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7 Best Fund of Funds in India 2021 - Fincash.com

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7 Best Fund of Funds in India 2021

Updated on October 13, 2021 , 25529 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 2021

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2020 (%)
ICICI Prudential Advisor Series - Passive Strategy Fund Growth ₹103.781
↑ 1.06
₹8814.427.7631914.710.7
ICICI Prudential Nifty Next 50 Index Fund Growth ₹39.1301
↑ 0.33
₹1,53514.630.66218.713.914.3
IDBI Nifty Junior Index Fund Growth ₹33.169
↑ 0.28
₹5614.630.66218.613.313.7
UTI Nifty Index Fund Growth ₹121.911
↑ 1.18
₹4,85415.827.154.621.517.415.5
ICICI Prudential Nifty Index Fund Growth ₹179.117
↑ 1.73
₹2,06015.8275421.116.815.2
SBI Nifty Index Fund Growth ₹157.9
↑ 1.53
₹1,43015.826.953.920.816.714.6
Aditya Birla Sun Life Index Fund Growth ₹181.16
↑ 1.76
₹28215.726.953.720.816.515.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Oct 21
*List of Funds based on Assets >= 50 Crore & Sorted based on 1 year Return.

1. 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% since its launch.  Return for 2020 was 10.7% , 2019 was 6.7% and 2018 was 4% .

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 (14 Oct 21) ₹103.781 ↑ 1.06   (1.03 %)
Net Assets (Cr) ₹88 on 31 Aug 21
Category Others - Fund of Fund
AMC ICICI Prudential Asset Management Company Limited
Rating Not Rated
Risk Moderately High
Expense Ratio 0.4
Sharpe Ratio 2.78
Information Ratio -0.47
Alpha Ratio -0.11
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 Sep 16₹10,000
30 Sep 17₹11,388
30 Sep 18₹12,276
30 Sep 19₹12,553
30 Sep 20₹11,911
30 Sep 21₹19,062

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 ₹436,710.
Net Profit of ₹136,710
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 14 Oct 21

DurationReturns
1 Month 5.5%
3 Month 14.4%
6 Month 27.7%
1 Year 63%
3 Year 19%
5 Year 14.7%
10 Year
15 Year
Since launch 14%
Historical performance (Yearly) on absolute basis
YearReturns
2020 10.7%
2019 6.7%
2018 4%
2017 19.2%
2016 11.2%
2015 1.2%
2014 29.6%
2013 0.3%
2012 21.2%
2011 -5.4%
Fund Manager information for ICICI Prudential Advisor Series - Passive Strategy Fund
NameSinceTenure
Sankaran Naren5 Sep 182.99 Yr.
Dharmesh Kakkad28 May 183.26 Yr.

Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 31 Aug 21

Asset Allocation
Asset ClassValue
Cash1.71%
Equity98.29%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru S&P BSE 500 ETF
- | ICICI500
43%₹38 Cr1,577,808
↓ -37,346
ICICI Pru Nifty ETF
- | ICICINIFTY
42%₹37 Cr2,020,722
ICICI Pru Private Banks ETF
- | ICICIBANKP
6%₹5 Cr262,387
BHARAT 22 ETF
- | 540787
5%₹4 Cr1,038,842
ICICI Pru Healthcare ETF
- | 543292
3%₹3 Cr309,136
↑ 95,078
Treps
CBLO/Reverse Repo | -
2%₹2 Cr
Net Current Assets
Net Current Assets | -
0%₹0 Cr

2. 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 12.8% since its launch.  Ranked 5 in Index Fund category.  Return for 2020 was 14.3% , 2019 was 0.6% and 2018 was -8.8% .

