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Table of Contents
- What are Fund of Funds?
- What are the Types of Fund of Funds?
- Who should Invest in Fund of Funds?
- Advantages of Investing in Fund of Funds
- Limitations of Fund of Funds
- Best Performing Fund of Funds to Invest 2020
- Advantages of Fund of Funds
- How Does a Fund of Fund Works?
- Why Choose Fund of Funds?
- How to Invest in FOF Mutual Funds Online?
Top 7 Others - Fund of Fund Funds
- PGIM India Global Agribusiness Offshore Fund
- Kotak Asset Allocator Fund - FOF
- IDFC All Seasons Bond Fund
- ICICI Prudential Advisor Series - Debt Management Fund
- Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
- ICICI Prudential Advisor Series - Conservative Fund
- ICICI Prudential Advisor Series - Hybrid Fund
7 Best Fund of Funds in India 2020
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.
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What are Fund of Funds?
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.
What are the Types of Fund of Funds?
1. Asset allocation 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.
2. Gold funds
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.
3. International fund of funds
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.
4. Multi-manager fund of funds
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.
5. ETF Fund of Funds
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.
Who should Invest in Fund of Funds?
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.
Advantages of Investing in Fund of Funds
There are various benefits of investing in a fund of funds Mutual Fund –
1. Diversification
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.
2. Professionally trained managers
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.
3. Low resource requirements
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.
Limitations of Fund of Funds
1. Expense ratio
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.
2. Tax
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.
Best Performing Fund of Funds to Invest 2020
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) PGIM India Global Agribusiness Offshore Fund Growth ₹28.4
↑ 0.53 ₹137 29.9 32.6 49 26 12.6 30.9 Kotak Asset Allocator Fund - FOF Growth ₹92.551
↑ 0.35 ₹53 10.6 4.3 12.3 7.5 9 10.3 IDFC All Seasons Bond Fund Growth ₹33.3904
↑ 0.04 ₹125 4.9 7 11.9 8.5 8.5 10.4 ICICI Prudential Advisor Series - Debt Management Fund Growth ₹33.0068
↑ 0.03 ₹167 4.6 5.4 9.8 7.6 8.4 8.7 Aditya Birla Sun Life Financial Planning FOF Aggressive Plan Growth ₹23.6446
↑ 0.07 ₹115 8.3 -0.9 7.7 3.4 6.9 6.9 ICICI Prudential Advisor Series - Conservative Fund Growth ₹58.2894
↑ 0.17 ₹7,327 9.8 -1.1 4.5 5.9 8.7 9.7 ICICI Prudential Advisor Series - Hybrid Fund Growth ₹36.321
↑ 0.08 ₹108 7.8 -0.6 3.9 5.4 6 8.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 30 Jul 20 Assets >= 50 Crore & Sorted based on 1 year Return.
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 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 Seek to generate optimal returns with high liquidity by active management of
the portfolio by investing predominantly in debt oriented mutual fund schemes and money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized. IDFC All Seasons Bond Fund is a Others - Fund of Fund fund was launched on 13 Sep 04. It is a fund with Moderately Low risk and has given a Below is the key information for IDFC All Seasons Bond Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Advisor Series - Dynamic Accrual Plan) The primary investment objective of this Plan is to seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in the schemes of domestic or offshore Mutual Fund(s) having asset allocation to: • Money market and debt securities. This Plan may be considered to be ideal for investors having a low risk appetite and a shorter duration of investment. However, there can be no assurance that the investment objectives of the Plan/s will be realized. ICICI Prudential Advisor Series - Debt Management Fund is a Others - Fund of Fund fund was launched on 18 Dec 03. It is a fund with Moderate risk and has given a Below is the key information for ICICI Prudential Advisor Series - Debt Management 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 (Erstwhile ICICI Prudential Advisor Series - Moderate Plan) The primary investment objective of this Plan is to seek to generate long term capital appreciation and current income by creating a portfolio that is invested in the schemes of domestic or offshore Mutual Fund(s) mainly having asset allocation to: • Equity and equity related securities as well as • Fixed income securities. However, there can be no assurance that the investment objectives of the Plan/s will be realized. ICICI Prudential Advisor Series - Conservative 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 - Conservative Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Advisor Series - Cautious Plan) The primary investment objective of this Plan is to seek to generate regular income primarily through investments in the schemes of domestic or offshore Mutual Fund(s) having asset allocation: • Primarily to fixed income securities • To a lesser extent (maximum 35%) in equity and equity related securities so as to generate long-term capital appreciation. However, there can be no assurance that the investment objectives of the Plan/s will be realized. ICICI Prudential Advisor Series - Hybrid 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 - Hybrid Fund Returns up to 1 year are on 1. PGIM India Global Agribusiness Offshore Fund
CAGR/Annualized return of 10.8% since its launch. Ranked 33 in Fund of Fund category. Return for 2019 was 30.9% , 2018 was 0.3% and 2017 was 11.9% . PGIM India Global Agribusiness Offshore Fund
Growth Launch Date 14 May 10 NAV (30 Jul 20) ₹28.4 ↑ 0.53 (1.90 %) Net Assets (Cr) ₹137 on 30 Jun 20 Category Others - Fund of Fund AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 2.35 Sharpe Ratio 1.62 Information Ratio 1.42 Alpha Ratio 23.78 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹8,740 31 Jul 17 ₹8,968 31 Jul 18 ₹10,633 31 Jul 19 ₹12,008 Returns for PGIM India Global Agribusiness Offshore Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jul 20 Duration Returns 1 Month 8.6% 3 Month 29.9% 6 Month 32.6% 1 Year 49% 3 Year 26% 5 Year 12.6% 10 Year 15 Year Since launch 10.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 30.9% 2018 0.3% 2017 11.9% 2016 0.8% 2015 -14.7% 2014 0.9% 2013 13.4% 2012 19.9% 2011 1.4% 2010 Fund Manager information for PGIM India Global Agribusiness Offshore Fund
Name Since Tenure Alok Agarwal 27 Jul 17 2.93 Yr. Data below for PGIM India Global Agribusiness Offshore Fund as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 5.65% Equity 94.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity PGIM Jennison Global Eq Opps USD I Acc
Investment Fund | -95% ₹129 Cr 87,228
↑ 15,497 Clearing Corporation Of India Ltd.
CBLO | -3% ₹5 Cr Net Receivables / (Payables)
Net Current Assets | -2% ₹3 Cr 2. Kotak Asset Allocator Fund - FOF
CAGR/Annualized return of 14.9% since its launch. Ranked 17 in Fund of Fund category. Return for 2019 was 10.3% , 2018 was 4.4% and 2017 was 13.7% . Kotak Asset Allocator Fund - FOF
Growth Launch Date 9 Aug 04 NAV (31 Jul 20) ₹92.551 ↑ 0.35 (0.38 %) Net Assets (Cr) ₹53 on 30 Jun 20 Category Others - Fund of Fund AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.97 Sharpe Ratio 0.34 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 Jul 15 ₹10,000 31 Jul 16 ₹10,945 31 Jul 17 ₹12,391 31 Jul 18 ₹12,849 31 Jul 19 ₹13,719 31 Jul 20 ₹15,411 Returns for Kotak Asset Allocator Fund - FOF
