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7 Best Fund of Funds in India 2024 - Fincash.com

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7 Best Fund of Funds in India 2024

Updated on July 15, 2024 , 40020 views

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.

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.

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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 2024

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
ICICI Prudential Nifty Next 50 Index Fund Growth ₹64.9914
↓ -0.39
₹5,28419.134.966.923.621.926.3
IDBI Nifty Junior Index Fund Growth ₹54.8062
↓ -0.33
₹8418.934.56623.421.625.7
Principal Nifty 100 Equal Weight Fund Growth ₹178.66
↓ -0.05
₹791422.648.220.620.529
ICICI Prudential Advisor Series - Passive Strategy Fund Growth ₹156.225
↑ 0.12
₹16712.41536.619.718.829.3
Aditya Birla Sun Life Financial Planning FOF Aggressive Plan Growth ₹51.5335
↑ 0.03
₹20212.816.43517.217.924.5
Kotak Asset Allocator Fund - FOF Growth ₹220.069
↑ 0.15
₹1,4549.917.231.720.221.723.4
PGIM India Global Agribusiness Offshore Fund Growth ₹42.75
↓ -0.26
₹1,35010.521.829.95.417.439.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Jul 24
*List of Funds based on Assets >= 50 Crore & Sorted based on 1 year Return.

1. ICICI Prudential Nifty Next 50 Index Fund

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 CAGR/Annualized return of 14.2% since its launch.  Ranked 5 in Index Fund category.  Return for 2023 was 26.3% , 2022 was 0.1% and 2021 was 29.5% .

Below is the key information for ICICI Prudential Nifty Next 50 Index Fund

ICICI Prudential Nifty Next 50 Index Fund
Growth
Launch Date 25 Jun 10
NAV (16 Jul 24) ₹64.9914 ↓ -0.39   (-0.60 %)
Net Assets (Cr) ₹5,284 on 31 May 24
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.7
Sharpe Ratio 3.06
Information Ratio -12.43
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.

DateValue
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

ICICI Prudential Nifty Next 50 Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for ICICI Prudential Nifty Next 50 Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 2.8%
3 Month 19.1%
6 Month 34.9%
1 Year 66.9%
3 Year 23.6%
5 Year 21.9%
10 Year
15 Year
Since launch 14.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Nishit Patel18 Jan 213.37 Yr.
Priya Sridhar1 Feb 240.33 Yr.
Ajaykumar Solanki1 Feb 240.33 Yr.

Data below for ICICI Prudential Nifty Next 50 Index Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Equity100.22%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
5%₹278 Cr9,393,460
↑ 331,849
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 500251
5%₹264 Cr577,992
↑ 20,401
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
5%₹244 Cr491,074
↑ 17,336
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 500400
4%₹194 Cr4,441,370
↑ 156,895
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532810
4%₹188 Cr3,808,055
↑ 134,517
REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532955
3%₹175 Cr3,245,707
↑ 114,656
Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | 500550
3%₹163 Cr233,463
↑ 8,232
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
3%₹158 Cr3,509,477
↑ 123,969
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO
3%₹157 Cr374,505
↑ 13,211
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC
3%₹156 Cr9,628,784
↑ 340,162

2. IDBI Nifty Junior Index Fund

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 CAGR/Annualized return of 13.1% since its launch.  Ranked 8 in Index Fund category.  Return for 2023 was 25.7% , 2022 was 0.4% and 2021 was 29.6% .

Below is the key information for IDBI Nifty Junior Index Fund

IDBI Nifty Junior Index Fund
Growth
Launch Date 20 Sep 10
NAV (16 Jul 24) ₹54.8062 ↓ -0.33   (-0.59 %)
Net Assets (Cr) ₹84 on 31 May 24
Category Others - Index Fund
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 0.73
Sharpe Ratio 3.03
Information Ratio -7.27
Alpha Ratio -1.05
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
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

IDBI Nifty Junior Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for IDBI Nifty Junior Index Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 2.8%
3 Month 18.9%
6 Month 34.5%
1 Year 66%
3 Year 23.4%
5 Year 21.6%
10 Year
15 Year
Since launch 13.1%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sumit Bhatnagar3 Oct 230.66 Yr.

