Table of Contents
Top 7 Funds
fund of funds is one of the Top Mutual Funds for investors whose investment amounts are not too large and it is easier to manage one fund (a fund of funds) rather than a number of Mutual Funds. In this form of mutual fund investment strategy, investors get to hold a number of funds under the umbrella of a single fund, hence the name funds of funds.
Often going by the name of multi-manager investment; it is considered as one of the mutual fund categories. One of the key advantages of multi-manager investments is that at a lower ticket size, the investor can diversify themselves across a gamut of mutual fund schemes. So let us go through the numerous aspects of fund of funds like why to invest in a fund of funds, advantages of fund of funds, fund of funds in India, the performance of fund of funds, and other important aspects.
In simple words, a Mutual Fund Investing its collected pool of money in another mutual fund (one or maybe more) is referred to as fund of funds. Investors in their portfolios take exposure to different funds and keep track of them separately. However, by Investing in multi-manager mutual funds this process gets more simplified as investors need to track only one fund, which in turn holds numerous mutual funds within it. Assume an individual has invested in 10 different funds having exposure in various financial assets like stocks, Bonds, government securities, gold, etc. However, he finds it difficult in managing those funds as he needs to keep a track of each fund separately. Therefore, to avoid such hassles, the investor invests money in a multi-management investment (or a single funds of funds strategy) which has its stakes in different Mutual Funds.
These funds consist of a diverse asset pool – with securities comprising of equity, debt instruments, precious metals, etc. This allows Asset Allocation funds to generate high returns through the best performing instrument, at a reduced risk level guaranteed by the relatively stable securities present in the portfolio.
Investing in different Mutual Funds, primarily trading in gold securities are gold funds. Fund of funds belonging to this category can have a portfolio of Mutual Funds or the gold trading companies themselves, depending upon the concerned asset management company.
Mutual Funds operating in foreign countries are targeted by the international fund of funds. This allows investors to potentially yield higher returns through the best-performing stocks and bonds of the respective country.
This is the most common type of fund of funds Mutual Funds available in the Market. The asset base of such a fund comprises of various professionally managed Mutual Funds, all of which have a different portfolio concentration. A multi-manager fund of funds usually has multiple portfolio managers, each dealing with a specific asset present in the Mutual Fund.
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Fund of funds comprising Exchange Traded Fund in their portfolio is a popular investment tool in the country. Investing in an ETF through fund of funds is more accessible than a direct investment in this instrument. This is because ETFs require the a Demat Trading Account while investing in ETF fund of funds have no such limitations.
However, ETFs have a slightly higher risk Factor associated with them as they are traded like shares in the stock market, making these fund of funds more susceptible to the volatility of the market.
The main aim of the top fund of funds is to maximise returns by investing in a varied portfolio posing minimal risk. Individuals with access to a small pool of financial resources which they can spare for a more extended period of time can choose such a Mutual Fund. Since the portfolio of such funds consists of varying Types of Mutual Funds, it ensures access to high-value funds as well.
Ideally, investors with relatively fewer resources and low liquidity needs can choose to invest in the top fund of funds available in the market. This enables them to earn maximum returns at minimal risk.
There are various benefits of investing in a fund of funds Mutual Fund –
Fund of funds target various Best Performing Mutual Funds in the market, each specialising in a particular asset or sector of fund. This ensures gains through diversification, as both returns and risks are optimised due to underlying portfolio variety.
Fund of funds is managed by highly trained people with years of experience. Proper analysis and calculated market predictions made by such portfolio managers ensure high yields through intricate investment strategies.
An individual with limited financial resources can easily invest in the top fund of funds available to earn higher profits. Monthly investment schemes can also be availed while choosing a fund of funds to invest in.
Expense ratios to manage a fund of funds Mutual Funds are higher than standard Mutual Funds, as it has a higher managing expense. Added expenses include primarily choosing the right asset to invest in, which keeps on fluctuating periodically.