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jul 20 Duration Returns 1 Month 4.5% 3 Month 10.6% 6 Month 4.3% 1 Year 12.3% 3 Year 7.5% 5 Year 9% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2019 10.3% 2018 4.4% 2017 13.7% 2016 8.8% 2015 5.4% 2014 40.4% 2013 6.1% 2012 29.6% 2011 -25.6% 2010 17% Fund Manager information for Kotak Asset Allocator Fund - FOF
Name Since Tenure Devender Singhal 9 May 19 1.15 Yr. Arjun Khanna 9 May 19 1.15 Yr. Data below for Kotak Asset Allocator Fund - FOF as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 10.06% Equity 74.11% Debt 15.82% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Equity Opportunities Dir Gr
Investment Fund | -33% ₹17 Cr 1,405,765
↓ -433,217 Kotak Emerging Equity Dir Gr
Investment Fund | -20% ₹10 Cr 2,663,125
↓ -696,595 Kotak Corporate Bond Dir Gr
Investment Fund | -19% ₹10 Cr 34,736
↑ 34,736 Kotak Standard Multicap Dir Gr
Investment Fund | -15% ₹8 Cr 2,310,379
↓ -758,936 Kotak Small Cap Dir Gr
Investment Fund | -7% ₹4 Cr 562,647 Kotak Infra & Econ Reform Dir Gr
Investment Fund | -3% ₹1 Cr 765,816 Kotak Liquid Dir Gr
Investment Fund | -2% ₹1 Cr 2,934
↓ -1,975 Net Current Assets/(Liabilities)
Net Current Assets | -1% ₹1 Cr 3. IDFC All Seasons Bond Fund
CAGR/Annualized return of 7.9% since its launch. Ranked 36 in Fund of Fund category. Return for 2019 was 10.4% , 2018 was 6.3% and 2017 was 5.9% . IDFC All Seasons Bond Fund
Growth Launch Date 13 Sep 04 NAV (31 Jul 20) ₹33.3904 ↑ 0.04 (0.12 %) Net Assets (Cr) ₹125 on 30 Jun 20 Category Others - Fund of Fund AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.55 Sharpe Ratio 4.26 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-3 Months (0.5%),3 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,887 31 Jul 17 ₹11,781 31 Jul 18 ₹12,234 31 Jul 19 ₹13,463 Returns for IDFC All Seasons Bond Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jul 20 Duration Returns 1 Month 0.9% 3 Month 4.9% 6 Month 7% 1 Year 11.9% 3 Year 8.5% 5 Year 8.5% 10 Year 15 Year Since launch 7.9% Historical performance (Yearly) on absolute basis
Year Returns 2019 10.4% 2018 6.3% 2017 5.9% 2016 8.9% 2015 8.3% 2014 10.4% 2013 8.1% 2012 8.9% 2011 7.3% 2010 4.2% Fund Manager information for IDFC All Seasons Bond Fund
Name Since Tenure Harshal Joshi 15 Jul 16 3.96 Yr. Data below for IDFC All Seasons Bond Fund as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 3.88% Debt 96.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity IDFC Banking & PSU Debt Dir Gr
Investment Fund | -77% ₹96 Cr 51,166,345
↑ 4,072,360 IDFC Bond S/T Dir Gr
Investment Fund | -25% ₹31 Cr 6,953,234
↑ 1,108,684 Net Current Assets
Net Current Assets | -3% -₹3 Cr Triparty Repo
CBLO/Reverse Repo | -1% ₹1 Cr Cash Margin - Ccil
Net Current Assets | -0% ₹0 Cr 4. ICICI Prudential Advisor Series - Debt Management Fund
CAGR/Annualized return of 7.4% since its launch. Ranked 8 in Fund of Fund category. Return for 2019 was 8.7% , 2018 was 6.2% and 2017 was 6.5% . ICICI Prudential Advisor Series - Debt Management Fund
Growth Launch Date 18 Dec 03 NAV (31 Jul 20) ₹33.0068 ↑ 0.03 (0.09 %) Net Assets (Cr) ₹167 on 30 Jun 20 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 1.05 Sharpe Ratio 3.49 Information Ratio -0.47 Alpha Ratio 2.32 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-6 Months (0.5%),6 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,977 31 Jul 17 ₹11,997 31 Jul 18 ₹12,600 31 Jul 19 ₹13,601 Returns for ICICI Prudential Advisor Series - Debt Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jul 20 Duration Returns 1 Month 1.2% 3 Month 4.6% 6 Month 5.4% 1 Year 9.8% 3 Year 7.6% 5 Year 8.4% 10 Year 15 Year Since launch 7.4% Historical performance (Yearly) on absolute basis
