Managing Portfolio Overlap
When you buy mutual funds, you are actually purchasing a portfolio of securities. These securities might be stocks, bonds, REITs, derivatives, or a mix of them. There are around 1,590 mutual funds as of today, of which 441 are open-ended equity mutual funds, 349 are Debt Funds, 172 are Hybrid Funds, 254 are Exchange Traded Funds (ETF), Fund of Funds (FoFs) and gold mutual funds, and 374 are closed-ended and interval funds.