Tax levied on a fund of funds are payable by an investor, only during Redemption of the principal amount. However, during recovery, both short-term and long-term Capital gains are subjected to tax deductions, depending upon the annual Income of the investor and the time period of investment.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) ICICI Prudential Nifty Next 50 Index Fund Growth ₹55.6472
↑ 0.42 ₹4,444 16.8 44.8 64 22.7 17.5 26.3 IDBI Nifty Junior Index Fund Growth ₹46.9932
↑ 0.35 ₹74 16.6 44.4 63.1 22.5 17.3 25.7 Principal Nifty 100 Equal Weight Fund Growth ₹158.801
↑ 0.64 ₹69 10.3 31 49.5 21 16.9 29 ICICI Prudential Advisor Series - Passive Strategy Fund Growth ₹140.165
↑ 0.48 ₹156 4.8 20.2 36.2 20.3 15.9 29.3 Aditya Birla Sun Life Financial Planning FOF Aggressive Plan Growth ₹46.1209
↑ 0.13 ₹196 6.3 17.6 32.3 17 15.5 24.5 Kotak Asset Allocator Fund - FOF Growth ₹200.805
↑ 0.63 ₹1,370 7.4 18.4 31.7 20.8 20 23.4 PGIM India Global Agribusiness Offshore Fund Growth ₹38.3
↑ 0.79 ₹1,444 6.4 26.2 30 2.7 15.7 39.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24 Assets >= 50 Crore
& Sorted based on 1 year Return
.
The fund's objective is to invest in companies whose securities are included in Nifty Junior Index and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The fund intends to track only 90-95% of the Index i.e. it will always keep cash balance between 5-10% of the Net Asset to meet the redemption and other liquidity requirements. However, as and when the liquidity in the Index improves the fund intends to track up to 100% of the Index. The fund will not seek to outperform the CNX Nifty Junior. The objective is that the performance of the NAV of the fund should closely track the performance of the CNX Nifty Junior over the same period subject to tracking error. ICICI Prudential Nifty Next 50 Index Fund is a Others - Index Fund fund was launched on 25 Jun 10. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Nifty Next 50 Index Fund Returns up to 1 year are on The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of CNX Nifty Junior Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior Index (Total Returns Index) and the scheme. IDBI Nifty Junior Index Fund is a Others - Index Fund fund was launched on 20 Sep 10. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Nifty Junior Index Fund Returns up to 1 year are on (Erstwhile Principal Index Fund - Nifty) The Scheme plans to invest principally in securities that comprise S&P CNX Nifty (NSE) and subject to tracking errors endeavour to attain results commensurate with the Nifty. Principal Nifty 100 Equal Weight Fund is a Others - Index Fund fund was launched on 27 Jul 99. It is a fund with Moderately High risk and has given a Below is the key information for Principal Nifty 100 Equal Weight Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Advisor Series - Long Term Savings Plan) The primary investment objective of this Plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Fund(s) mainly having asset allocation to: • Equity and equity related securities and • A small portion in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized. ICICI Prudential Advisor Series - Passive Strategy Fund is a Others - Fund of Fund fund was launched on 18 Dec 03. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Advisor Series - Passive Strategy Fund Returns up to 1 year are on The Scheme aims to generate returns by investing in mutual fund schemes selected in accordance with the BSLAMC process, as per the risk-return profile of investors. Each of the 3 plans under the Scheme has a strategic asset allocation which is based on satisfying the needs to a specific risk-return profile of investors. There can be no assurance that the investment objective of the Scheme will be realized. Aditya Birla Sun Life Financial Planning FOF Aggressive Plan is a Others - Fund of Fund fund was launched on 9 May 11. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan Returns up to 1 year are on The investment objective of the scheme is to generate long-term capital appreciation from a portfolio created by investing in