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 (14 Oct 21) ₹39.1301 ↑ 0.33   (0.86 %)
Net Assets (Cr) ₹1,535 on 31 Aug 21
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.83
Sharpe Ratio 2.92
Information Ratio -5.45
Alpha Ratio -1.27
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 Sep 16₹10,000
30 Sep 17₹12,166
30 Sep 18₹12,061
30 Sep 19₹12,171
30 Sep 20₹11,897
30 Sep 21₹18,561

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 ₹426,080.
Net Profit of ₹126,080
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 14 Oct 21

DurationReturns
1 Month 3.5%
3 Month 14.6%
6 Month 30.6%
1 Year 62%
3 Year 18.7%
5 Year 13.9%
10 Year
15 Year
Since launch 12.8%
Historical performance (Yearly) on absolute basis
YearReturns
2020 14.3%
2019 0.6%
2018 -8.8%
2017 45.7%
2016 7.6%
2015 6.2%
2014 43.6%
2013 5.4%
2012 44.9%
2011 -30.8%
Fund Manager information for ICICI Prudential Nifty Next 50 Index Fund
NameSinceTenure
Kayzad Eghlim25 Jun 1011.19 Yr.
Nishit Patel18 Jan 210.62 Yr.

Data below for ICICI Prudential Nifty Next 50 Index Fund as on 31 Aug 21

Asset Allocation
Asset ClassValue
Cash0.2%
Equity99.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 31 Mar 21 | APOLLOHOSP
4%₹64 Cr129,669
↑ 3,952
Info Edge (India) Ltd (Communication Services)
Equity, Since 30 Jun 20 | NAUKRI
4%₹62 Cr99,549
↑ 3,034
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Sep 17 | 540376
4%₹58 Cr146,729
↑ 3,857
Adani Enterprises Ltd (Energy)
Equity, Since 31 Mar 21 | 512599
4%₹56 Cr354,229
↑ 10,999
Godrej Consumer Products Ltd (Consumer Defensive)
Equity, Since 30 Sep 12 | 532424
3%₹54 Cr487,401
↑ 14,860
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
3%₹49 Cr1,628,253
↑ 49,638
Dabur India Ltd (Consumer Defensive)
Equity, Since 31 Oct 11 | 500096
3%₹47 Cr751,601
↑ 22,914
Adani Green Energy Ltd (Utilities)
Equity, Since 30 Sep 20 | 541450
3%₹46 Cr431,286
↑ 12,687
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 18 | 540716
3%₹45 Cr281,156
↑ 8,571
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Apr 16 | PIDILITIND
3%₹45 Cr196,401
↑ 5,988

3. 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 11.4% since its launch.  Ranked 8 in Index Fund category.  Return for 2020 was 13.7% , 2019 was 0.5% and 2018 was -9.3% .

Below is the key information for IDBI Nifty Junior Index Fund

IDBI Nifty Junior Index Fund
Growth
Launch Date 20 Sep 10
NAV (14 Oct 21) ₹33.169 ↑ 0.28   (0.85 %)
Net Assets (Cr) ₹56 on 31 Aug 21
Category Others - Index Fund
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 1.04
Sharpe Ratio 2.83
Information Ratio -2.5
Alpha Ratio -2.41
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,015
30 Sep 18₹11,764
30 Sep 19₹11,889
30 Sep 20₹11,579
30 Sep 21₹18,041

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 ₹426,080.
Net Profit of ₹126,080
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 14 Oct 21

DurationReturns
1 Month 3.6%
3 Month 14.6%
6 Month 30.6%
1 Year 62%
3 Year 18.6%
5 Year 13.3%
10 Year
15 Year
Since launch 11.4%
Historical performance (Yearly) on absolute basis
YearReturns
2020 13.7%
2019 0.5%
2018 -9.3%
2017 43.6%
2016 6.9%
2015 5.8%
2014 42.8%
2013 4.8%
2012 47.6%
2011 -32%
Fund Manager information for IDBI Nifty Junior Index Fund
NameSinceTenure
Firdaus Ragina9 Oct 182.9 Yr.