Year Returns 2019 8.7% 2018 6.2% 2017 6.5% 2016 11.2% 2015 11.1% 2014 11.9% 2013 5.7% 2012 8.5% 2011 5.9% 2010 4.4% Fund Manager information for ICICI Prudential Advisor Series - Debt Management Fund
Name Since Tenure Manish Banthia 16 Jun 17 3.04 Yr. Data below for ICICI Prudential Advisor Series - Debt Management Fund as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 12.26% Debt 87.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Floating Interest Dir Gr
Investment Fund | -74% ₹124 Cr 3,789,726
↓ -121,393 ICICI Pru Short Term Dir Gr
Investment Fund | -25% ₹42 Cr 9,142,887
↓ -285,894 Treps
CBLO/Reverse Repo | -1% ₹1 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr 5. Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
CAGR/Annualized return of 9.8% since its launch. Ranked 54 in Fund of Fund category. Return for 2019 was 6.9% , 2018 was -2.6% and 2017 was 26.5% . Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
Growth Launch Date 9 May 11 NAV (31 Jul 20) ₹23.6446 ↑ 0.07 (0.31 %) Net Assets (Cr) ₹115 on 30 Jun 20 Category Others - Fund of Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.41 Sharpe Ratio -0.1 Information Ratio -1.01 Alpha Ratio -1.49 Min Investment 1,000 Min SIP Investment 1,000 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,846 31 Jul 17 ₹12,636 31 Jul 18 ₹13,355 31 Jul 19 ₹12,975 31 Jul 20 ₹13,973 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 30 Jul 20 Duration Returns 1 Month 5.7% 3 Month 8.3% 6 Month -0.9% 1 Year 7.7% 3 Year 3.4% 5 Year 6.9% 10 Year 15 Year Since launch 9.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 6.9% 2018 -2.6% 2017 26.5% 2016 7.5% 2015 4.4% 2014 37.1% 2013 1.2% 2012 26.2% 2011 2010 Fund Manager information for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
Name Since Tenure Vinod Bhat 16 Aug 19 0.88 Yr. Data below for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 8.7% Equity 67.93% Debt 14.54% Other 8.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Standard Multicap Dir Gr
Investment Fund | -19% ₹21 Cr 6,151,893
↑ 657,310 Axis Focused 25 Dir Gr
Investment Fund | -15% ₹17 Cr 5,780,178
↓ -294,837 Tata Large & Mid Cap Dir Gr
Investment Fund | -14% ₹17 Cr 789,433
↓ -80,753 Aditya BSL Gold ETF
- | 5334089% ₹10 Cr 23,000 Aditya BSL Nifty ETF
- | BSLNIFTY8% ₹10 Cr 850,000 Aditya BSL Focused Eq Dir Gr
Investment Fund | -6% ₹7 Cr 1,276,206
↑ 149,919 Aditya BSL Corporate Bond Dir Gr
Investment Fund | -5% ₹5 Cr 643,087
↑ 234,931 Kotak Emerging Equity Dir Gr
Investment Fund | -5% ₹5 Cr 1,377,869
↑ 157,356 Aditya BSL Equity Dir Gr
Investment Fund | -4% ₹5 Cr 72,877
↑ 11,206 HDFC Corporate Bond Dir Gr
Investment Fund | -4% ₹4 Cr 1,836,545
↓ -459,567 6. ICICI Prudential Advisor Series - Conservative Fund
CAGR/Annualized return of 11.2% since its launch. Return for 2019 was 9.7% , 2018 was 8.6% and 2017 was 15.3% . ICICI Prudential Advisor Series - Conservative Fund
Growth Launch Date 18 Dec 03 NAV (31 Jul 20) ₹58.2894 ↑ 0.17 (0.30 %) Net Assets (Cr) ₹7,327 on 30 Jun 20 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.54 Sharpe Ratio -0.07 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 Jul 15 ₹10,000 31 Jul 16 ₹10,907 31 Jul 17 ₹12,805 31 Jul 18 ₹13,544 31 Jul 19 ₹14,532 Returns for ICICI Prudential Advisor Series - Conservative Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jul 20 Duration Returns 1 Month 4.9% 3 Month 9.8% 6 Month -1.1% 1 Year 4.5% 3 Year 5.9% 5 Year 8.7% 10 Year 15 Year Since launch 11.2% Historical performance (Yearly) on absolute basis
