Table of Contents
Top 7 Others - Fund of Fund 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 (%) 2022 (%) Kotak Asset Allocator Fund - FOF Growth ₹147.363
↓ -0.34 ₹784 -2 7.9 9.7 25.6 14.3 11.3 ICICI Prudential Advisor Series - Conservative Fund Growth ₹84.5167
↑ 0.42 ₹18,394 0.4 4.5 7.1 21.3 11.4 8.2 ICICI Prudential Advisor Series - Hybrid Fund Growth ₹47.2437
↑ 0.15 ₹272 0.7 4.3 6.3 12.8 8.1 6.7 ICICI Prudential Advisor Series - Debt Management Fund Growth ₹37.5521
↑ 0.04 ₹141 1.6 3.1 5.6 5.9 6.5 4 ICICI Prudential Advisor Series - Passive Strategy Fund Growth ₹99.6276
↑ 0.65 ₹93 -3.6 2.1 4.6 24.4 10.3 4.2 Franklin India Dynamic PE Ratio Fund of Funds Growth ₹112.619
↓ -0.30 ₹1,104 -2.9 1.3 4 17.4 7.9 7.1 IDFC All Seasons Bond Fund Growth ₹37.0313
↑ 0.04 ₹128 1.6 3.2 4 5.4 6.7 3.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Mar 23 Assets >= 50 Crore
& Sorted based on 1 year Return
.
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 (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 (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 (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 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 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 1. Kotak Asset Allocator Fund - FOF
CAGR/Annualized
return of 15.5% since its launch. Ranked 17 in Fund of Fund
category. Return for 2022 was 11.3% , 2021 was 25% and 2020 was 25% . Kotak Asset Allocator Fund - FOF
Growth Launch Date 9 Aug 04 NAV (28 Mar 23) ₹147.363 ↓ -0.34 (-0.23 %) Net Assets (Cr) ₹784 on 28 Feb 23 Category Others - Fund of Fund AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 0.85 Sharpe Ratio 0.57 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,508 29 Feb 20 ₹11,651 28 Feb 21 ₹15,051 28 Feb 22 ₹17,544 28 Feb 23 ₹19,576 Returns for Kotak Asset Allocator Fund - FOF
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 23 Duration Returns 1 Month 0% 3 Month -2% 6 Month 7.9% 1 Year 9.7% 3 Year 25.6% 5 Year 14.3% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 6.1% Fund Manager information for Kotak Asset Allocator Fund - FOF
Name Since Tenure Abhishek Bisen 15 Nov 21 1.29 Yr. Devender Singhal 9 May 19 3.81 Yr. Arjun Khanna 9 May 19 3.81 Yr. Data below for Kotak Asset Allocator Fund - FOF as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 2.97% Equity 66.95% Debt 20.62% Other 9.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Bond Dir Gr
Investment Fund | -15% ₹115 Cr 16,334,104 Kotak Bluechip Dir Gr
Investment Fund | -12% ₹96 Cr 2,296,393 Kotak Flexicap Dir Gr
Investment Fund | -11% ₹84 Cr 14,541,557
↑ 14,541,557 Kotak Nifty MNC ETF
- | -10% ₹77 Cr 40,500,000
↑ 6,000,000 Kotak Gold ETF
- | -10% ₹76 Cr 15,850,000
↓ -2,300,000 Kotak Nifty PSU Bank ETF
- | -9% ₹73 Cr 2,000,000
↓ -100,000 iShares NASDAQ 100 ETF USD Acc
- | -9% ₹70 Cr 12,365 Kotak Nifty 50 ETF
- | -8% ₹63 Cr 3,400,000
↑ 3,400,000 Kotak Infra & Econ Reform Dir Gr
Investment Fund | -8% ₹61 Cr 14,220,358
↑ 5,786,350 Kotak Corporate Bond Dir Gr
Investment Fund | -7% ₹53 Cr 162,650 2. ICICI Prudential Advisor Series - Conservative Fund
CAGR/Annualized
return of 11.7% since its launch. Return for 2022 was 8.2% , 2021 was 16.6% and 2020 was 13.4% . ICICI Prudential Advisor Series - Conservative Fund
