What is a mutual fund factsheet? (2026)

To answer what is a mutual fund factsheet: it is the monthly summary a fund house publishes for each of its schemes, pulling together top holdings, asset and sector mix, past returns, costs, size, and who manages it. The factsheet is the fund house's own document. The disclosure SEBI times to the day is the full portfolio behind it: as on the last day of the month, within 10 calendar days, on the AMC and AMFI websites (SEBI Master Circular for Mutual Funds dated 20 March 2026, para 6.1.1, read 14 October 2026; not moved).

What is a mutual fund factsheet made of?

Most factsheets carry the same sections, because they summarise numbers the scheme already has to disclose elsewhere:

• Top holdings and allocation: the largest positions, plus the split across sectors and asset types.
• Returns: past performance over standard periods against a stated benchmark.
• Expense ratio: the annual cost of running the scheme, as a percentage.
• AUM and fund manager: how large the scheme is and who runs it.
• Portfolio metrics: for debt, measures like average maturity and yield to maturity.

What does SEBI actually prescribe for a factsheet?

Less than most readers assume. The SEBI Master Circular for Mutual Funds dated 20 March 2026 names the factsheet in its document formats: the scheme's weblink must carry the TER for the last 6 months, the daily TER and the scheme factsheet. It does not lay out the factsheet's pages. The prescribed, dated disclosures are the ones the factsheet draws on:

So two factsheets from different fund houses can look different. The portfolio file and the TER file underneath them follow one format.

How does the factsheet relate to the full portfolio?

The factsheet shows the top holdings; the complete list sits in the monthly portfolio disclosure. That file names every security with its ISIN, quantity, market value and share of net assets, and it is where you can see which funds are buying a stock. The monthly portfolio disclosure page covers the file itself.

How to read a factsheet without over-reading it

A factsheet is a dated snapshot, so read it with its limits in mind.

• Check the as-of date. Holdings reflect month end. The September 2026 portfolios describe 30 September 2026 and were due by 10 October 2026.
• Returns are past data. They describe what happened, not what will.
• The top holdings are a slice. For the full list, go to the monthly portfolio disclosure.
• Match on ISIN, not name. Para 6.1.1 requires the ISIN, which is the reliable key when the same company appears under slightly different names across fund houses.

A factsheet sits alongside other public disclosures like the quarterly shareholding pattern, where mutual funds appear as a category line as on quarter end, and, for private vehicles, the very different world of an AIF, which does not publish holdings in the same way.

So, what is a mutual fund factsheet in one line: a monthly, dated snapshot of a scheme, built on portfolio and cost disclosures that SEBI does prescribe. Flock reads public filing data and keeps every figure stamped with its source and date. What any of it means for you is your call to make.