Table of Contents
Top 7 Funds
fund of funds is one of the Top Mutual Funds for investors whose investment amounts are not too large and it is easier to manage one fund (a fund of funds) rather than a number of Mutual Funds. In this form of mutual fund investment strategy, investors get to hold a number of funds under the umbrella of a single fund, hence the name funds of funds.
Often going by the name of multi-manager investment; it is considered as one of the mutual fund categories. One of the key advantages of multi-manager investments is that at a lower ticket size, the investor can diversify themselves across a gamut of mutual fund schemes. So let us go through the numerous aspects of fund of funds like why to invest in a fund of funds, advantages of fund of funds, fund of funds in India, the performance of fund of funds, and other important aspects.
In simple words, a Mutual Fund Investing its collected pool of money in another mutual fund (one or maybe more) is referred to as fund of funds. Investors in their portfolios take exposure to different funds and keep track of them separately. However, by Investing in multi-manager mutual funds this process gets more simplified as investors need to track only one fund, which in turn holds numerous mutual funds within it. Assume an individual has invested in 10 different funds having exposure in various financial assets like stocks, Bonds, government securities, gold, etc. However, he finds it difficult in managing those funds as he needs to keep a track of each fund separately. Therefore, to avoid such hassles, the investor invests money in a multi-management investment (or a single funds of funds strategy) which has its stakes in different Mutual Funds.
These funds consist of a diverse asset pool – with securities comprising of equity, debt instruments, precious metals, etc. This allows Asset Allocation funds to generate high returns through the best performing instrument, at a reduced risk level guaranteed by the relatively stable securities present in the portfolio.
Investing in different Mutual Funds, primarily trading in gold securities are gold funds. Fund of funds belonging to this category can have a portfolio of Mutual Funds or the gold trading companies themselves, depending upon the concerned asset management company.
Mutual Funds operating in foreign countries are targeted by the international fund of funds. This allows investors to potentially yield higher returns through the best-performing stocks and bonds of the respective country.
This is the most common type of fund of funds Mutual Funds available in the Market. The asset base of such a fund comprises of various professionally managed Mutual Funds, all of which have a different portfolio concentration. A multi-manager fund of funds usually has multiple portfolio managers, each dealing with a specific asset present in the Mutual Fund.
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Fund of funds comprising Exchange Traded Fund in their portfolio is a popular investment tool in the country. Investing in an ETF through fund of funds is more accessible than a direct investment in this instrument. This is because ETFs require the a Demat Trading Account while investing in ETF fund of funds have no such limitations.
However, ETFs have a slightly higher risk Factor associated with them as they are traded like shares in the stock market, making these fund of funds more susceptible to the volatility of the market.
The main aim of the top fund of funds is to maximise returns by investing in a varied portfolio posing minimal risk. Individuals with access to a small pool of financial resources which they can spare for a more extended period of time can choose such a Mutual Fund. Since the portfolio of such funds consists of varying Types of Mutual Funds, it ensures access to high-value funds as well.
Ideally, investors with relatively fewer resources and low liquidity needs can choose to invest in the top fund of funds available in the market. This enables them to earn maximum returns at minimal risk.
There are various benefits of investing in a fund of funds Mutual Fund –
Fund of funds target various Best Performing Mutual Funds in the market, each specialising in a particular asset or sector of fund. This ensures gains through diversification, as both returns and risks are optimised due to underlying portfolio variety.
Fund of funds is managed by highly trained people with years of experience. Proper analysis and calculated market predictions made by such portfolio managers ensure high yields through intricate investment strategies.
An individual with limited financial resources can easily invest in the top fund of funds available to earn higher profits. Monthly investment schemes can also be availed while choosing a fund of funds to invest in.
Expense ratios to manage a fund of funds Mutual Funds are higher than standard Mutual Funds, as it has a higher managing expense. Added expenses include primarily choosing the right asset to invest in, which keeps on fluctuating periodically.
Tax levied on a fund of funds are payable by an investor, only during Redemption of the principal amount. However, during recovery, both short-term and long-term Capital gains are subjected to tax deductions, depending upon the annual Income of the investor and the time period of investment.