Growth Launch Date 18 Dec 03 NAV (29 Mar 23) ₹84.5167 ↑ 0.42 (0.51 %) Net Assets (Cr) ₹18,394 on 28 Feb 23 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.54 Sharpe Ratio 0.56 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,966 29 Feb 20 ₹11,706 28 Feb 21 ₹14,156 28 Feb 22 ₹15,915 28 Feb 23 ₹17,165 Returns for ICICI Prudential Advisor Series - Conservative Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 23 Duration Returns 1 Month 0.5% 3 Month 0.4% 6 Month 4.5% 1 Year 7.1% 3 Year 21.3% 5 Year 11.4% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 8.2% 2021 16.6% 2020 13.4% 2019 9.7% 2018 8.6% 2017 15.3% 2016 12.8% 2015 2.3% 2014 25.5% 2013 2.3% Fund Manager information for ICICI Prudential Advisor Series - Conservative Fund
Name Since Tenure Sankaran Naren 5 Sep 18 4.49 Yr. Manish Banthia 16 Jun 17 5.71 Yr. Dharmesh Kakkad 28 May 18 4.76 Yr. Data below for ICICI Prudential Advisor Series - Conservative Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 12.82% Equity 32.21% Debt 47.89% Other 7.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Savings Dir Gr
Investment Fund | -24% ₹4,490 Cr 97,816,472
↓ -5,446,041 ICICI Pru Floating Interest Dir Gr
Investment Fund | -15% ₹2,729 Cr 71,753,376 ICICI Pru Large & Mid Cap Dir Gr
Investment Fund | -8% ₹1,498 Cr 24,051,847
↑ 5,658,564 ICICI Pru All Seasons Bond Dir Gr
Investment Fund | -8% ₹1,421 Cr 437,265,480 ICICI Pru Gold ETF
- | -7% ₹1,333 Cr 273,650,547 ICICI Pru Value Discovery Dir Gr
Investment Fund | -6% ₹1,073 Cr 36,146,130 ICICI Pru Short Term Dir Gr
Investment Fund | -5% ₹988 Cr 183,265,154 ICICI Pru Banking & Fin Svcs Dir Gr
Investment Fund | -5% ₹973 Cr 102,363,306
↑ 23,905,242 ICICI Pru Pharma Healthcare Diag Dir Gr
Investment Fund | -3% ₹537 Cr 276,449,407
↑ 76,449,069 ICICI Pru Infrastructure Dir Gr
Investment Fund | -3% ₹494 Cr 46,833,763
↓ -2,353,851 3. ICICI Prudential Advisor Series - Hybrid Fund
CAGR/Annualized
return of 8.4% since its launch. Return for 2022 was 6.7% , 2021 was 10.8% and 2020 was 9.2% . ICICI Prudential Advisor Series - Hybrid Fund
Growth Launch Date 18 Dec 03 NAV (29 Mar 23) ₹47.2437 ↑ 0.15 (0.31 %) Net Assets (Cr) ₹272 on 28 Feb 23 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 0.94 Sharpe Ratio 0.47 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,644 29 Feb 20 ₹11,436 28 Feb 21 ₹12,718 28 Feb 22 ₹13,886 28 Feb 23 ₹14,865 Returns for ICICI Prudential Advisor Series - Hybrid Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 23 Duration Returns 1 Month 0.2% 3 Month 0.7% 6 Month 4.3% 1 Year 6.3% 3 Year 12.8% 5 Year 8.1% 10 Year 15 Year Since launch 8.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.7% 2021 10.8% 2020 9.2% 2019 8.6% 2018 6.4% 2017 5.8% 2016 9.6% 2015 3% 2014 22% 2013 1.2% Fund Manager information for ICICI Prudential Advisor Series - Hybrid Fund
Name Since Tenure Manish Banthia 16 Jun 17 5.71 Yr. Ritesh Lunawat 29 Dec 20 2.17 Yr. Dharmesh Kakkad 28 May 18 4.76 Yr. Data below for ICICI Prudential Advisor Series - Hybrid Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 10% Equity 18.43% Debt 71.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Floating Interest Dir Gr
Investment Fund | -77% ₹209 Cr 5,499,098
↑ 1,015,173 ICICI Pru Value Discovery Dir Gr
Investment Fund | -12% ₹32 Cr 1,079,966 ICICI Pru Equity & Debt Dir Gr
Investment Fund | -10% ₹26 Cr 998,794 Treps
CBLO/Reverse Repo | -2% ₹5 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr ICICI Pru FMCG Dir Gr
Investment Fund | -₹0 Cr 00
↓ -667,848 ICICI Pru Bond Dir Gr
Investment Fund | -₹0 Cr 00
↓ -2,955,686 4. ICICI Prudential Advisor Series - Debt Management Fund
CAGR/Annualized
return of 7.1% since its launch. Ranked 8 in Fund of Fund
