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 ₹64.5559
↑ 1.06 ₹5,845 13.4 33.1 62.5 22.5 22.2 26.3 IDBI Nifty Junior Index Fund Growth ₹54.4441
↑ 0.89 ₹90 13.2 32.7 61.7 22.3 22 25.7 Principal Nifty 100 Equal Weight Fund Growth ₹180.01
↑ 3.06 ₹86 10.7 23 45.7 20.3 21.3 29 ICICI Prudential Advisor Series - Passive Strategy Fund Growth ₹157.784
↑ 2.20 ₹180 10.4 17 34.9 19.7 19.5 29.3 Aditya Birla Sun Life Financial Planning FOF Aggressive Plan Growth ₹51.164
↑ 0.01 ₹214 9.9 16.8 33.1 17 18.3 24.5 Kotak Asset Allocator Fund - FOF Growth ₹215.949
↓ -0.80 ₹1,517 7.1 15.2 28.5 19.3 21.3 23.4 Franklin India Dynamic PE Ratio Fund of Funds Growth ₹156.438
↑ 0.16 ₹1,328 5.6 10.2 25.5 16.4 13.3 21.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Jul 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 To provide long term capital appreciation with relatively lower volatility through a dynamically balanced portfolio of equity and income funds Franklin India Dynamic PE Ratio Fund of Funds is a Others - Fund of Fund fund was launched on 31 Oct 03. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Dynamic PE Ratio Fund of Funds Returns up to 1 year are on 1. ICICI Prudential Nifty Next 50 Index Fund
CAGR/Annualized
return of 14% 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 (26 Jul 24) ₹64.5559 ↑ 1.06 (1.66 %) Net Assets (Cr) ₹5,845 on 30 Jun 24 Category Others - Index Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.7 Sharpe Ratio 3.16 Information Ratio -12.51 Alpha Ratio -0.64 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 30 Jun 19 ₹10,000 30 Jun 20 ₹9,399 30 Jun 21 ₹13,988 30 Jun 22 ₹13,302 30 Jun 23 ₹15,921 30 Jun 24 ₹26,024 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 26 Jul 24 Duration Returns 1 Month 1.2% 3 Month 13.4% 6 Month 33.1% 1 Year 62.5% 3 Year 22.5% 5 Year 22.2% 10 Year 15 Year Since launch 14% 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 3.45 Yr. Priya Sridhar 1 Feb 24 0.41 Yr. Ajaykumar Solanki 1 Feb 24 0.41 Yr. Data below for ICICI Prudential Nifty Next 50 Index Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 0.39% Equity 99.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TRENT6% ₹323 Cr 589,730
↑ 11,738 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL5% ₹293 Cr 9,583,801
↑ 190,341 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL5% ₹264 Cr 501,043
↑ 9,969 Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | TATAPOWER3% ₹200 Cr 4,531,379
↑ 90,009 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | PFC3% ₹188 Cr 3,885,235
↑ 77,180 InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO3% ₹188 Cr 444,089
↑ 69,584 Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | SIEMENS3% ₹184 Cr 238,217
↑ 4,754 REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | RECLTD3% ₹174 Cr 3,311,486
↑ 65,779 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 5002953% ₹172 Cr 3,779,529
↑ 270,052 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC3% ₹163 Cr 9,823,892
↑ 195,108 2. IDBI Nifty Junior Index Fund
CAGR/Annualized