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) ICICI Prudential Nifty Next 50 Index Fund Growth ₹51.0592
↓ -0.41 ₹3,885 11.7 26 55.3 18.8 15.6 26.3 IDBI Nifty Junior Index Fund Growth ₹43.1539
↓ -0.34 ₹67 11.6 25.7 54.4 18.7 15.5 25.7 Principal Nifty 100 Equal Weight Fund Growth ₹151.694
↓ -0.91 ₹65 8.3 20.1 48.6 18.5 16.1 29 PGIM India Global Agribusiness Offshore Fund Growth ₹39.96
↓ -0.01 ₹1,361 14.5 23.8 45.7 5.5 17.2 39.5 ICICI Prudential Advisor Series - Passive Strategy Fund Growth ₹137.418
↓ -0.50 ₹145 4.6 13.3 38.7 18.1 15.9 29.3 Kotak Asset Allocator Fund - FOF Growth ₹193.538
↓ -0.61 ₹1,299 6.1 12.2 31.5 19.1 19.4 23.4 UTI Nifty Index Fund Growth ₹149.193
↓ -0.84 ₹15,301 2.7 9.2 30.8 14.8 14.9 20.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Mar 24 Assets >= 50 Crore
& Sorted based on 1 year Return
.
The fund's objective is to invest in companies whose securities are included in Nifty Junior Index and to endeavor to achieve the returns of the above index as closely as possible, though subject to tracking error. The fund intends to track only 90-95% of the Index i.e. it will always keep cash balance between 5-10% of the Net Asset to meet the redemption and other liquidity requirements. However, as and when the liquidity in the Index improves the fund intends to track up to 100% of the Index. The fund will not seek to outperform the CNX Nifty Junior. The objective is that the performance of the NAV of the fund should closely track the performance of the CNX Nifty Junior over the same period subject to tracking error. ICICI Prudential Nifty Next 50 Index Fund is a Others - Index Fund fund was launched on 25 Jun 10. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Nifty Next 50 Index Fund Returns up to 1 year are on The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of CNX Nifty Junior Index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior Index (Total Returns Index) and the scheme. IDBI Nifty Junior Index Fund is a Others - Index Fund fund was launched on 20 Sep 10. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Nifty Junior Index Fund Returns up to 1 year are on (Erstwhile Principal Index Fund - Nifty) The Scheme plans to invest principally in securities that comprise S&P CNX Nifty (NSE) and subject to tracking errors endeavour to attain results commensurate with the Nifty. Principal Nifty 100 Equal Weight Fund is a Others - Index Fund fund was launched on 27 Jul 99. It is a fund with Moderately High risk and has given a Below is the key information for Principal Nifty 100 Equal Weight Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate long-term capital growth by investing predominantly in units of overseas mutual funds, focusing on
agriculture and/or would be direct and indirect beneficiaries of the anticipated growth in the agriculture and/or affiliated/allied sectors. PGIM India Global Agribusiness Offshore Fund is a Others - Fund of Fund fund was launched on 14 May 10. It is a fund with High risk and has given a Below is the key information for PGIM India Global Agribusiness Offshore Fund Returns up to 1 year are on (Erstwhile ICICI Prudential Advisor Series - Long Term Savings Plan) The primary investment objective of this Plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Fund(s) mainly having asset allocation to: • Equity and equity related securities and • A small portion in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized. ICICI Prudential Advisor Series - Passive Strategy Fund is a Others - Fund of Fund fund was launched on 18 Dec 03. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Advisor Series - Passive Strategy Fund Returns up to 1 year are on The 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 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 Below is the key information for UTI Nifty Index Fund Returns up to 1 year are on 1. ICICI Prudential Nifty Next 50 Index Fund
CAGR/Annualized
return of 12.6% since its launch. Ranked 5 in Index Fund
category. Return for 2023 was 26.3% , 2022 was 0.1% and 2021 was 29.5% . ICICI Prudential Nifty Next 50 Index Fund