category. Return for 2022 was 4% , 2021 was 4.2% and 2020 was 9.7% . ICICI Prudential Advisor Series - Debt Management Fund
Growth Launch Date 18 Dec 03 NAV (29 Mar 23) ₹37.5521 ↑ 0.04 (0.11 %) Net Assets (Cr) ₹141 on 28 Feb 23 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.71 Sharpe Ratio -0.31 Information Ratio 0.23 Alpha Ratio 0.47 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-6 Months (0.5%),6 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,639 29 Feb 20 ₹11,625 28 Feb 21 ₹12,584 28 Feb 22 ₹13,066 28 Feb 23 ₹13,722 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 28 Mar 23 Duration Returns 1 Month 0.7% 3 Month 1.6% 6 Month 3.1% 1 Year 5.6% 3 Year 5.9% 5 Year 6.5% 10 Year 15 Year Since launch 7.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 4% 2021 4.2% 2020 9.7% 2019 8.7% 2018 6.2% 2017 6.5% 2016 11.2% 2015 11.1% 2014 11.9% 2013 5.7% Fund Manager information for ICICI Prudential Advisor Series - Debt Management Fund
Name Since Tenure Manish Banthia 16 Jun 17 5.71 Yr. Ritesh Lunawat 29 Dec 20 2.17 Yr. Data below for ICICI Prudential Advisor Series - Debt Management Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 13.43% Debt 86.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Floating Interest Dir Gr
Investment Fund | -34% ₹48 Cr 1,265,840 ICICI Pru All Seasons Bond Dir Gr
Investment Fund | -26% ₹37 Cr 11,489,378 HDFC Floating Rate Debt Dir Gr
Investment Fund | -14% ₹20 Cr 4,761,797 ICICI Pru Savings Dir Gr
Investment Fund | -12% ₹17 Cr 362,623 DSP 10Y G-Sec Dir Gr
Investment Fund | -5% ₹7 Cr 3,931,969 HDFC Nifty G- Sec Jun 2027 Index Dir Gr
Investment Fund | -4% ₹6 Cr 5,464,208
↑ 5,464,208 ICICI Pru Short Term Dir Gr
Investment Fund | -3% ₹4 Cr 762,910 HDFC Ultra S/T Fund Dir Gr
Investment Fund | -1% ₹1 Cr 677,752
↓ -8,465,671 Treps
CBLO/Reverse Repo | -1% ₹1 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr 5. ICICI Prudential Advisor Series - Passive Strategy Fund
CAGR/Annualized
return of 12.7% since its launch. Return for 2022 was 4.2% , 2021 was 30.3% and 2020 was 10.7% . ICICI Prudential Advisor Series - Passive Strategy Fund
Growth Launch Date 18 Dec 03 NAV (29 Mar 23) ₹99.6276 ↑ 0.65 (0.66 %) Net Assets (Cr) ₹93 on 28 Feb 23 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating Risk Moderately High Expense Ratio 0.33 Sharpe Ratio 0.17 Information Ratio -0.07 Alpha Ratio 3.59 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,214 29 Feb 20 ₹10,417 28 Feb 21 ₹13,308 28 Feb 22 ₹15,392 28 Feb 23 ₹16,474 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 28 Mar 23 Duration Returns 1 Month -1.5% 3 Month -3.6% 6 Month 2.1% 1 Year 4.6% 3 Year 24.4% 5 Year 10.3% 10 Year 15 Year Since launch 12.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 0.3% Fund Manager information for ICICI Prudential Advisor Series - Passive Strategy Fund
Name Since Tenure Sankaran Naren 5 Sep 18 4.49 Yr. Dharmesh Kakkad 28 May 18 4.76 Yr. Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 3.58% Equity 96.42% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Nifty Healthcare ETF
- | -22% ₹21 Cr 2,729,961 ICICI Pru Nifty IT ETF
- | -17% ₹16 Cr 5,095,640
↓ -200,000 ICICI Pru Nifty Private Banks ETF
- | -14% ₹13 Cr 657,327 ICICI Pru Nifty Bank ETF
- | -14% ₹13 Cr 3,259,440 ICICI Prudential Nifty Infra ETF
- | -13% ₹12 Cr 2,399,892
↑ 574,892 ICICI Pru Nifty FMCG ETF
- | -7% ₹7 Cr 149,030
↓ -65,775 ICICI Prudential Nifty Auto ETF
- | -6% ₹5 Cr 422,542 ICICI Pru Nifty India Consumption ETF