return of 12.9% 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 (26 Jul 24) ₹54.4441 ↑ 0.89 (1.66 %) Net Assets (Cr) ₹90 on 30 Jun 24 Category Others - Index Fund AMC IDBI Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.73 Sharpe Ratio 3.13 Information Ratio -7.32 Alpha Ratio -1.08 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹9,439 30 Jun 21 ₹13,921 30 Jun 22 ₹13,254 30 Jun 23 ₹15,852 30 Jun 24 ₹25,768 Returns for IDBI Nifty Junior Index Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 1.2% 3 Month 13.2% 6 Month 32.7% 1 Year 61.7% 3 Year 22.3% 5 Year 22% 10 Year 15 Year Since launch 12.9% 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 0.75 Yr. Data below for IDBI Nifty Junior Index Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 0.56% Equity 99.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | TRENT5% ₹5 Cr 8,861
↓ -275 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL5% ₹5 Cr 148,660
↑ 532 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL5% ₹4 Cr 7,757
↓ -23 Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | TATAPOWER3% ₹3 Cr 70,133
↓ -300 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | PFC3% ₹3 Cr 59,888
↓ -82 InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO3% ₹3 Cr 6,840
↑ 940 Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | SIEMENS3% ₹3 Cr 3,744
↑ 60 REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | RECLTD3% ₹3 Cr 51,037
↓ -186 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 5002953% ₹3 Cr 56,843
↑ 1,201 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Sep 21 | CHOLAFIN3% ₹3 Cr 17,615
↑ 604 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 (26 Jul 24) ₹180.01 ↑ 3.06 (1.73 %) Net Assets (Cr) ₹86 on 30 Jun 24 Category Others - Index Fund AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.96 Sharpe Ratio 2.7 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,863 30 Jun 21 ₹14,051 30 Jun 22 ₹13,675 30 Jun 23 ₹16,686 30 Jun 24 ₹24,290 Returns for Principal Nifty 100 Equal Weight Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 2.9% 3 Month 10.7% 6 Month 23% 1 Year 45.7% 3 Year 20.3% 5 Year 21.3% 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 2.5 Yr. Ashish Aggarwal 1 Jan 22 2.5 Yr. Data below for Principal Nifty 100 Equal Weight Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 3.66% Equity 96.34% Top Securities Holdings / Portfolio
Name Holding Value Quantity Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 5002951% ₹1 Cr 26,943
↑ 666 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Oct 22 | HAL1% ₹1 Cr 2,302
↑ 56 Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | MOTHERSON1% ₹1 Cr 62,834
↑ 1,553 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Oct 22 | BEL1% ₹1 Cr 37,089
↑ 916 Siemens Ltd (Industrials)
Equity, Since 31 May 18 | SIEMENS1% ₹1 Cr 1,465
↑ 36 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jan 03 | M&M1% ₹1 Cr 3,869
↑ 95 ABB India Ltd (Industrials)
Equity, Since 30 Apr 23 | ABB1% ₹1 Cr 1,227
↑ 30 Trent Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | TRENT1% ₹1 Cr 1,846
↑ 45 Adani Power Ltd (Utilities)
Equity, Since 31 Mar 24 | ADANIPOWER1% ₹1 Cr 13,773
↑ 340 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Mar 19 | DIVISLAB1% ₹1 Cr 2,126
↑ 52 4. ICICI Prudential Advisor Series - Passive Strategy Fund
CAGR/Annualized
