam 20years thak plz suggested me good mutual funds

  • Nakul says:

    Excellant article. I have started doing SIP from 4 months.
    1. MIRAE ASSET INDIA OPPORTUNITIES FUND –
    2.SBI Magnum MidCap Fund
    3.ICICI Prudential Focused Bluechip Equity Fund – G
    4.Franklin India Balanced Fund-G
    I am investing 5000/- in each monthly. want to invest for 15 yrs. What do you think. Should i change any fund.pls have a look and suggest.

  • Udayakumar says:

    Dear Sree,
    I am going through overlap calculator at thefundoo.com. Can you suggest what percentage of overlap can be considered good?
    Thanks

    • Udayakumar says:

      Sree,
      Also please explain how to interpret the diagrams in the website thefundoo.com

      • Dear Udayakumar,
        There is no hard n fast rule for the % of overlap..Say if the overlap is 60% then it is better to drop one fund from the portfolio and pick another one (may be from a different fund category).
        For example : If Fund A has 40 stocks in its portfolio & Fund B has 54 stocks, with 14 stocks as ‘common stocks’ then
        you can read it as ; 14 common stocks, 26 (40-14) stocks as uncommon stocks in Fund A , 40 (54-14) stocks as uncommon stocks in fund B. You can also view % weightage of these common stocks in respective fund portfolios.

  • Aasu says:

    Hello Mr Sreekanth reddy
    Kindly suggest me some MF by which I can avail tax saving as well as future goal…
    My future goals are
    1. 40 lacks for daughter marriage after 25 year
    2. 25 lacks for Child education after 16 year
    Also please tell between SIP or lumsum investment in MF, which one is good?!?

  • VIDHI says:

    hi sreekanth
    i recently started to read your articles.
    i m 35 yrs interested in corpus building and i recently joined your world of MFs thru’ SIPs.
    SBI magnum global fund-reg-2000/, Reliance tax saver- growth plan-3000/, Axis long term equity fund-6000/ and DSP tax saver fund -reg-g-3000/ plus i have started with ppf 150000/ plus i have two lic policies amounting 48000 (jeevan saral and jeevan jyoti)
    i plan to build a corpus of 1c in 15 years and can invest 50000 pm.kindly suggest.

  • malik sayani says:

    Dear sreekanth,
    I want to invest money in some new company. Which is very newly in market. I want to take risk. Either their pay me out of thinking or i lose the money. How and where i get list of new company. In some real story i hear like wipro or some good company where people made lot of money due to his luck or may b hard work of entrepreneur. Plz suggest me. I wil thankful to u.

  • Malik Sayani says:

    Hi sreekanth,
    my child is two years old and i want to invest 100000 rs in lumsum in one year.Tell me some plan where i invest to get better return. I want to keep continuing for 15years.thanks bro

    Malik

  • Rajesh says:

    Hi Sreekanth, Great informative article. I have already started sip in below funds from 2015. Now, I want to invest extra 4000 pm in some midcap or small cap or Balanced fund(my age is 29). Please suggest one more good fund for long term(5 to 10 years) investment. I have selected “Franklin India Smaller Cos Fund-G”, but there is 30% overlap with HDFC mid-cap. Please suggest one good fund. Thanks.

    HDFC mid-cap opp. growth (MidCap) – 3000
    ICICI focused bluechip growth (LargeCap) – 3000

  • Archana says:

    Is it good to invest in sip during bull/ bear?

  • Anitha says:

    Hi !
    A very informative blog .

    I ma 25. I would like to know how to diversify my SIP investments

    Thanks in advance

  • Dear Sir,

    I am awaiting for your reply as soon as possible for my early mails. I am aged 41 years and ready to take to high risk in the portfolio management.

    Thanking you.

  • S.Chokkalingam says:

    Dear Sir,
    I have invested in the below mentioned funds. I kindly request you to help me to analyse my portfolio and suggest necessary changes like removal and addition of portfolios. Also I kindly request you to help me how to avoid mutual fund overlap. Also advise me whether or not to invest in UTI Nifty and Sensex ETF,also can I purchase mutual funds thru online and which is the best.

    1.HDFC mid cap opportunities fund Growth
    2.SUNDARAM Select Mid cap Growth
    3.SUNDARAM world brand fund Growth
    4.UTI Equity fund Growth
    5.UTI Floating Rate fund STP Growth
    6.UTI focussed equity fund series-II Growth
    7.UTI Master Share unit scheme Dividend
    8.UTI MNC fund Dividend
    9.UTI opportunities fund Dividend
    10.UTI pharma and Healthcare Dividend
    11.UTI Spread Fund Growth.
    12.UTI Transportation and Logistics Growth
    13.UTI Wealth Builder fund series-II Dividend
    14.SBI Magnum Global fund Growth
    15.ICICI Focussed Bluechip Equity fund Growth
    16.ICICI Value Discovery fund Growth

    Thanking you.

  • Abhishek Bhattacharya says:

    Sreekanth,

    I am a regular follower of your website. I want to congratulate you for sharing lot of information on wealth creation.
    I am 36 years old working professional relatively new in investment. I want to start SIP of ₹3000/- per month for 5 to 10 years. My investment goals are Child education and corpus for any emergency. Please suggest 2 to 3 suitable fund as per my investment goal and that will not overlap my portfolio. I initially have thought to invest 70% in balance fund and 30% in equity diversified fund.

    Please recommend fund names and your view point regarding this. Please let me know any other information you may require.

