What the review covers
Most investors know the headline return on their portfolio. Far fewer know what it costs to hold, because the charges are spread across fact sheets, disclosure documents and contract notes. The review brings them into one place.
- Expense ratios. The annual cost of each mutual fund, and whether you are in the regular plan (which pays a distributor commission) or the direct plan of the same fund.
- PMS and AIF fees. Fixed management fees, performance fees and their hurdle rates, and how they combine — see PMS fees explained.
- Transaction and exit costs. Exit loads, brokerage and custody charges, and the portfolio turnover that drives them.
- Overlap. How much of your money sits in the same underlying stocks across different funds and strategies.
- Concentration. Your largest single exposures — by stock, sector and fund house — as a share of the whole portfolio.
Why costs deserve a second look
Costs are one of the few things about investing that are known in advance. A difference of one percentage point a year looks small on a fact sheet, but it is charged on the whole portfolio, every year, and compounds against you over a long holding period.
Overlap has a similar effect. Holding five large-cap funds can feel diversified, yet if they own largely the same stocks you are paying five sets of fees for something close to one portfolio.
What you will need
- Consolidated Account Statement (CAS). Covers your mutual funds and demat holdings. You can request it from CAMS, KFintech, NSDL or CDSL, and it usually arrives by email as a password-protected PDF.
- PMS statements. Your latest quarterly statement and, if you have it, the fee schedule from your portfolio management agreement.
- AIF statements. The latest capital account statement and the fee terms from the private placement memorandum.
- Anything else you would like checked — an insurance-linked plan, a bond portfolio, unlisted shares.
Send files as they are. We will never ask for your bank, trading or demat login passwords.
What the review is — and is not
The review is an independent, factual analysis of the costs and composition of what you already own. It is general information, not investment advice, and it is not a recommendation to buy, sell or switch any product.
- No return forecasts. We do not predict or promise returns, and past performance does not indicate future results.
- No pressure to switch. Moving money has its own costs — exit loads and capital gains tax among them — and staying put is often the right answer.
- Our role, stated plainly. IndiaHedgeFunds is registered with APMI as a distributor. If you later choose to invest in a PMS or AIF through us, we receive a trail commission from the manager, disclosed to you before you invest — see our fee transparency section and risk disclosures.
Frequently asked questions
Is the portfolio review really free?
Yes. There is no fee for the review and no obligation to invest with us afterwards. You keep the summary either way.
What makes the review independent?
We look at everything you hold, whoever manages it, and report the costs and overlap as they are. The review does not depend on you investing with us, and nothing in it is tied to a product we distribute.
Do I need a large portfolio to ask for a review?
No. The review is open whatever the size of your portfolio, including if you are below the ₹50 lakh PMS minimum and hold mostly mutual funds.
What is a CAS and how do I get one?
A Consolidated Account Statement lists your mutual fund and demat holdings across fund houses in one document. You can request it online from CAMS, KFintech, NSDL or CDSL using your PAN and registered email address.
Is my information kept confidential?
Yes. Your statements are used only to prepare your review and are handled as described in our Privacy Policy. We never ask for bank, trading or demat passwords.
Will you tell me to sell my current investments?
The review shows what you pay and where your holdings overlap. It is information, not a recommendation to buy or sell. Switching has costs of its own, including exit loads and capital gains tax, and we will point those out.
Can NRIs ask for a review?
Yes. NRIs can share the same statements. We will also note where residency affects the costs or tax treatment of what you hold.
How do you earn money if the review is free?
IndiaHedgeFunds is an APMI-registered distributor. If you choose to invest in a PMS or AIF through us, we receive a trail commission from the manager, disclosed to you before you invest. If you do not, the review costs you nothing.