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How can you make sure you are well diversified with mutual funds? Is there a good Web site or tool available you can recommend?

Last Updated: July 28, 2008

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Morningstar (a frequently cited reference tool for information about mutual fund characteristics and performance) has a feature called Portfolio X-ray on its Web site. It shows the overlap of funds in a portfolio. The URL for Morningstar is http://www.morningstar.com/cover/funds.aspx. (Note: there is a fee for this service after an initial trial period; find the Portfolio X-ray link by scrolling down to the bottom right-hand corner of the Web site.) We would like your feedback on this Personal Finance Frequently Asked Question.

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