return of 14.2% 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 (26 Jul 24) ₹157.784 ↑ 2.20 (1.42 %) Net Assets (Cr) ₹180 on 30 Jun 24 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating Risk Moderately High Expense Ratio 0.35 Sharpe Ratio 2.09 Information Ratio 0.01 Alpha Ratio -0.26 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 30 Jun 19 ₹10,000 30 Jun 20 ₹8,491 30 Jun 21 ₹13,444 30 Jun 22 ₹13,300 30 Jun 23 ₹16,876 30 Jun 24 ₹22,666 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 26 Jul 24 Duration Returns 1 Month 3.9% 3 Month 10.4% 6 Month 17% 1 Year 34.9% 3 Year 19.7% 5 Year 19.5% 10 Year 15 Year Since launch 14.2% 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 5.82 Yr. Dharmesh Kakkad 28 May 18 6.1 Yr. Sharmila D’mello 13 May 24 0.13 Yr. Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 4.66% Equity 86.85% Other 8.49% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Nifty Private Banks ETF
- | -15% ₹27 Cr 10,263,890 ICICI Prudential Nifty Infra ETF
- | -15% ₹26 Cr 2,833,142 ICICI Pru Nifty Bank ETF
- | -15% ₹26 Cr 4,909,440 ICICI Pru Nifty IT ETF
- | -13% ₹23 Cr 6,014,790
↑ 238,300 ICICI Pru Nifty Healthcare ETF
- | -12% ₹22 Cr 1,754,961 ICICI Pru Nifty India Consumption ETF
- | -10% ₹18 Cr 1,600,930
↑ 100,400 Icici Prudential A
Investment Fund | -8% ₹15 Cr 2,563,800 CPSE ETF
- | -4% ₹7 Cr 736,300
↓ -372,500 ICICI Pru Nifty Financial Svcs Ex-Bk ETF
- | -3% ₹6 Cr 2,534,345 Treps
CBLO/Reverse Repo | -4% ₹8 Cr 5. Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
CAGR/Annualized
return of 13.2% 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 (25 Jul 24) ₹51.164 ↑ 0.01 (0.01 %) Net Assets (Cr) ₹214 on 30 Jun 24 Category Others - Fund of Fund AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.07 Sharpe Ratio 2.74 Information Ratio 0.85 Alpha Ratio 6.76 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 30 Jun 19 ₹10,000 30 Jun 20 ₹9,860 30 Jun 21 ₹13,803 30 Jun 22 ₹13,801 30 Jun 23 ₹16,540 30 Jun 24 ₹22,109 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 26 Jul 24 Duration Returns 1 Month 2.4% 3 Month 9.9% 6 Month 16.8% 1 Year 33.1% 3 Year 17% 5 Year 18.3% 10 Year 15 Year Since launch 13.2% 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 4.88 Yr. Dhaval Joshi 21 Nov 22 1.61 Yr. Data below for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 7.01% Equity 78.73% Debt 12.07% Other 2.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Multicap Dir Gr
Investment Fund | -12% ₹26 Cr 13,424,109 Aditya BSL Flexi Cap Dir Gr
Investment Fund | -12% ₹26 Cr 138,615 Nippon India Growth Dir Gr
Investment Fund | -12% ₹25 Cr 59,676 ICICI Pru Bluechip Dir Gr
Investment Fund | -11% ₹25 Cr 2,171,283 HDFC Large and Mid Cap Dir Gr
Investment Fund | -11% ₹24 Cr 710,538 Aditya BSL Frontline Equity Dir Gr
Investment Fund | -10% ₹21 Cr 383,425 Nippon India Small Cap Dir Gr
Investment Fund | -7% ₹16 Cr 842,450 Quant Small Cap Dir Gr
Investment Fund | -6% ₹12 Cr 429,656
↑ 112,938 HDFC Low Duration Dir Gr
Investment Fund | -5% ₹11 Cr 1,914,213 Aditya BSL Short Term Dir Gr
Investment Fund | -5% ₹11 Cr 2,278,580
↑ 313,427 6. Kotak Asset Allocator Fund - FOF
CAGR/Annualized
return of 16.6% 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 (25 Jul 24) ₹215.949 ↓ -0.80 (-0.37 %) Net Assets (Cr) ₹1,517 on 30 Jun 24 Category Others - Fund of Fund AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 0.76 Sharpe Ratio 3.17 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 30 Jun 19 ₹10,000 30 Jun 20 ₹10,800 30 Jun 21 ₹15,187 30 Jun 22 ₹15,623 30 Jun 23 ₹19,950 30 Jun 24 ₹26,321 Returns for Kotak Asset Allocator Fund - FOF