Data below for IDBI Nifty Junior Index Fund as on 31 Aug 21

Asset Allocation
Asset ClassValue
Cash0.77%
Equity99.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 31 Mar 21 | APOLLOHOSP
4%₹2 Cr4,717
↓ -28
Info Edge (India) Ltd (Communication Services)
Equity, Since 30 Jun 20 | NAUKRI
4%₹2 Cr3,621
↓ -22
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Oct 17 | 540376
4%₹2 Cr5,338
↓ -31
Adani Enterprises Ltd (Energy)
Equity, Since 31 Mar 21 | 512599
4%₹2 Cr12,886
↓ -75
Godrej Consumer Products Ltd (Consumer Defensive)
Equity, Since 31 Oct 12 | 532424
3%₹2 Cr17,732
↓ -101
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 21 | 500295
3%₹2 Cr59,223
↓ -356
Dabur India Ltd (Consumer Defensive)
Equity, Since 31 Oct 11 | 500096
3%₹2 Cr27,343
↓ -157
Adani Green Energy Ltd (Utilities)
Equity, Since 30 Sep 20 | 541450
3%₹2 Cr15,692
↓ -86
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 18 | 540716
3%₹2 Cr10,228
↓ -58
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Apr 16 | PIDILITIND
3%₹2 Cr7,145
↓ -41

4. UTI Nifty Index Fund

The principal investment objective of the scheme is to invest in stocks of companies comprising Nifty 50 Index and endeavour to achieve return equivalent to Nifty 50 by “passive” investment. The scheme will be managed by replicating the index in the same weightage as in the Nifty 50 Index with the intention of minimising the performance differences between the scheme and the Nifty 50 Index in capital terms, subject to market liquidity, costs of trading, management expenses and other factors which may cause tracking error. The scheme would alter the scrips/weights as and when the same are altered in the Nifty 50 Index.

UTI Nifty Index Fund is a Others - Index Fund fund was launched on 6 Mar 00. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.3% since its launch.  Ranked 68 in Index Fund category.  Return for 2020 was 15.5% , 2019 was 13.2% and 2018 was 4.3% .

Below is the key information for UTI Nifty Index Fund

UTI Nifty Index Fund
Growth
Launch Date 6 Mar 00
NAV (14 Oct 21) ₹121.911 ↑ 1.18   (0.98 %)
Net Assets (Cr) ₹4,854 on 31 Aug 21
Category Others - Index Fund
AMC UTI Asset Management Company Ltd
Rating
Risk Moderately High
Expense Ratio 0.15
Sharpe Ratio 2.57
Information Ratio -2.97
Alpha Ratio -0.26
Min Investment 5,000
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,464
30 Sep 18₹12,924
30 Sep 19₹13,712
30 Sep 20₹13,505
30 Sep 21₹21,351

UTI Nifty 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 ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for UTI Nifty 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 14 Oct 21

DurationReturns
1 Month 5.5%
3 Month 15.8%
6 Month 27.1%
1 Year 54.6%
3 Year 21.5%
5 Year 17.4%
10 Year
15 Year
Since launch 12.3%
Historical performance (Yearly) on absolute basis
YearReturns
2020 15.5%
2019 13.2%
2018 4.3%
2017 29.7%
2016 4%
2015 -3.3%
2014 31.8%
2013 6.9%
2012 28.3%
2011 -24.8%
Fund Manager information for UTI Nifty Index Fund
NameSinceTenure
Sharwan Kumar Goyal1 May 192.34 Yr.

Data below for UTI Nifty Index Fund as on 31 Aug 21

Asset Allocation
Asset ClassValue
Cash0.03%
Equity99.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
10%₹477 Cr2,112,318
↑ 55,644
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
9%₹451 Cr2,851,176
↑ 75,108
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
9%₹413 Cr2,422,125
↑ 63,806
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC
7%₹330 Cr1,177,898
↑ 31,029
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
7%₹325 Cr4,524,131
↑ 119,178
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
5%₹256 Cr676,685
↑ 17,826
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | KOTAKBANK
3%₹168 Cr958,426
↑ 25,248
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | 500696
3%₹159 Cr583,329
↑ 15,367
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 532215
3%₹132 Cr1,682,136
↑ 44,312
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
3%₹132 Cr789,206
↑ 20,789

5. ICICI Prudential Nifty Index Fund

(Erstwhile ICICI Prudential Nifty Index Fund)

An open-ended index linked growth scheme seeking to track the returns of the S&P CNX Nifty index through investment in a basket of stocks drawn from the constituents of the Nifty.