specified open-ended equity, and debt schemes of Kotak Mahindra Mutual Fund. However, there is no assurance that the investment objective of the Scheme will be realized Kotak Asset Allocator Fund - FOF is a Others - Fund of Fund fund was launched on 9 Aug 04. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Asset Allocator Fund - FOF Returns up to 1 year are on The primary investment objective of the scheme is to generate long-term capital growth by investing predominantly in units of overseas mutual funds, focusing on
agriculture and/or would be direct and indirect beneficiaries of the anticipated growth in the agriculture and/or affiliated/allied sectors. PGIM India Global Agribusiness Offshore Fund is a Others - Fund of Fund fund was launched on 14 May 10. It is a fund with High risk and has given a Below is the key information for PGIM India Global Agribusiness Offshore Fund Returns up to 1 year are on 1. ICICI Prudential Nifty Next 50 Index Fund
CAGR/Annualized
return of 13.2% since its launch. Ranked 5 in Index Fund
category. Return for 2023 was 26.3% , 2022 was 0.1% and 2021 was 29.5% . ICICI Prudential Nifty Next 50 Index Fund
Growth Launch Date 25 Jun 10 NAV (24 Apr 24) ₹55.6472 ↑ 0.42 (0.76 %) Net Assets (Cr) ₹4,444 on 31 Mar 24 Category Others - Index Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.7 Sharpe Ratio 3.08 Information Ratio -11.93 Alpha Ratio -0.63 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-7 Days (0.25%),7 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,466 31 Mar 21 ₹12,014 31 Mar 22 ₹14,462 31 Mar 23 ₹13,294 31 Mar 24 ₹21,315 Returns for ICICI Prudential Nifty Next 50 Index Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Apr 24 Duration Returns 1 Month 6.9% 3 Month 16.8% 6 Month 44.8% 1 Year 64% 3 Year 22.7% 5 Year 17.5% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 26.3% 2022 0.1% 2021 29.5% 2020 14.3% 2019 0.6% 2018 -8.8% 2017 45.7% 2016 7.6% 2015 6.2% 2014 43.6% Fund Manager information for ICICI Prudential Nifty Next 50 Index Fund
Name Since Tenure Nishit Patel 18 Jan 21 3.2 Yr. Priya Sridhar 1 Feb 24 0.16 Yr. Ajaykumar Solanki 1 Feb 24 0.16 Yr. Data below for ICICI Prudential Nifty Next 50 Index Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Equity 100.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5002515% ₹203 Cr 523,963
↑ 9,933 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL4% ₹175 Cr 8,515,007
↑ 161,393 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN4% ₹161 Cr 660,654
↑ 12,522 Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 5004004% ₹150 Cr 4,026,034
↑ 76,308 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC3% ₹144 Cr 8,728,322
↑ 165,435 DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | 5328683% ₹138 Cr 1,529,988
↑ 28,999 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL3% ₹137 Cr 445,166
↑ 8,438 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5323433% ₹118 Cr 553,419
↑ 10,492 Bank of Baroda (Financial Services)
Equity, Since 30 Sep 21 | 5321343% ₹117 Cr 4,425,804
↑ 83,888 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 5321553% ₹117 Cr 6,408,712
↑ 121,469 2. IDBI Nifty Junior Index Fund
CAGR/Annualized
return of 12.1% since its launch. Ranked 8 in Index Fund
category. Return for 2023 was 25.7% , 2022 was 0.4% and 2021 was 29.6% . IDBI Nifty Junior Index Fund
