What is a monthly portfolio disclosure? (2026)

A monthly portfolio disclosure is the file in which an Indian asset management company publishes the complete holdings of every scheme it runs, as on the last day of the month. It is not a marketing summary and it is not optional. SEBI prescribes who publishes it, when, where, and in what format, and the same file is what makes fund holdings in India readable as data rather than as a picture of a table. This guide covers the obligation itself: the deadline, the two websites, and the delivery routes to unit holders. It is not investment advice.

What does the monthly portfolio disclosure rule actually say?

Paragraph 6.1.1 of the SEBI Master Circular for Mutual Funds carries the whole obligation in one sentence. Mutual funds and AMCs shall disclose portfolio, along with ISIN, as on the last day of the month, for all their schemes, on their respective website and on the website of AMFI, within 10 calendar days from the close of each month, in a user friendly and downloadable spreadsheet format.

Four things are worth separating out of that sentence, because each one is a distinct requirement.

1. Scope is every scheme, not a selection of flagship funds.
2. The as-on date is the last day of the month, so the file is a period end snapshot.
3. Two websites, the AMC's own and AMFI's, carry the same file.
4. The format is a spreadsheet, described as user friendly and downloadable, which is why this dataset is machine readable in a way most Indian disclosure is not.

Which schemes disclose more often than monthly?

Debt schemes. The same paragraph adds that for debt schemes the disclosure, including the yield of the instrument, shall be made on a fortnightly basis within 5 calendar days of every fortnight. So a debt scheme produces both cadences, and its fortnightly file carries a data point the monthly file does not require: yield.

The cadence question has more than two answers once specialized investment funds are in scope, and the comparison is set out in monthly vs fortnightly portfolio disclosure.

How does the disclosure reach unit holders?

Publication on two websites is only part of it. Paragraph 6.1.2 requires AMCs to email the monthly or fortnightly statement of scheme portfolio to unit holders whose email addresses are registered, within the same timelines. It also requires a feature in that email letting the investor view or download only the portfolios of the schemes they actually hold, along with the scheme risk-o-meter, the name of the benchmark and the risk-o-meter of the benchmark.

Paragraph 6.1.3 requires the AMC to declare on its website that the statement is hosted, on its own site and on AMFI's, and to list the modes through which a unit holder can request a copy: SMS, telephone, email or a written request. Paragraph 6.1.4 then requires the AMC to provide a physical copy without charging any cost when such a request is received.

Paragraph 6.1.5 permits AMCs to add information of their own, such as ratios, subject to the Advertisement Code. That is the seam where a fund house's own presentation begins and the prescribed disclosure ends.

What the file contains, and what it does not

The prescribed layout is Format No. 4C of the Master Circular. It groups holdings into equity and equity related, debt instruments, money market instruments, interest rate derivatives and a residual cash line, and its columns are name of the instrument, quantity, market value in lakhs of rupees, and percentage to NAV. A column by column walk through, including the marks and footnotes that carry more meaning than the columns do, is in how to read a mutual fund portfolio statement.

Two limits are worth stating plainly. The file is a period end snapshot, so a holding shown in it may already have changed by the time it publishes. And it reports the scheme's position, not the fund house's view of it. What a scheme held on a date is a matter of record. What that means is not in the file, and it is not in this guide either.

Flock reads these disclosures alongside company side ownership records such as the quarterly shareholding pattern, and keeps the period the figure belongs to attached to every row. If you want the fund side view of a single stock, see how to find which mutual funds are buying a stock, and for the summary document that sits beside this file each month, see what is a mutual fund factsheet. A monthly portfolio disclosure tells you what was held on the last day of a month, sourced and dated. Everything after that is your own reading.