ICICI Prudential Nifty Index Fund is a Others - Index Fund fund was launched on 26 Feb 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.8% since its launch.  Ranked 71 in Index Fund category.  Return for 2020 was 15.2% , 2019 was 12.8% and 2018 was 3.4% .

Below is the key information for ICICI Prudential Nifty Index Fund

ICICI Prudential Nifty Index Fund
Growth
Launch Date 26 Feb 02
NAV (14 Oct 21) ₹179.117 ↑ 1.73   (0.98 %)
Net Assets (Cr) ₹2,060 on 31 Aug 21
Category Others - Index Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 0.45
Sharpe Ratio 2.55
Information Ratio -6.41
Alpha Ratio -0.63
Min Investment 5,000
Min SIP Investment 100
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,394
30 Sep 18₹12,740
30 Sep 19₹13,452
30 Sep 20₹13,221
30 Sep 21₹20,822

ICICI Prudential Nifty 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 ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for ICICI Prudential Nifty 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 14 Oct 21

DurationReturns
1 Month 5.5%
3 Month 15.8%
6 Month 27%
1 Year 54%
3 Year 21.1%
5 Year 16.8%
10 Year
15 Year
Since launch 15.8%
Historical performance (Yearly) on absolute basis
YearReturns
2020 15.2%
2019 12.8%
2018 3.4%
2017 28.7%
2016 3.6%
2015 -3.6%
2014 32.5%
2013 7.9%
2012 26.5%
2011 -23.6%
Fund Manager information for ICICI Prudential Nifty Index Fund
NameSinceTenure
Kayzad Eghlim1 Aug 0912.09 Yr.
Nishit Patel18 Jan 210.62 Yr.

Data below for ICICI Prudential Nifty Index Fund as on 31 Aug 21

Asset Allocation
Asset ClassValue
Cash0.03%
Equity99.97%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 05 | RELIANCE
10%₹202 Cr896,391
↑ 14,132
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | HDFCBANK
9%₹191 Cr1,209,936
↑ 19,075
Infosys Ltd (Technology)
Equity, Since 31 Mar 05 | INFY
9%₹175 Cr1,027,862
↑ 16,205
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 12 | HDFC
7%₹140 Cr499,857
↑ 7,881
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 05 | ICICIBANK
7%₹138 Cr1,919,877
↑ 30,265
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 05 | TCS
5%₹109 Cr287,160
↑ 4,527
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 12 | KOTAKBANK
3%₹71 Cr406,721
↑ 6,412
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Mar 05 | 500696
3%₹67 Cr247,543
↑ 3,901
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 532215
3%₹56 Cr713,837
↑ 11,254
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 12 | LT
3%₹56 Cr334,910
↑ 5,279

6. SBI Nifty Index Fund

The scheme will adopt a passive investment strategy. The scheme will invest in stocks comprising the Nifty 50 Index in the same proportion as in the index with the objective of achieving returns equivalent to the Total Returns Index of Nifty 50 Index by minimizing the performance difference between the benchmark index and the scheme. The Total Returns Index is an index that reflects the returns on the index from index gain/loss plus dividend payments by the constituent stocks.

SBI Nifty Index Fund is a Others - Index Fund fund was launched on 17 Jan 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.2% since its launch.  Ranked 75 in Index Fund category.  Return for 2020 was 14.6% , 2019 was 12.5% and 2018 was 3.8% .

Below is the key information for SBI Nifty Index Fund

SBI Nifty Index Fund
Growth
Launch Date 17 Jan 02
NAV (14 Oct 21) ₹157.9 ↑ 1.53   (0.98 %)
Net Assets (Cr) ₹1,430 on 31 Aug 21
Category Others - Index Fund
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 0.52
Sharpe Ratio 2.53
Information Ratio -4.97
Alpha Ratio -0.82
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-15 Days (0.2%),15 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,402
30 Sep 18₹12,808
30 Sep 19₹13,512
30 Sep 20₹13,193
30 Sep 21₹20,762

SBI Nifty 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 ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for SBI Nifty 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 14 Oct 21

DurationReturns
1 Month 5.5%
3 Month 15.8%
6 Month 26.9%
1 Year 53.9%
3 Year 20.8%
5 Year 16.7%
10 Year
15 Year
Since launch 15.2%
Historical performance (Yearly) on absolute basis
YearReturns
2020 14.6%
2019 12.5%
2018 3.8%
2017 29.1%
2016 3.4%
2015 -4.2%
2014 30.5%
2013 6.2%
2012 28.4%
2011 -24.6%
Fund Manager information for SBI Nifty Index Fund
NameSinceTenure
Raviprakash Sharma1 Feb 1110.59 Yr.