- | -3% ₹2 Cr 330,530
↑ 80,530 Treps
CBLO/Reverse Repo | -3% ₹3 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr 6. Franklin India Dynamic PE Ratio Fund of Funds
CAGR/Annualized
return of 13.3% since its launch. Ranked 24 in Fund of Fund
category. Return for 2022 was 7.1% , 2021 was 36.3% and 2020 was -7.7% . Franklin India Dynamic PE Ratio Fund of Funds
Growth Launch Date 31 Oct 03 NAV (28 Mar 23) ₹112.619 ↓ -0.30 (-0.26 %) Net Assets (Cr) ₹1,104 on 28 Feb 23 Category Others - Fund of Fund AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 1.07 Sharpe Ratio 0.11 Information Ratio -0.23 Alpha Ratio 2.06 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,513 29 Feb 20 ₹10,654 28 Feb 21 ₹11,033 28 Feb 22 ₹13,808 28 Feb 23 ₹14,644 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 28 Mar 23 Duration Returns 1 Month -0.7% 3 Month -2.9% 6 Month 1.3% 1 Year 4% 3 Year 17.4% 5 Year 7.9% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 3.9% Fund Manager information for Franklin India Dynamic PE Ratio Fund of Funds
Name Since Tenure Rajasa Kakulavarapu 7 Feb 22 1.06 Yr. Data below for Franklin India Dynamic PE Ratio Fund of Funds as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 12.65% Equity 52.54% Debt 34.81% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Franklin India Flexi Cap Dir Gr
Investment Fund | -55% ₹605 Cr 5,763,835
↑ 477,721 ICICI Pru Short Term Dir Gr
Investment Fund | -22% ₹238 Cr 44,083,366
↓ -4,786,632 SBI Short Term Debt Dir Gr
Investment Fund | -21% ₹237 Cr 83,921,762
↓ -9,108,727 Franklin India S/T Income Dir Gr
Investment Fund | -1% ₹11 Cr 43,693
↓ -6,395 Franklin India S/T Inc Sgtd Ptf2RetDirGr
Investment Fund | -0% ₹4 Cr 840,905 Franklin India Dyn Acrl Sgtd Ptf 2 DirGr
Investment Fund | -0% ₹0 Cr 871,929 Call, Cash & Other Assets
Net Current Assets | -1% ₹9 Cr 7. IDFC All Seasons Bond Fund
CAGR/Annualized
return of 7.3% since its launch. Ranked 36 in Fund of Fund
category. Return for 2022 was 3.2% , 2021 was 3.3% and 2020 was 10.5% . IDFC All Seasons Bond Fund
Growth Launch Date 13 Sep 04 NAV (29 Mar 23) ₹37.0313 ↑ 0.04 (0.11 %) Net Assets (Cr) ₹128 on 28 Feb 23 Category Others - Fund of Fund AMC IDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately Low Expense Ratio 0.5 Sharpe Ratio -1.79 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 28 Feb 18 ₹10,000 28 Feb 19 ₹10,744 29 Feb 20 ₹11,920 28 Feb 21 ₹12,864 28 Feb 22 ₹13,436 28 Feb 23 ₹13,871 Returns for IDFC All Seasons Bond Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 28 Mar 23 Duration Returns 1 Month 1% 3 Month 1.6% 6 Month 3.2% 1 Year 4% 3 Year 5.4% 5 Year 6.7% 10 Year 15 Year Since launch 7.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 3.2% 2021 3.3% 2020 10.5% 2019 10.4% 2018 6.3% 2017 5.9% 2016 8.9% 2015 8.3% 2014 10.4% 2013 8.1% Fund Manager information for IDFC All Seasons Bond Fund
Name Since Tenure Harshal Joshi 15 Jul 16 6.63 Yr. Data below for IDFC All Seasons Bond Fund as on 28 Feb 23
Asset Allocation
Asset Class Value Cash 31.2% Debt 68.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity IDFC Bond S/T Dir Gr
Investment Fund | -56% ₹72 Cr 14,206,045 IDFC Banking & PSU Debt Dir Gr
Investment Fund | -35% ₹44 Cr 20,898,868
↓ -473,492 IDFC Corporate Bond Dir Gr
Investment Fund | -9% ₹11 Cr 6,664,274 Triparty Repo
CBLO/Reverse Repo | -1% ₹1 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr Cash Margin - Ccil
CBLO | -0% ₹0 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.