Portfolio Review

Portfolio Review & Recommendations

Read-only research over the user's live account(s), across whichever broker(s) BROKERS.md names as active. reference/READ-ONLY-POLICY.md (hard rule) and reference/RESEARCH-STANDARDS.md (technical and peer frameworks for flagged holdings, data efficiency, completeness checklist, disclosure) apply. Steps below name capabilities — resolve each against reference/BROKER-CAPABILITIES.md for your active broker's tool.

Steps

1. Load the user's plan first. Read PORTFOLIO-PLAN.md — targets and bands, risk limits, position theses and invalidators, exclusions, and the decision log, so a suggestion the user already declined isn't re-pitched. It's what makes this a review against their plan rather than a generic one. Missing or stale → say so and offer portfolio-plan-builder; don't assume a target.

2. Pull current state, always — never estimate holdings. Equity holdings capability, from every active broker (a user split across Groww and Zerodha holds different things in each — don't read only the first one); open F&O/intraday positions capability where relevant. The MF sleeve comes from PORTFOLIO-PLAN.md unless INDmoney is active (it has real MF holdings — check BROKER-CAPABILITIES.md); if neither, review the equity book and say plainly that the fund side is out of view.

3. Enrich with market data, per the data-efficiency rules: batch all held symbols into one LTP call (check the holdings payload first — it often carries LTP already), and pull per-name detail only for holdings the analysis actually flags.

   • Quote + depth only where spread/depth matters.
   • Fundamentals (single-name / screener) for valuation, growth, quality — flagged and major holdings first. Groww-only today.
   • Technical indicators (batch up to 10) / candlestick patterns for flagged names. Groww-only today.
   • Market movers for context. ETF alternatives: symbol search filtered to ETF + LTP, with fees and tracking error from the web — Groww's ETF screener and technical screener are both down (see Tool availability), and no other configured broker replaces them.
   • Historical candles for trend/drawdown checks, interval matched to horizon.
   • Market calendar/timing capability where timing matters.

4. Analyze.

   • Allocation — sector, market-cap, and asset-class concentration; single-stock risk; overlap between holdings (two funds holding the same top names).
   • Performance — P&L per holding and portfolio-wide, vs. a relevant benchmark (Nifty 50/500) where data allows.
   • Quality/valuation — flag holdings that look expensive, fundamentally deteriorating, or technically broken, and ones that look attractively valued.
   • Thesis check — for holdings with a thesis in the plan, test the invalidator against what the data now shows. A position whose reason for existing has lapsed is a finding price alone won't surface.
   • Rebalancing — current vs. the plan's targets and bands, stating concretely what's over/under-weight and by how much. Hand off to rebalancing-planner for sized moves.

5. News — only for flagged holdings. Where one stands out (large weight, big move, red flag), a WebSearch before the verdict is worth it. Don't news-check every line of a large portfolio; that's stock-research's job on a specific name.

6. Recommend, don't execute. A clear buy/hold/reduce/avoid per holding with the reasoning, each meeting the completeness checklist. Rebalancing framed as "consider trimming X by ~N%, adding to Y" — the user places any trade themselves. If an ask implies placing a trade, give the analysis and say plainly you're not executing it.

7. Present. Short summary first (portfolio value, overall skew, top 2–3 findings), then detail; tables for holdings and allocation; data as-of noted since markets move; close with the disclosure block. Formal version: reference/templates/portfolio-review.md — worth it when the holdings table is long. Point to the dedicated skill for depth: stock-research for one name, mutual-fund-analysis/bond-analysis per instrument type, rebalancing-planner for allocation moves, fno-analysis for derivatives, tax-capital-gains for gains and harvesting.