Portfolio X-Ray
Diagnose allocation, concentration, cost and direct/regular mix from local manual or CSV holdings data.
How to use this Portfolio X-Ray
Portfolio X-Ray is the diagnostic layer of the Strategy & Portfolio Lab. In this release it analyses holdings entered by the user rather than claiming support for every CAS PDF format. It summarizes portfolio value, allocation, concentration, plan type and weighted expense impact so that rebalancing decisions can start from a measured portfolio rather than a guessed one.
Calculation logic
Each holding weight equals its current value divided by total portfolio value. HHI is the sum of squared percentage weights; higher values indicate greater concentration within the entered holdings. Annual TER cost is value × TER for each row, summed across the portfolio. Direct-plan share is calculated only from rows explicitly labelled Direct; unknown or blank labels are not silently treated as direct.
Worked interpretation
A portfolio of ten schemes can still have a high HHI if one scheme dominates the rupee value. Conversely, an even split across ten schemes may have a lower scheme-level HHI while still being concentrated in the same underlying stocks. X-Ray therefore gives the first diagnostic layer and links naturally to the overlap analyzer for look-through questions.
What this result does not prove
TER is an expense-ratio input, not a measure of distributor commission or total investor cost. A complete look-through analysis of mutual-fund stock overlap, sectors or AMC concentration requires current portfolio disclosures and scheme mapping. Those data-heavy extensions should only be enabled when a governed, date-stamped official dataset is present. Arbitrary CAS PDF parsing remains a separate privacy and format-certification gate.
Methodology, data and limitations
This Finin2min tool separates calculation from recommendation. Inputs, return assumptions and stress parameters remain visible and editable. Results are educational scenarios, not forecasts or suitability advice.
Primary / official references
- SEBI — Mutual Funds Regulations, 2026 (last amended 7 Jul 2026)
- SEBI — Master Circular for Mutual Funds, 20 Mar 2026
- SEBI — Circulars index (check post-Master-Circular updates)
- SEBI — Categorization and Rationalization of Mutual Fund Schemes, 26 Feb 2026
- AMFI — NAV Download
- AMFI — Total Expense Ratio
- AMFI — Portfolio Disclosure
Questions & answers
What does the Portfolio X-Ray calculate?
Portfolio X-Ray is the diagnostic layer of the Strategy & Portfolio Lab. In this release it analyses holdings entered by the user rather than claiming support for every CAS PDF format. It summarizes portfolio value, allocation, concentration, plan type and weighted expense impact so that rebalancing decisions can start from a measured portfolio rather than a guessed one.
What assumptions drive the result?
Each holding weight equals its current value divided by total portfolio value. HHI is the sum of squared percentage weights; higher values indicate greater concentration within the entered holdings. Annual TER cost is value × TER for each row, summed across the portfolio. Direct-plan share is calculated only from rows explicitly labelled Direct; unknown or blank labels are not silently treated as direct.
Can I treat the result as a forecast or recommendation?
No. The output is an educational scenario generated from the values entered. It does not predict market returns, recommend a security or establish suitability for an individual investor.
How should I handle market or mutual-fund data?
Use a current, complete dataset with a recorded effective date. Where the page requires imported scheme, NAV, TER, portfolio or industry data, Finin2min should publish or retain the source authority, retrieval date, parser version and file hash.
What are the main limitations?
TER is an expense-ratio input, not a measure of distributor commission or total investor cost. A complete look-through analysis of mutual-fund stock overlap, sectors or AMC concentration requires current portfolio disclosures and scheme mapping. Those data-heavy extensions should only be enabled when a governed, date-stamped official dataset is present. Arbitrary CAS PDF parsing remains a separate privacy and format-certification gate.