Growth Launch Date 25 Jun 10 NAV (15 Mar 24) ₹51.0592 ↓ -0.41 (-0.79 %) Net Assets (Cr) ₹3,885 on 31 Jan 24 Category Others - Index Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.7 Sharpe Ratio 1.82 Information Ratio -10.5 Alpha Ratio -0.66 Min Investment 5,000 Min SIP Investment 100 Exit Load 0-7 Days (0.25%),7 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,004 28 Feb 21 ₹12,842 28 Feb 22 ₹14,994 28 Feb 23 ₹13,973 29 Feb 24 ₹22,109 Returns for ICICI Prudential Nifty Next 50 Index Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.2% 3 Month 11.7% 6 Month 26% 1 Year 55.3% 3 Year 18.8% 5 Year 15.6% 10 Year 15 Year Since launch 12.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 26.3% 2022 0.1% 2021 29.5% 2020 14.3% 2019 0.6% 2018 -8.8% 2017 45.7% 2016 7.6% 2015 6.2% 2014 43.6% Fund Manager information for ICICI Prudential Nifty Next 50 Index Fund
Name Since Tenure Nishit Patel 18 Jan 21 3.12 Yr. Priya Sridhar 1 Feb 24 0.08 Yr. Ajaykumar Solanki 1 Feb 24 0.08 Yr. Data below for ICICI Prudential Nifty Next 50 Index Fund as on 31 Jan 24
Asset Allocation
Asset Class Value Cash 0.02% Equity 99.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN4% ₹160 Cr 648,132
↑ 13,755 Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5002514% ₹159 Cr 514,030
↑ 10,908 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL4% ₹155 Cr 8,353,614
↑ 177,287 Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 5004004% ₹154 Cr 3,949,726
↑ 83,825 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL3% ₹131 Cr 436,728
↑ 9,268 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC3% ₹126 Cr 8,562,887
↑ 181,729 DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | 5328683% ₹120 Cr 1,500,989
↑ 31,854 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Sep 21 | CHOLAFIN3% ₹111 Cr 939,948
↑ 19,945 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5323433% ₹109 Cr 542,927
↑ 11,520 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 5321553% ₹109 Cr 6,287,243
↑ 133,432 2. IDBI Nifty Junior Index Fund
CAGR/Annualized
return of 11.5% since its launch. Ranked 8 in Index Fund
category. Return for 2023 was 25.7% , 2022 was 0.4% and 2021 was 29.6% . IDBI Nifty Junior Index Fund
Growth Launch Date 20 Sep 10 NAV (15 Mar 24) ₹43.1539 ↓ -0.34 (-0.79 %) Net Assets (Cr) ₹67 on 31 Jan 24 Category Others - Index Fund AMC IDBI Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 0.73 Sharpe Ratio 1.79 Information Ratio -6.65 Alpha Ratio -1.09 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹9,991 28 Feb 21 ₹12,755 28 Feb 22 ₹14,920 28 Feb 23 ₹13,939 29 Feb 24 ₹21,928 Returns for IDBI Nifty Junior Index Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.2% 3 Month 11.6% 6 Month 25.7% 1 Year 54.4% 3 Year 18.7% 5 Year 15.5% 10 Year 15 Year Since launch 11.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 25.7% 2022 0.4% 2021 29.6% 2020 13.7% 2019 0.5% 2018 -9.3% 2017 43.6% 2016 6.9% 2015 5.8% 2014 42.8% Fund Manager information for IDBI Nifty Junior Index Fund
Name Since Tenure Sumit Bhatnagar 3 Oct 23 0.41 Yr. Data below for IDBI Nifty Junior Index Fund as on 31 Jan 24
Asset Allocation
Asset Class Value Cash 0.24% Equity 99.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity Trent Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5002515% ₹3 Cr 8,901
↑ 112 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Sep 22 | BEL4% ₹3 Cr 144,564
↑ 1,403 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN4% ₹3 Cr 11,101
↑ 18 Tata Power Co Ltd (Utilities)
Equity, Since 31 Aug 22 | 5004004% ₹3 Cr 67,809
↓ -18 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 22 | IOC3% ₹2 Cr 146,756
↑ 359 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 30 Sep 22 | HAL3% ₹2 Cr 7,556
↑ 73 DLF Ltd (Real Estate)
Equity, Since 30 Apr 16 | 5328683% ₹2 Cr 25,693
↓ -56 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5323433% ₹2 Cr 9,357
↑ 72 Bank of Baroda (Financial Services)
Equity, Since 30 Sep 21 | 5321343% ₹2 Cr 74,702
↑ 25 GAIL (India) Ltd (Utilities)
Equity, Since 31 Mar 21 | 5321553% ₹2 Cr 107,527
↓ -350 3. Principal Nifty 100 Equal Weight Fund
CAGR/Annualized
return of since its launch. Ranked 72 in Index Fund
category. Return for 2023 was 29% , 2022 was 1.5% and 2021 was 32.2% . Principal Nifty 100 Equal Weight Fund