Growth Launch Date 20 Sep 10 NAV (24 Apr 24) ₹46.9932 ↑ 0.35 (0.76 %) Net Assets (Cr) ₹74 on 31 Mar 24 Category Others - Index Fund AMC IDBI Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.73 Sharpe Ratio 3.04 Information Ratio -7.21 Alpha Ratio -1.1 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,507 31 Mar 21 ₹11,944 31 Mar 22 ₹14,390 31 Mar 23 ₹13,246 31 Mar 24 ₹21,115 Returns for IDBI Nifty Junior Index Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Apr 24 Duration Returns 1 Month 6.8% 3 Month 16.6% 6 Month 44.4% 1 Year 63.1% 3 Year 22.5% 5 Year 17.3% 10 Year 15 Year Since launch 12.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 25.7% 2022 0.4% 2021 29.6% 2020 13.7% 2019 0.5% 2018 -9.3% 2017 43.6% 2016 6.9% 2015 5.8% 2014 42.8% Fund Manager information for IDBI Nifty Junior Index Fund
Name Since Tenure Sumit Bhatnagar 3 Oct 23 0.49 Yr. Data below for IDBI Nifty Junior Index Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 0.24% Equity 99.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5002515% ₹3 Cr 8,901
↑ 112 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL4% ₹3 Cr 144,564
↑ 1,403 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN4% ₹3 Cr 11,101
↑ 18 Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 5004004% ₹3 Cr 67,809
↓ -18 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC3% ₹2 Cr 146,756
↑ 359 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL3% ₹2 Cr 7,556
↑ 73 DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | 5328683% ₹2 Cr 25,693
↓ -56 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5323433% ₹2 Cr 9,357
↑ 72 Bank of Baroda (Financial Services)
Equity, Since 30 Sep 21 | 5321343% ₹2 Cr 74,702
↑ 25 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 5321553% ₹2 Cr 107,527
↓ -350 3. Principal Nifty 100 Equal Weight Fund
CAGR/Annualized
return of since its launch. Ranked 72 in Index Fund
category. Return for 2023 was 29% , 2022 was 1.5% and 2021 was 32.2% . Principal Nifty 100 Equal Weight Fund
Growth Launch Date 27 Jul 99 NAV (24 Apr 24) ₹158.801 ↑ 0.64 (0.41 %) Net Assets (Cr) ₹69 on 29 Feb 24 Category Others - Index Fund AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.96 Sharpe Ratio 2.84 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-90 Days (1%),90 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹6,999 31 Mar 21 ₹12,365 31 Mar 22 ₹14,864 31 Mar 23 ₹14,204 31 Mar 24 ₹21,457 Returns for Principal Nifty 100 Equal Weight Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Apr 24 Duration Returns 1 Month 3.3% 3 Month 10.3% 6 Month 31% 1 Year 49.5% 3 Year 21% 5 Year 16.9% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2023 29% 2022 1.5% 2021 32.2% 2020 14.1% 2019 2.8% 2018 -3.4% 2017 28.9% 2016 3.4% 2015 -3.9% 2014 31.2% Fund Manager information for Principal Nifty 100 Equal Weight Fund
Name Since Tenure Rohit Seksaria 1 Jan 22 2.25 Yr. Ashish Aggarwal 1 Jan 22 2.25 Yr. Data below for Principal Nifty 100 Equal Weight Fund as on 29 Feb 24
Asset Allocation
Asset Class Value Cash 2.78% Equity 97.22% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Adani Green Energy Ltd (Utilities)
Equity, Since 30 Sep 20 | ADANIGREEN1% ₹1 Cr 5,425
↑ 118 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 5002511% ₹1 Cr 2,555
↑ 55 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 17 | IOC1% ₹1 Cr 59,507
↑ 1,299 DLF Ltd (Real Estate)
Equity, Since 31 May 18 | 5328681% ₹1 Cr 10,460
↑ 228 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 31 Jan 03 | 5005471% ₹1 Cr 15,567
↑ 339 Adani Total Gas Ltd (Utilities)
Equity, Since 31 Oct 22 | ATGL1% ₹1 Cr 8,642
↑ 188 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 30 Sep 15 | ADANIPORTS1% ₹1 Cr 6,676
↑ 145 Zomato Ltd (Consumer Cyclical)
Equity, Since 30 Apr 22 | 5433201% ₹1 Cr 53,179
↑ 1,160 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Oct 22 | HAL1% ₹1 Cr 2,813
↑ 61 Life Insurance Corporation of India (Financial Services)
Equity, Since 31 Oct 22 | 5435261% ₹1 Cr 8,477
↑ 185 4. ICICI Prudential Advisor Series - Passive Strategy Fund
CAGR/Annualized