Data below for IDBI Nifty Junior Index Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash0.63%
Equity99.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL
5%₹4 Cr148,128
↑ 1,181
Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 500251
5%₹4 Cr9,136
↑ 26
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL
5%₹4 Cr7,780
↑ 115
Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 500400
4%₹3 Cr70,433
↑ 1,106
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532810
4%₹3 Cr59,970
↑ 288
REC Ltd (Financial Services)
Equity, Since 31 Mar 24 | 532955
3%₹3 Cr51,223
↑ 548
Siemens Ltd (Industrials)
Equity, Since 30 Apr 13 | 500550
3%₹3 Cr3,684
↓ -03
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
3%₹3 Cr55,642
↑ 780
InterGlobe Aviation Ltd (Industrials)
Equity, Since 30 Sep 16 | INDIGO
3%₹2 Cr5,900
↑ 77
Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC
3%₹2 Cr152,088
↑ 1,553

3. Principal Nifty 100 Equal Weight Fund

(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 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% .

Below is the key information for Principal Nifty 100 Equal Weight Fund

Principal Nifty 100 Equal Weight Fund
Growth
Launch Date 27 Jul 99
NAV (16 Jul 24) ₹178.66 ↓ -0.05   (-0.03 %)
Net Assets (Cr) ₹79 on 31 May 24
Category Others - Index Fund
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 0.96
Sharpe Ratio 2.65
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.

DateValue
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

Principal Nifty 100 Equal Weight Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644
Invest Now

Returns for Principal Nifty 100 Equal Weight Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.4%
3 Month 14%
6 Month 22.6%
1 Year 48.2%
3 Year 20.6%
5 Year 20.5%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rohit Seksaria1 Jan 222.42 Yr.
Ashish Aggarwal1 Jan 222.42 Yr.

Data below for Principal Nifty 100 Equal Weight Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash3.4%
Equity96.6%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
1%₹1 Cr26,277
↑ 688
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Oct 22 | HAL
1%₹1 Cr2,246
↑ 58
Bharat Electronics Ltd (Industrials)
Equity, Since 31 Oct 22 | BEL
1%₹1 Cr36,173
↑ 948
Adani Power Ltd (Utilities)
Equity, Since 31 Mar 24 | 533096
1%₹1 Cr13,433
↑ 352
Siemens Ltd (Industrials)
Equity, Since 31 May 18 | 500550
1%₹1 Cr1,429
↑ 37
ABB India Ltd (Industrials)
Equity, Since 30 Apr 23 | ABB
1%₹1 Cr1,197
↑ 31
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jan 03 | M&M
1%₹1 Cr3,774
↑ 98
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 31 Oct 22 | MOTHERSON
1%₹1 Cr61,281
↑ 1,606
Havells India Ltd (Industrials)
Equity, Since 31 May 18 | 517354
1%₹1 Cr4,823
↑ 126
Indian Railway Finance Corp Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 24 | 543257
1%₹1 Cr51,023
↑ 1,337

4. ICICI Prudential Advisor Series - Passive Strategy Fund

(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 CAGR/Annualized return of 14.3% since its launch.  Return for 2023 was 29.3% , 2022 was 4.2% and 2021 was 30.3% .

Below is the key information for ICICI Prudential Advisor Series - Passive Strategy Fund

ICICI Prudential Advisor Series - Passive Strategy Fund
Growth
Launch Date 18 Dec 03
NAV (16 Jul 24) ₹156.225 ↑ 0.12   (0.07 %)
Net Assets (Cr) ₹167 on 31 May 24
Category Others - Fund of Fund
AMC ICICI Prudential Asset Management Company Limited
Rating Not Rated
Risk Moderately High
Expense Ratio 0.35
Sharpe Ratio 1.94
Information Ratio 0.06
Alpha Ratio -0.76
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.

DateValue
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

ICICI Prudential Advisor Series - Passive Strategy Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
Invest Now

Returns for ICICI Prudential Advisor Series - Passive Strategy Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 5.5%
3 Month 12.4%
6 Month 15%
1 Year 36.6%
3 Year 19.7%
5 Year 18.8%
10 Year
15 Year
Since launch 14.3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sankaran Naren5 Sep 185.74 Yr.
Dharmesh Kakkad28 May 186.01 Yr.
Sharmila D’mello13 May 240.05 Yr.

Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 31 May 24

Asset Allocation
Asset ClassValue
Cash3.02%
Equity88.35%
Other8.63%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Prudential Nifty Infra ETF
- | -
15%₹25 Cr2,833,142
↑ 283,250
ICICI Pru Nifty Private Banks ETF
- | -
15%₹25 Cr10,263,890
↑ 340,620
ICICI Pru Nifty Bank ETF
- | -
15%₹24 Cr4,909,440
ICICI Pru Nifty Healthcare ETF
- | -
13%₹21 Cr1,754,961
↑ 100,000
ICICI Pru Nifty IT ETF
- | -
12%₹20 Cr5,776,490
ICICI Pru Nifty India Consumption ETF
- | -
10%₹16 Cr1,500,530
Icici Prudential A
Investment Fund | -
9%₹14 Cr2,563,800
↑ 2,563,800
CPSE ETF
- | -
6%₹10 Cr1,108,800
ICICI Pru Nifty Financial Svcs Ex-Bk ETF
- | -
3%₹6 Cr2,534,345
Treps
CBLO/Reverse Repo | -
3%₹5 Cr

5. Aditya Birla Sun Life Financial Planning FOF Aggressive Plan

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 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% .

Below is the key information for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan

Aditya Birla Sun Life Financial Planning FOF Aggressive Plan
Growth
Launch Date 9 May 11
NAV (16 Jul 24) ₹51.5335 ↑ 0.03   (0.05 %)
Net Assets (Cr) ₹202 on 30 Apr 24
Category Others - Fund of Fund
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 1.07
Sharpe Ratio 2.97
Information Ratio 0.82
Alpha Ratio 7.08
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.

DateValue
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

Aditya Birla Sun Life Financial Planning FOF Aggressive Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.6%
3 Month 12.8%
6 Month 16.4%
1 Year 35%
3 Year 17.2%
5 Year 17.9%
10 Year
15 Year
Since launch 13.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vinod Bhat16 Aug 194.79 Yr.
Dhaval Joshi21 Nov 221.53 Yr.

Data below for Aditya Birla Sun Life Financial Planning FOF Aggressive Plan as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash6.18%
Equity77.38%
Debt12.82%
Other3.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Kotak Multicap Dir Gr
Investment Fund | -
12%₹24 Cr13,424,109
Aditya BSL Flexi Cap Dir Gr
Investment Fund | -
12%₹24 Cr138,615
ICICI Pru Bluechip Dir Gr
Investment Fund | -
11%₹23 Cr2,171,283
Nippon India Growth Dir Gr
Investment Fund | -
11%₹23 Cr59,676
↑ 5,079
HDFC Large and Mid Cap Dir Gr
Investment Fund | -
11%₹23 Cr710,538
Aditya BSL Frontline Equity Dir Gr
Investment Fund | -
10%₹20 Cr383,425
↓ -19,810
Nippon India Small Cap Dir Gr
Investment Fund | -
7%₹15 Cr842,450
HDFC Low Duration Dir Gr
Investment Fund | -
5%₹11 Cr1,914,213
ICICI Pru Savings Dir Gr
Investment Fund | -
5%₹10 Cr202,936
Aditya BSL Short Term Dir Gr
Investment Fund | -
5%₹9 Cr1,965,153
↑ 171,573

6. Kotak Asset Allocator Fund - FOF

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 CAGR/Annualized return of 16.8% since its launch.  Ranked 17 in Fund of Fund category.  Return for 2023 was 23.4% , 2022 was 11.3% and 2021 was 25% .

Below is the key information for Kotak Asset Allocator Fund - FOF

Kotak Asset Allocator Fund - FOF
Growth
Launch Date 9 Aug 04
NAV (16 Jul 24) ₹220.069 ↑ 0.15   (0.07 %)
Net Assets (Cr) ₹1,454 on 31 May 24
Category Others - Fund of Fund
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.76
Sharpe Ratio 3.06
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.

