Your portfolio is probably not diversified. It just looks diversified.

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I was looking at some portfolios recently and noticed something interesting.

People own 15-20 stocks and call it diversification.

But then you look closer:

Banks everywhere.

IT everywhere.

Same economic cycle.

Same growth assumptions.

Same market risk.

Having 20 stocks doesn't automatically mean you're diversified.

You can own 20 companies and still be making basically one big bet.

On the other hand, someone with 6-8 carefully selected businesses across genuinely different sectors might actually have better diversification.

So now I'm curious:

How many stocks do you think are actually enough for a long-term Indian portfolio?

5? 10? 20? 30+?

And at what point does diversification simply become di-worsification?