return of 13.9% since its launch. Return for 2023 was 29.3% , 2022 was 4.2% and 2021 was 30.3% . ICICI Prudential Advisor Series - Passive Strategy Fund
Growth Launch Date 18 Dec 03 NAV (24 Apr 24) ₹140.165 ↑ 0.48 (0.35 %) Net Assets (Cr) ₹156 on 31 Mar 24 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating Risk Moderately High Expense Ratio 0.35 Sharpe Ratio 2.52 Information Ratio 0.2 Alpha Ratio 1.22 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-3 Years (1%),3 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹7,407 31 Mar 21 ₹12,386 31 Mar 22 ₹14,426 31 Mar 23 ₹15,196 31 Mar 24 ₹20,927 Returns for ICICI Prudential Advisor Series - Passive Strategy Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Apr 24 Duration Returns 1 Month 1.7% 3 Month 4.8% 6 Month 20.2% 1 Year 36.2% 3 Year 20.3% 5 Year 15.9% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 29.3% 2022 4.2% 2021 30.3% 2020 10.7% 2019 6.7% 2018 4% 2017 19.2% 2016 11.2% 2015 1.2% 2014 29.6% Fund Manager information for ICICI Prudential Advisor Series - Passive Strategy Fund
Name Since Tenure Sankaran Naren 5 Sep 18 5.57 Yr. Dharmesh Kakkad 28 May 18 5.85 Yr. Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.34% Equity 96.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Nifty Bank ETF
- | -15% ₹23 Cr 4,909,440 ICICI Pru Nifty Private Banks ETF
- | -14% ₹21 Cr 927,327
↑ 165,000 ICICI Prudential Nifty Infra ETF
- | -14% ₹21 Cr 2,549,892 ICICI Pru Nifty Healthcare ETF
- | -13% ₹20 Cr 1,654,961 ICICI Pru Nifty IT ETF
- | -11% ₹17 Cr 4,195,640 ICICI Pru Nifty India Consumption ETF
- | -10% ₹15 Cr 1,500,530
↑ 75,000 ICICI Pru Nifty FMCG ETF
- | -8% ₹13 Cr 226,030
↑ 15,000 ICICI Pru Nifty Financial Svcs Ex-Bk ETF
- | -6% ₹9 Cr 3,834,345
↑ 1,550,000 CPSE ETF
- | -5% ₹7 Cr 910,000
↓ -525,000 Treps
CBLO/Reverse Repo | -3% ₹5 Cr 5. Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
CAGR/Annualized
return of 12.5% since its launch. Ranked 54 in Fund of Fund
category. Return for 2023 was 24.5% , 2022 was 3.6% and 2021 was 21.1% . Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
Growth Launch Date 9 May 11 NAV (23 Apr 24) ₹46.1209 ↑ 0.13 (0.27 %) Net Assets (Cr) ₹196 on 31 Mar 24 Category Others - Fund of Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.07 Sharpe Ratio 2.89 Information Ratio 0.62 Alpha Ratio 4.62 Min Investment 1,000 Min SIP Investment 100 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹8,724 31 Mar 21 ₹12,855 31 Mar 22 ₹14,896 31 Mar 23 ₹15,203 31 Mar 24 ₹19,910 Returns for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Apr 24 Duration Returns 1 Month 3.5% 3 Month 6.3% 6 Month 17.6% 1 Year 32.3% 3 Year 17% 5 Year 15.5% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 24.5% 2022 3.6% 2021 21.1% 2020 19.2% 2019 6.9% 2018 -2.6% 2017 26.5% 2016 7.5% 2015 4.4% 2014 37.1% Fund Manager information for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
Name Since Tenure Vinod Bhat 16 Aug 19 4.63 Yr. Dhaval Joshi 21 Nov 22 1.36 Yr. Data below for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 7.32% Equity 77.76% Debt 11.76% Other 3.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Multicap Dir Gr
Investment Fund | -12% ₹23 Cr 13,424,109 HDFC Large and Mid Cap Dir Gr
Investment Fund | -11% ₹21 Cr 710,538 ICICI Pru Bluechip Dir Gr
Investment Fund | -10% ₹19 Cr 1,878,468 Kotak Emerging Equity Dir Gr
Investment Fund | -8% ₹16 Cr 1,350,300 Nippon India Growth Dir Gr
Investment Fund | -8% ₹15 Cr 42,222 Aditya BSL Small Cap Dir Gr
Investment Fund | -7% ₹14 Cr 1,745,770 Nippon India Small Cap Dir Gr
Investment Fund | -7% ₹13 Cr 842,450 Aditya BSL Flexi Cap Dir Gr
Investment Fund | -7% ₹13 Cr 79,861 Aditya BSL Frontline Equity Dir Gr
Investment Fund | -6% ₹12 Cr 251,781 Mirae Asset Midcap Dir Gr
Investment Fund | -6% ₹12 Cr 3,587,135 6. Kotak Asset Allocator Fund - FOF
CAGR/Annualized
