Different fund categories, same stocks? These equity mutual funds have up to 79.4% portfolio overlap
Many investors diversify their equity mutual fund investments across categories such as flexi cap, large & mid cap, multi cap, and large cap funds. However, investing in different categories does not necessarily mean gaining exposure to a wider set of stocks.
A Value Research analysis has found that several equity mutual funds with different investment mandates have significant portfolio overlap.
7 Best Fidelity Mutual Funds to Buy and Hold
In the aggregate, active mutual funds often charge higher fees, generate more taxable capital gains because of higher portfolio turnover, concentrate assets in a smaller number of stocks, and have an above-average possibility of underperforming a low-cost benchmark over the long term.
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Read MoreGlobal economy gets a lift as AI chip boom meets low U.S. jobless claims
Applications for U.S. unemployment benefits fell last week to an almost 60-year low, adding to signs of a stable labor market that will allow the Federal Reserve to focus on inflation.
Meanwhile, the European Central Bank rejected an immediate move to raise interest rates and President Christine Lagarde laid the groundwork for a possible rate hike in September.
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Read MoreEnergy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Energy Transfer LP (ET) closed at $19.91, marking a -2.23% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.18%.
Coming into today,
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Read More4 Dow Jones Industrial Giants Make Up 50% of Warren Buffett’s Berkshire Hathaway Portfolio
Quick Read
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Greg Abel became Berkshire CEO January 1, 2026, preserving Buffett’s buy-forever strategy that concentrates 50% of holdings in just four Dow stocks.
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Apple ($AAPL) anchors Berkshire’s portfolio at 21% despite recent share trimming, while Coca-Cola ($KO) delivers a 2.51% dividend across 200 countries.
The Burst
Is Lemonade Stock a Sweet Deal Down 87%
When insurance technology firm Lemonade first debuted on the markets at an official price of $29 before soaring to $66 per share, it was caught up in a frenzy of bullish speculation that subsequently led the stock to rally to $183 per share.
But the excitement wasn’t to last and now the share price sits about 85% lower.
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Read MoreThe Ivy
1 Cash Cow with Massive Upside
CVS Health (NYSE:CVS) share price declined by over 23% over the past twelve months. Hurting shareholders was the recent leadership transition from CEO Karen Lynch to David Joyner, a shift that brought uncertainty to the company’s direction as investors questioned the company’s stability while facing ongoing challenges.
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Read MoreThe Spotlight
1 Indicator Has Been Right for 77 Years: What’s It Saying Now
Imagine having access to an indicator that has reliably predicted recessions with high accuracy for almost a century. Surprisingly, there is an indicator that has done just that, without receiving much mainstream attention.
This indicator was recently tallied at the end of February, so what does it say? Interestingly, the indicator’s reading contradicts the predictions of other signals that suggest a lingering bear market.
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