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 0.3% 3 Month 7.1% 6 Month 15.2% 1 Year 28.5% 3 Year 19.3% 5 Year 21.3% 10 Year 15 Year Since launch 16.6% 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 2.63 Yr. Devender Singhal 9 May 19 5.15 Yr. Arjun Khanna 9 May 19 5.15 Yr. Data below for Kotak Asset Allocator Fund - FOF as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 4.73% Equity 58.39% Debt 23.77% Other 13.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Gold ETF
- | -13% ₹202 Cr 33,110,000 Kotak Gilt-Investment Growth - Direct
Investment Fund | -13% ₹194 Cr 19,261,359 Kotak Bond Dir Gr
Investment Fund | -11% ₹168 Cr 21,279,938 Kotak Nifty Bank ETF
- | BANKNIFTY111% ₹161 Cr 2,990,000
↑ 2,990,000 Kotak Infra & Econ Reform Dir Gr
Investment Fund | -10% ₹151 Cr 18,399,092 iShares NASDAQ 100 ETF USD Acc
- | -10% ₹146 Cr 15,440 Kotak Consumption Dir Gr
Investment Fund | -9% ₹142 Cr 113,983,817 Kotak Quant Dir Gr
Investment Fund | -7% ₹109 Cr 70,592,506 Kotak Manufacture in India Dir Gr
Investment Fund | -5% ₹80 Cr 41,081,682 Kotak India EQ Contra Dir Gr
Investment Fund | -5% ₹76 Cr 4,460,689 7. Franklin India Dynamic PE Ratio Fund of Funds
CAGR/Annualized
return of 14.2% since its launch. Ranked 24 in Fund of Fund
category. Return for 2023 was 21.6% , 2022 was 7.1% and 2021 was 36.3% . Franklin India Dynamic PE Ratio Fund of Funds
Growth Launch Date 31 Oct 03 NAV (25 Jul 24) ₹156.438 ↑ 0.16 (0.10 %) Net Assets (Cr) ₹1,328 on 30 Jun 24 Category Others - Fund of Fund AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.26 Sharpe Ratio 3.15 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 30 Jun 19 ₹10,000 30 Jun 20 ₹8,003 30 Jun 21 ₹11,469 30 Jun 22 ₹12,431 30 Jun 23 ₹14,540 30 Jun 24 ₹18,384 Returns for Franklin India Dynamic PE Ratio Fund of Funds
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 26 Jul 24 Duration Returns 1 Month 1.8% 3 Month 5.6% 6 Month 10.2% 1 Year 25.5% 3 Year 16.4% 5 Year 13.3% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 2023 21.6% 2022 7.1% 2021 36.3% 2020 -7.7% 2019 5.8% 2018 4.9% 2017 15.5% 2016 7.7% 2015 5.2% 2014 24.7% Fund Manager information for Franklin India Dynamic PE Ratio Fund of Funds
Name Since Tenure Varun Sharma 1 Sep 23 0.83 Yr. Rajasa Kakulavarapu 7 Feb 22 2.4 Yr. Data below for Franklin India Dynamic PE Ratio Fund of Funds as on 30 Jun 24
Asset Allocation
Asset Class Value Cash 8.64% Equity 41.09% Debt 49.7% Other 0.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity Franklin India Flexi Cap Dir Gr
Investment Fund | -44% ₹584 Cr 3,382,921
↑ 10,906 ICICI Pru Short Term Dir Gr
Investment Fund | -28% ₹371 Cr 61,747,549
↓ -1,004,001 SBI Short Term Debt Dir Gr
Investment Fund | -28% ₹370 Cr 118,508,611
↓ -1,929,906 Franklin India S/T Income Dir Gr
Investment Fund | -0% ₹0 Cr 1,211 Franklin India Dynamic Accrual Fund- Segregated Portfolio 3- 9.50% Yes Bank
- | -0% ₹0 Cr 1,483,903 Franklin India S/T Inc Sgtd Ptf3DirRetGr
Investment Fund | -0% ₹0 Cr 1,370,528 Call, Cash & Other Assets
CBLO | -0% ₹4 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.