Data below for SBI Nifty Index Fund as on 31 Aug 21

Asset Allocation
Asset ClassValue
Equity100.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE
10%₹141 Cr622,651
↑ 20,166
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 03 | HDFCBANK
9%₹133 Cr840,445
↑ 27,194
Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY
9%₹122 Cr713,973
↑ 23,101
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 03 | HDFC
7%₹97 Cr347,211
↑ 11,234
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK
7%₹96 Cr1,333,584
↑ 43,145
Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS
5%₹76 Cr199,468
↑ 6,463
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Mar 12 | KOTAKBANK
3%₹50 Cr282,516
↑ 9,138
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | 500696
3%₹47 Cr171,948
↑ 5,563
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 532215
3%₹39 Cr495,846
↑ 16,058
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT
3%₹39 Cr232,635
↑ 7,525

7. Aditya Birla Sun Life Index Fund

An Open-ended index-linked growth scheme with the objective to generate returns commensurate with the performance of Nifty subject to tracking errors.

Aditya Birla Sun Life Index Fund is a Others - Index Fund fund was launched on 18 Sep 02. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.4% since its launch.  Ranked 77 in Index Fund category.  Return for 2020 was 15.2% , 2019 was 12.4% and 2018 was 3.2% .

Below is the key information for Aditya Birla Sun Life Index Fund

Aditya Birla Sun Life Index Fund
Growth
Launch Date 18 Sep 02
NAV (14 Oct 21) ₹181.16 ↑ 1.76   (0.98 %)
Net Assets (Cr) ₹282 on 31 Aug 21
Category Others - Index Fund
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.58
Sharpe Ratio 2.53
Information Ratio -2.45
Alpha Ratio -0.95
Min Investment 1,000
Min SIP Investment 1,000
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,354
30 Sep 18₹12,650
30 Sep 19₹13,330
30 Sep 20₹13,094
30 Sep 21₹20,570

Aditya Birla Sun Life 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 ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for Aditya Birla Sun Life 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 14 Oct 21

DurationReturns
1 Month 5.5%
3 Month 15.7%
6 Month 26.9%
1 Year 53.7%
3 Year 20.8%
5 Year 16.5%
10 Year
15 Year
Since launch 16.4%
Historical performance (Yearly) on absolute basis
YearReturns
2020 15.2%
2019 12.4%
2018 3.2%
2017 28.5%
2016 3.1%
2015 -3.8%
2014 30.7%
2013 7.2%
2012 27%
2011 -25.4%
Fund Manager information for Aditya Birla Sun Life Index Fund
NameSinceTenure
Lovelish Solanki5 Aug 210.07 Yr.
Kedarnath Mirajkar7 May 210.32 Yr.

Data below for Aditya Birla Sun Life Index Fund as on 31 Aug 21

Asset Allocation
Asset ClassValue
Cash0.06%
Equity99.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Sep 07 | RELIANCE
10%₹28 Cr122,828
↑ 2,102
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 07 | HDFCBANK
9%₹26 Cr165,794
↑ 2,841
Infosys Ltd (Technology)
Equity, Since 30 Sep 07 | INFY
9%₹24 Cr140,842
↑ 2,411
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 12 | HDFC
7%₹19 Cr68,493
↑ 1,172
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹19 Cr263,072
↑ 4,506
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Sep 07 | TCS
5%₹15 Cr39,349
↑ 675
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 10 | KOTAKBANK
3%₹10 Cr55,732
↑ 955
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Sep 07 | 500696
3%₹9 Cr33,921
↑ 583
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 532215
3%₹8 Cr97,816
↑ 1,676
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 07 | LT
3%₹8 Cr45,891
↑ 786

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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