return of 16.4% since its launch. Ranked 17 in Fund of Fund
category. Return for 2023 was 23.4% , 2022 was 11.3% and 2021 was 25% . Kotak Asset Allocator Fund - FOF
Growth Launch Date 9 Aug 04 NAV (24 Apr 24) ₹200.805 ↑ 0.63 (0.31 %) Net Assets (Cr) ₹1,370 on 31 Mar 24 Category Others - Fund of Fund AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 0.76 Sharpe Ratio 3.24 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹9,294 31 Mar 21 ₹14,255 31 Mar 22 ₹16,900 31 Mar 23 ₹18,688 31 Mar 24 ₹24,557 Returns for Kotak Asset Allocator Fund - FOF
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Apr 24 Duration Returns 1 Month 2.2% 3 Month 7.4% 6 Month 18.4% 1 Year 31.7% 3 Year 20.8% 5 Year 20% 10 Year 15 Year Since launch 16.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.4% 2022 11.3% 2021 25% 2020 25% 2019 10.3% 2018 4.4% 2017 13.7% 2016 8.8% 2015 5.4% 2014 40.4% Fund Manager information for Kotak Asset Allocator Fund - FOF
Name Since Tenure Abhishek Bisen 15 Nov 21 2.38 Yr. Devender Singhal 9 May 19 4.9 Yr. Arjun Khanna 9 May 19 4.9 Yr. Data below for Kotak Asset Allocator Fund - FOF as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 11% Equity 55.89% Debt 26.04% Other 7.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Gilt-Investment Growth - Direct
Investment Fund | -14% ₹189 Cr 19,261,359 Kotak Bond Dir Gr
Investment Fund | -12% ₹164 Cr 21,279,938 Kotak Flexicap Dir Gr
Investment Fund | -12% ₹163 Cr 20,933,168 iShares NASDAQ 100 ETF USD Acc
- | -10% ₹131 Cr 15,440 Kotak Bluechip Dir Gr
Investment Fund | -9% ₹126 Cr 2,296,393 Kotak Equity Arbitrage Dir Gr
Investment Fund | -9% ₹119 Cr 33,047,303
↑ 33,047,303 Kotak Infra & Econ Reform Dir Gr
Investment Fund | -9% ₹117 Cr 18,399,092 Kotak Gold ETF
- | -7% ₹96 Cr 18,045,000 Kotak Consumption Dir Gr
Investment Fund | -7% ₹93 Cr 87,079,332 Kotak Manufacture in India Dir Gr
Investment Fund | -5% ₹66 Cr 41,081,682 7. PGIM India Global Agribusiness Offshore Fund
CAGR/Annualized
return of 10.1% since its launch. Ranked 33 in Fund of Fund
category. Return for 2023 was 39.5% , 2022 was -33.8% and 2021 was 7% . PGIM India Global Agribusiness Offshore Fund
Growth Launch Date 14 May 10 NAV (23 Apr 24) ₹38.3 ↑ 0.79 (2.11 %) Net Assets (Cr) ₹1,444 on 31 Mar 24 Category Others - Fund of Fund AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 1.61 Sharpe Ratio 1.59 Information Ratio -0.27 Alpha Ratio 9.99 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Mar 19 ₹10,000 31 Mar 20 ₹10,805 31 Mar 21 ₹17,725 31 Mar 22 ₹17,847 31 Mar 23 ₹16,243 31 Mar 24 ₹22,225 Returns for PGIM India Global Agribusiness Offshore Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 24 Apr 24 Duration Returns 1 Month -5.5% 3 Month 6.4% 6 Month 26.2% 1 Year 30% 3 Year 2.7% 5 Year 15.7% 10 Year 15 Year Since launch 10.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 39.5% 2022 -33.8% 2021 7% 2020 72.4% 2019 30.9% 2018 0.3% 2017 11.9% 2016 0.8% 2015 -14.7% 2014 0.9% Fund Manager information for PGIM India Global Agribusiness Offshore Fund
Name Since Tenure Ojasvi Khicha 1 Apr 23 1 Yr. Data below for PGIM India Global Agribusiness Offshore Fund as on 31 Mar 24
Asset Allocation
Asset Class Value Cash 3.35% Equity 96.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity PGIM Jennison Global Eq Opps USD I Acc
Investment Fund | -98% ₹1,412 Cr 580,901
↓ -18,965 Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -1% ₹21 Cr Net Receivables / (Payables)
Net Current Assets | -0% ₹6 Cr
Like every mutual fund, fund of funds also has numerous advantages. Some of them are:
One of the key primary benefits is portfolio diversification. Here, despite investing in one single fund, the investment is made in several mutual fund schemes, where the fund is allocated in an optimal manner with the aim to earn maximum returns at a given level of risk.