Year Returns 2019 9.7% 2018 8.6% 2017 15.3% 2016 12.8% 2015 2.3% 2014 25.5% 2013 2.3% 2012 19.6% 2011 -3.7% 2010 11.5% Fund Manager information for ICICI Prudential Advisor Series - Conservative Fund
Name Since Tenure Sankaran Naren 5 Sep 18 1.82 Yr. Manish Banthia 16 Jun 17 3.04 Yr. Dharmesh Kakkad 28 May 18 2.09 Yr. Data below for ICICI Prudential Advisor Series - Conservative Fund as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 6.1% Equity 69.05% Debt 24.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Bluechip Dir Gr
Investment Fund | -32% ₹2,371 Cr 584,649,582 ICICI Pru Value Discovery Dir Gr
Investment Fund | -18% ₹1,339 Cr 94,050,589 ICICI Pru Multicap Dir Gr
Investment Fund | -11% ₹803 Cr 30,620,671 ICICI Pru All Seasons Bond Dir Gr
Investment Fund | -10% ₹748 Cr 270,152,549 ICICI Pru Gilt Dir Gr
Investment Fund | -8% ₹558 Cr 70,466,620 ICICI Pru Floating Interest Dir Gr
Investment Fund | -7% ₹491 Cr 15,073,650
↑ 6,507,986 ICICI Prudential India Opports Dir Gr
Investment Fund | -6% ₹447 Cr 493,680,907 ICICI Pru Large & Mid Cap Dir Gr
Investment Fund | -5% ₹380 Cr 12,775,552
↓ -5,374,760 ICICI Pru Long Term Bond Dir Gr
Investment Fund | -2% ₹152 Cr 20,453,523 Treps
CBLO/Reverse Repo | -1% ₹61 Cr 7. ICICI Prudential Advisor Series - Hybrid Fund
CAGR/Annualized return of 8.1% since its launch. Return for 2019 was 8.6% , 2018 was 6.4% and 2017 was 5.8% . ICICI Prudential Advisor Series - Hybrid Fund
Growth Launch Date 18 Dec 03 NAV (31 Jul 20) ₹36.321 ↑ 0.08 (0.21 %) Net Assets (Cr) ₹108 on 30 Jun 20 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 0.62 Sharpe Ratio -0.06 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Months (0.25%),1 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Jul 15 ₹10,000 31 Jul 16 ₹10,495 31 Jul 17 ₹11,416 31 Jul 18 ₹11,966 31 Jul 19 ₹12,860 31 Jul 20 ₹13,356 Returns for ICICI Prudential Advisor Series - Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 30 Jul 20 Duration Returns 1 Month 2.8% 3 Month 7.8% 6 Month -0.6% 1 Year 3.9% 3 Year 5.4% 5 Year 6% 10 Year 15 Year Since launch 8.1% Historical performance (Yearly) on absolute basis
Year Returns 2019 8.6% 2018 6.4% 2017 5.8% 2016 9.6% 2015 3% 2014 22% 2013 1.2% 2012 11.9% 2011 2.7% 2010 8.4% Fund Manager information for ICICI Prudential Advisor Series - Hybrid Fund
Name Since Tenure Manish Banthia 16 Jun 17 3.04 Yr. Dharmesh Kakkad 28 May 18 2.09 Yr. Data below for ICICI Prudential Advisor Series - Hybrid Fund as on 30 Jun 20
Asset Allocation
Asset Class Value Cash 8.31% Equity 26.22% Debt 65.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Medium Term Bond Dir Gr
Investment Fund | -56% ₹60 Cr 17,862,902 ICICI Pru Smallcap Dir Gr
Investment Fund | -21% ₹23 Cr 10,395,172
↓ -1,397,096 ICICI Pru Corporate Bond Dir Gr
Investment Fund | -15% ₹16 Cr 6,997,587
↑ 4,223,451 ICICI Prudential India Opports Dir Gr
Investment Fund | -7% ₹8 Cr 8,606,835
↓ -573,400 Treps
CBLO/Reverse Repo | -4% ₹4 Cr Net Current Assets
Net Current Assets | -3% -₹3 Cr
Advantages of Fund of Funds
Like every mutual fund, fund of funds also has numerous advantages. Some of them are:
1. Portfolio Diversification and Fund Allocation
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.
2. Gateway for Diversified Assets
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.
3. Due Diligence Process
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.
4. Less Investment Amount
This is a good option for retail investors who wish to venture into this investment avenue with a lower ticket size.
How Does a Fund of Fund Works?
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.
Why Choose Fund of 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.
How to Invest in FOF Mutual Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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