DateValue
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

Kotak Asset Allocator Fund - FOF SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for Kotak Asset Allocator Fund - FOF

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 2.5%
3 Month 9.9%
6 Month 17.2%
1 Year 31.7%
3 Year 20.2%
5 Year 21.7%
10 Year
15 Year
Since launch 16.8%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Abhishek Bisen15 Nov 212.55 Yr.
Devender Singhal9 May 195.07 Yr.
Arjun Khanna9 May 195.07 Yr.

Data below for Kotak Asset Allocator Fund - FOF as on 31 May 24

Asset Allocation
Asset ClassValue
Cash5.81%
Equity56.45%
Debt23.93%
Other13.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Kotak Gold ETF
- | -
14%₹204 Cr33,110,000
Kotak Gilt-Investment Growth - Direct
Investment Fund | -
13%₹192 Cr19,261,359
Kotak Bond Dir Gr
Investment Fund | -
11%₹167 Cr21,279,938
Kotak Nifty PSU Bank ETF
- | -
10%₹150 Cr2,020,000
Kotak Infra & Econ Reform Dir Gr
Investment Fund | -
10%₹139 Cr18,399,092
iShares NASDAQ 100 ETF USD Acc
- | -
9%₹134 Cr15,440
Kotak Consumption Dir Gr
Investment Fund | -
9%₹131 Cr113,983,817
↑ 26,904,484
Kotak Quant Dir Gr
Investment Fund | -
7%₹102 Cr70,592,506
Kotak Manufacture in India Dir Gr
Investment Fund | -
5%₹74 Cr41,081,682
Kotak India EQ Contra Dir Gr
Investment Fund | -
5%₹71 Cr4,460,689

7. PGIM India Global Agribusiness Offshore Fund

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 CAGR/Annualized return of 10.8% since its launch.  Ranked 33 in Fund of Fund category.  Return for 2023 was 39.5% , 2022 was -33.8% and 2021 was 7% .

Below is the key information for PGIM India Global Agribusiness Offshore Fund

PGIM India Global Agribusiness Offshore Fund
Growth
Launch Date 14 May 10
NAV (16 Jul 24) ₹42.75 ↓ -0.26   (-0.60 %)
Net Assets (Cr) ₹1,350 on 30 Apr 24
Category Others - Fund of Fund
AMC Pramerica Asset Managers Private Limited
Rating
Risk High
Expense Ratio 1.61
Sharpe Ratio 1.17
Information Ratio -0.46
Alpha Ratio 8.41
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹13,941
30 Jun 21₹19,739
30 Jun 22₹13,157
30 Jun 23₹17,189
30 Jun 24₹22,357

PGIM India Global Agribusiness Offshore Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for PGIM India Global Agribusiness Offshore Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 2%
3 Month 10.5%
6 Month 21.8%
1 Year 29.9%
3 Year 5.4%
5 Year 17.4%
10 Year
15 Year
Since launch 10.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 39.5%
2022 -33.8%
2021 7%
2020 72.4%
2019 30.9%
2018 0.3%
2017 11.9%
2016 0.8%
2015 -14.7%
2014 0.9%
Fund Manager information for PGIM India Global Agribusiness Offshore Fund
NameSinceTenure
Chetan Gindodia29 Mar 240.18 Yr.

Data below for PGIM India Global Agribusiness Offshore Fund as on 30 Apr 24

Asset Allocation
Asset ClassValue
Cash3.49%
Equity96.51%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PGIM Jennison Global Eq Opps USD I Acc
Investment Fund | -
99%₹1,361 Cr552,041
↓ -16,710
Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -
2%₹21 Cr
Net Receivables / (Payables)
Net Current Assets | -
0%-₹1 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.

Why-choose-funds-of-funds

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?

  1. Open Free Investment Account for Lifetime at Fincash.com.

  2. Complete your Registration and KYC Process

  3. Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

    Get Started

FAQs

1. What is the most significant advantage of FOFs?

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.

2. What are the different types of FOFs?

A: There are five different types of FOFs, and these are as follows:

  • Asset Allocation funds
  • Gold funds
  • International FOFs
  • ETF FOFs
  • Multi-manager FOFs

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.

3. What are the parameters to consider while investing in FOFs?

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.

4. Which FOF has shown the best returns?

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.

5. Is there any commonest FOFs?

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.

6. What is one of the most critical limitations of FOF?

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.

7. Do FOFs have a long lock-in period?

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.

Disclaimer:
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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