Multi-management investment helps retail investors to get access to funds that are not easily available for investments. A single fund of fund can take exposure in turn to Equity Funds, Debt fund or even commodity based mutual funds. This ensures diversification for the retail investor by just getting into one Mutual fund.
All the funds under this category are expected to follow a due diligence process conducted by the fund manager where they need to check the background and credentials of the underlying fund managers before making an investment to ensure the strategy is in-line with expectations.
This is a good option for retail investors who wish to venture into this investment avenue with a lower ticket size.
For understanding the modalities of how multi-manager investment functions, it is important to understand the concepts of fettered and unfettered management. Fettered management is a situation when the mutual fund invests its money in a portfolio containing assets and funds managed by its own company. In other words, the money is invested in the funds of the same asset management company. In contrast, unfettered management is a situation where the mutual fund invests in external funds managed by other Asset Management Companies. Unfettered funds have an advantage over fettered funds as they can exploit opportunities from numerous funds and other schemes instead of limiting themselves to the same family funds.
The following image gives clarity on how multi-management investment can help an individual instead of a simple mutual fund to achieve their objectives.
Though multi-management investment has a lot of benefits associated with it, one of the important factors that one needs to be aware of is the fee associated with it. Investors should be aware of any charges or expenses that a mutual fund will attract and make their investments accordingly. Therefore, in a nutshell, it can be concluded fund of funds is an ideal investment option for investors who seek to enjoy a hassle free investment in mutual funds.
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A: The most significant advantage of FOFs is that it diversifies your investment and ensures good returns. If you are planning to diversify your investment portfolio, it is good to invest in FOFs. It reduces your risk and ensures that you enjoy good returns on your investments.
A: There are five different types of FOFs, and these are as follows:
Each of the FOF has unique features. For example, in gold funds you will invest in gold ETF and in multi-managers FOFs you will invest in different types of mutual funds.
A: FOFs are mutual funds, hence, when you invest you should consider your risk taking capacity and the amount of money you want to invest. The percentage of returns you expect in the given time will give you an idea of your capacity to take risks. Based on that, you should evaluate the money you want to invest. Your financial condition should also help you decide how much money you should invest in FOFs.
Once you have assessed these two factors, select a particular FOF and start investing.
A: Gold FOFs are considered one of the most secure investments. These are like gold ETFs, and when you invest in gold FOF, it is like investing in physical gold without the added issues like paying GST, Sales Tax, or wealth tax. This investment is secure as gold price never falls extensively compared to the market and hence, produces good returns. Thus, often gold FOF is considered one of the best and safest investments.
A: The Exchange Traded Funds or the ETFs are the most popular FOFs as investing in these funds is the easiest. All you need to do is open a Demat account to trade in ETFs, and there are no limitations as to the amount of money you can invest in ETFs.
A: It is taxable. As an investor, you will have to pay tax on the principal amount when you redeem your investment. If you invest in FOF for the short-term, you will have to pay Taxes on the principal and the returns. However, dividend earned is not taxable as the fund house bears the taxes.
A: Different FOFs have different investment periods. However, if you want to earn maximum returns, you must invest in FOFs for a reasonably long time.
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