Hello friends welcome to another new article, where we will learn about “Top 10 mutual fund portfolio overlap tools or mutual fund compare tools for free in 2024”.
But before you start reading you need to understand the need for a mutual fund portfolio overlap tool or mutual fund compare tool. Is this very important? As you are a beginner in the investing world, that’s why you are here.
Then I will share with you the Top 10 mutual fund portfolio overlap tools for free in 2024, as per my own curated list for you. The speciality of this list is that all the tools are free.
In the market, everyone is waiting to keep your money, in their pocket. But in this investment world you come for an extra earning and to increase your wealth for the future.
That is why at the beginning of your investment, it’s not justified that you spend your hard-earned money only just to compare your mutual fund portfolio. When there are tons of free tools available in the market. I pick some most efficient tools of them, only for you.
So, further any delay we jump to analyze the need for a mutual fund portfolio overlap tool or mutual fund compare tool.
Why a mutual fund portfolio overlap tool or mutual fund compare tool is important?
In this year 2024, when India’s youth percentage is most and the internet facility is available everywhere. everyone can access information through the internet and everything can get through the internet.
That’s why every expert shouting that the next 20 years will be the golden age for India. World’s every country is trying to grab this opportunity. So, many big companies shifted their business to India and kept their focus on the Indian market.
But why I’m telling you all of this; because youth are always open to new ideas and new opportunities.
This is how so many new investors are entering the market. On December 23, 4.2 million new demat accounts opened in India which is a record no. where mutual fund is the best option for a beginner to start investing. Due to its low entry point, easy method and most importantly low risk with a good return.
Now we will understand how a mutual fund is good for beginners.
why are mutual funds good for beginners?
Everyone starts their investing journey with a small amount of money. Their risk of losing money is high due to lack of experience.
As we know a mutual fund is run by a professional expert, who has knowledge and experience. The entry point is very easy to invest in. Also, it provides diversification to reduce risk and generate a good return.
That is why a beginner can start investing as low as 10 rupees, yes you heard it right only just 10 rupees. Also with this amount of money, you will get a well-diversified portfolio which will give you good returns with low risk.
I hope you understand well “Why are mutual funds good for beginners?”
Then, now we need to understand how mutual fund portfolio overlap is crucial in investing.
Importance of mutual fund portfolio overlap
As we get the knowledge previously, diversification is a key element in mutual fund investing.
However mutual fund portfolio overlap reduces the impact/ease of diversification.
As we know SEBI has a standard guideline for asset allocation for each type of mutual fund. This is the main reason for mutual fund portfolio overlap. That is why when you choose a mutual fund for investment always keep in mind the category of the fund.
Diversification between different categories of mutual funds is better for all time. It not only reduces your risk Profile but also gives you a great return.
Example of a balanced approach portfolio –
| 100 % of the investment amount. | |
| Index Fund | 30% |
| Midcap Fund | 25% |
| Smallcap Fund | 20% |
| Bond | 10% |
| Liquid Fund | 5% |
| Gold Bond | 10% |
All the above discussion explained well how important the mutual fund portfolio overlap factor is, in the mutual fund investment world.
Which tool that helps us to analyze the factor is called the mutual fund portfolio overlap tool or mutual fund compare tool.
This way the mutual fund portfolio overlap tool or mutual fund compare tool is as important as the overlap factor.
Now we will explore the top 10 mutual fund portfolio overlap tools for free in 2024.
Top 10 mutual fund portfolio overlap tools or mutual fund compare tools for free in 2024
Finally, we come to explore the top 10 tools to analyze fund portfolio overlap.
- Groww
Groww is the second largest demat account holder broker in the investment world. They offer stock, mutual fund, loan and payment gateway services. They Provide us, with the service of comparing mutual funds for free.
- ET Money
ET Money is a fintech company that provides mutual fund investment, insurance, ready-made portfolio baskets, P2P lending and personal finance services.
- IND Money
IND Money is a wealth management platform. This platform offers plenty of services to help you track, plan, and invest your money. It can be your one-stop shop for managing your finances, from basic budgeting to advanced investing.
- Moneycontrol
Moneycontrol is India’s leading financial and business platform, offering real-time market data, in-depth analysis, expert opinions, and a wide range of tools for investors, traders, and anyone interested in the Indian and global economy.
- Advisorkhoj
Advisorkhoj is a multi-facility platform aimed at empowering investors and financial professionals in India. Here’s a quick overview of their offerings:
For Investors:
- Investment Knowledge & Research
- Mutual Fund Research Tools
- Financial Advisor
For Financial Professionals:
- Website Design & Development
- Content Creation
- Lead Generation & Marketing
- Scripbox
Scripbox is a leading Indian platform offering wealth management and investment planning services. They cater primarily to individuals seeking to invest in mutual funds and build their wealth over time.
- FundPicker
FundPicker is an online platform designed to simplify the process of selecting the best mutual funds for your investment goals.
- Value Research
Value Research is a leading investment research platform in India, empowering individuals with the knowledge and tools to make informed financial decisions.
- Marketwatch
Founded in 1997, MarketWatch disrupted the financial media landscape by making real-time market data and analysis accessible to everyone, not just Wall Street insiders. Today, it remains a leading platform for investors and individuals seeking business news, market data, and financial insights.
- Trendlyne
Trendlyne is a popular investment platform in India, catering to both retail investors and professionals. It empowers users with tools and analysis to make informed investment decisions. Here’s a quick overview of their offerings:
Key Features:
- Stock Screeners
- DVM Scores
- Personalized Watchlists
- Portfolio Management
- Mutual Fund Analysis
- IPO Tracking
- Market & Superstar Insights
Final Thoughts –
This is the list of mutual fund overlap tools or mutual fund compare tools, which can help you to choose the right fund for your portfolio. With this, you will surely build a powerful, well-balanced portfolio for your future financial goals.
I hope i can explain to you properly and make you understand all the important factors that can help you in your investment journey.
In the next article, I will teach you how to you these comparison tools.
So, see you in the next article.
Till then keep learning, keep exploring.
Wish you a happy prosperous investment journey.
Bye Bye!
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