    For your further information I have unknowingly invested in few NFO MF in 2008 on dividend pay-out scheme. Name of the fund are furnished below.
    1. HDFC Infrastructure Fund – Div ₹5000/-
    2. ICICI Prudential Focused Bluechip Equity Fund- Div ₹5000/-
    3. Change to Reliance Vision Fund Div previously holding reliance natural resource Fund –Div ₹5000/- on date of purchase.
    4. Change to Sundaram Growth Fund Div previously holding Sundaram Capex opportunities fund-Div ₹5000/- on date of purchase.
    5. Change to Sundaram Infrastructure Advantage Fund – Div previously holding Sundaram India leadership fund –Div ₹5000/- on date of purchase.

    Above mention equity based fund I am holding till date. What is your recommendation?

    Thanks again, keep up your good work.

    • Dear Abhishek,
      Existing funds : Kindly redeem all of them . ICICI bluechip fund is good one but kindly opt for ‘growth’ option.

      Suggest you to read my artaicle on Top Equity funds and select one fund from equity diversified, balanced and mid-cap categories. Also, check out the percentage of overlap.

      Go through this article : Kid’s education goal planning.

      Do you have sufficient life & health insurance cover?

      • Abhishek Bhattacharya says:

        Hi, Sreekanth,

        Thanks for your prompt response and suggestion. I have gone through your article “Top Equity funds” for understand and selection of funds and visited Moneycontrol.com to compare portfolio holdings and percentage of overlap of selected three funds. Selected funds for SIP are stated below as per your suggested category.
        1. Franklin India Prima Plus- Direct Plan (G) from Diversified/Multicap category ₹1000/- monthly
        2. Franklin India smaller companies Fund – Direct Plan (G) from Midcap category ₹1000/- monthly
        3. TATA Balanced -Direct Plan (G) from Balanced category ₹1000/- monthly

        What is your suggestion regarding this if you have any other thoughts please let me know.
        I am bit confused to select between regular (G) plan and Direct Plan (G). I didn’t get any “Plan-A” option under TATA balance fund in moneycontrol.com.

        Frankly speaking I don’t think that I have enough Insurance coverage. Having personal LIC endowment Plan of Sum assured ₹300000/-(Three Lacs).Two lacks health insurance for me and family and Approx. 15 lac accidental death employee group insurance coverage, both are company provided. I have gone through the article on term insurance. Please suggest one which would be ideal for me or any suitable insurance plan which would cover me along with my family (wife & child).

        Thanks in advance.

  • Subhankar Chatterjee says:

    Hi Shreekanth,

    Thanks for sharing such valuable informations. To be frank, previously I do not used to be investment savvy guy but kindled theinterest after reading your articles regularly. Lately, I invested in 4 different SIPs and 1 equity based ULIP. Till now I was in an impression that I am really diversified in my investment but after going through your this article, I have to reconsider the investments. I will really appreciate if you can suggest:

    1. Can I change the MF/SIP at any point of time?
    2. Will it affect my returns?

    Waiting for your valuable suggestions in my mail.

    Thanks and Regards

    Subhankar Chatterjee

  • ARCHANA says:

    Please share your suggestion in selecting ICIC Pru Value discovry , bsl front line eq, bsl mnc fund for 5-10 yrs wealth generation in sip

  • Biju Paul says:

    I have always enjoyed reading your articles. However, when commenting, it is better to put up a contrarian view, rather just agreeing. This will benefit all of us. I am putting up some comments. I am no financial expert and so, some of it may sound foolish. Anyway, here are the points I would like to raise:
    1. Two mutual funds with even exactly the same stocks, may buy and sell them at different times and this will obviously result in different returns
    2. If you are a conservative investor and want to stick to large-cap funds only, you will find that there is some overlap, whatever fund you choose in that category
    3. You have mentioned that it is better to leave your fund with different fund managers rather than a lump sum with one fund manager – so again, even if the stocks are same in two different funds, the fund managers would be different and that should spread your risk
    What do you feel?

    • Dear Biju,
      I do share contrary views if it is required. But, will surely keep this in my mind and thank you for highlighting this point.
      1 – Yes. So, it is better to invest in say one Large cap fund rather than investing in two Large-cap oriented funds.
      2 – Being conservative or aggressive, depends on one’s Financial Goals. If an individual is planning for long-term goals, he/she can’t be conservative.
      3 – I did not get your point.

  • Varsha says:

    Hello
    I am a new but an ardent fan of your blog. and just recently I have actually started looking at my portfolio in more details. In fact I was just looking at two funds I have invested in (HDFC top 200 and HDFC equity) and was getting concerned that they seem so identical, and true enough they have 80% overlap. I have also invested i HDFC Prudence. Should I move my assets from top 200 to equity and prudence and mid cap opp instead?

    I was also wondering, that since balanced funds have a high expense ratio, does it make sense to invest in equity MFs separately and a debt fund instead of a balanced fund?

  • Krishnamurthy says:

    Very Nice article. Please keep going.

  • SHRIKANT says:

    HI Shreekanth
    1.Excellent article on a very relevant topic.
    2.How much of overlap is acceptable in the funds??
    3.It is unlikely that any two funds will have no overlap.
    Regards

    • Dear SHRIKANT,
      There is no hard and fast rule. Say, if overlap is 80% then obviously it is a matter of concern.
      Personally I am ok with 20% to 40% overlap. Do note that the portfolios of MF schemes can change over a period of time.

  • V.mohan says:

    Please post a calculated real returns of any top performing MF ,after taking in all the charges like entry load ,depository fee etc.

  • Sunil says:

    Very well said and explained. Thanks for the valuable info.

    Thanks
    Sunil

  • Sathish Varadharajan says:

    Excellent Article. Now i realize i need to rejig my portfolio again. Thanks for posting.

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