Growth Launch Date 27 Jul 99 NAV (15 Mar 24) ₹151.694 ↓ -0.91 (-0.60 %) Net Assets (Cr) ₹65 on 31 Jan 24 Category Others - Index Fund AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆ Risk Moderately High Expense Ratio 0.96 Sharpe Ratio 1.93 Information Ratio 0 Alpha Ratio 0 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-90 Days (1%),90 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹9,711 28 Feb 21 ₹13,145 28 Feb 22 ₹15,486 28 Feb 23 ₹15,152 29 Feb 24 ₹22,604 Returns for Principal Nifty 100 Equal Weight Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.4% 3 Month 8.3% 6 Month 20.1% 1 Year 48.6% 3 Year 18.5% 5 Year 16.1% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2023 29% 2022 1.5% 2021 32.2% 2020 14.1% 2019 2.8% 2018 -3.4% 2017 28.9% 2016 3.4% 2015 -3.9% 2014 31.2% Fund Manager information for Principal Nifty 100 Equal Weight Fund
Name Since Tenure Rohit Seksaria 1 Jan 22 2.16 Yr. Ashish Aggarwal 1 Jan 22 2.16 Yr. Data below for Principal Nifty 100 Equal Weight Fund as on 31 Jan 24
Asset Allocation
Asset Class Value Cash 2.58% Equity 97.42% Debt 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity Adani Green Energy Ltd (Utilities)
Equity, Since 30 Sep 20 | ADANIGREEN1% ₹1 Cr 5,307
↓ -655 Adani Total Gas Ltd (Utilities)
Equity, Since 31 Oct 22 | ATGL1% ₹1 Cr 8,454
↓ -1,043 Indian Oil Corp Ltd (Energy)
Equity, Since 31 Mar 17 | IOC1% ₹1 Cr 58,208
↓ -7,187 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Oct 22 | HAL1% ₹1 Cr 2,752
↓ -339 DLF Ltd (Real Estate)
Equity, Since 31 May 18 | 5328681% ₹1 Cr 10,232
↓ -1,263 Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Dec 11 | HEROMOTOCO1% ₹1 Cr 1,745
↓ -215 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | 5329771% ₹1 Cr 1,049
↓ -129 Tata Power Co Ltd (Utilities)
Equity, Since 31 Oct 22 | 5004001% ₹1 Cr 20,529
↓ -2,534 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 30 Sep 15 | ADANIPORTS1% ₹1 Cr 6,531
↓ -806 Life Insurance Corporation of India (Financial Services)
Equity, Since 31 Oct 22 | 5435261% ₹1 Cr 8,292
↓ -1,023 4. PGIM India Global Agribusiness Offshore Fund
CAGR/Annualized
return of 10.5% since its launch. Ranked 33 in Fund of Fund
category. Return for 2023 was 39.5% , 2022 was -33.8% and 2021 was 7% . PGIM India Global Agribusiness Offshore Fund
Growth Launch Date 14 May 10 NAV (14 Mar 24) ₹39.96 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹1,361 on 31 Jan 24 Category Others - Fund of Fund AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 1.61 Sharpe Ratio 1.5 Information Ratio -0.62 Alpha Ratio 15.48 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.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹11,280 28 Feb 21 ₹18,807 28 Feb 22 ₹16,890 28 Feb 23 ₹14,907 29 Feb 24 ₹21,514 Returns for PGIM India Global Agribusiness Offshore Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 2.5% 3 Month 14.5% 6 Month 23.8% 1 Year 45.7% 3 Year 5.5% 5 Year 17.2% 10 Year 15 Year Since launch 10.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Ojasvi Khicha 1 Apr 23 0.92 Yr. Data below for PGIM India Global Agribusiness Offshore Fund as on 31 Jan 24
Asset Allocation
Asset Class Value Cash 1.95% Equity 98.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity PGIM Jennison Global Eq Opps USD I Acc
Investment Fund | -99% ₹1,348 Cr 599,866
↓ -28,071 Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -2% ₹24 Cr Net Receivables / (Payables)
Net Current Assets | -1% -₹10 Cr 5. ICICI Prudential Advisor Series - Passive Strategy Fund
CAGR/Annualized
return of 13.8% since its launch. Return for 2023 was 29.3% , 2022 was 4.2% and 2021 was 30.3% . ICICI Prudential Advisor Series - Passive Strategy Fund
Growth Launch Date 18 Dec 03 NAV (15 Mar 24) ₹137.418 ↓ -0.50 (-0.36 %) Net Assets (Cr) ₹145 on 31 Jan 24 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating Risk Moderately High Expense Ratio 0.35 Sharpe Ratio 1.97 Information Ratio 0.35 Alpha Ratio 3.1 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 19 ₹10,000 29 Feb 20 ₹10,199 28 Feb 21 ₹13,030 28 Feb 22 ₹15,070 28 Feb 23 ₹16,129 29 Feb 24 ₹22,029 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 15 Mar 24 Duration Returns 1 Month -0.3% 3 Month 4.6% 6 Month 13.3% 1 Year 38.7% 3 Year 18.1% 5 Year 15.9% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 29.3% 2022 4.2% 2021 30.3% 2020 10.7% 2019 6.7% 2018 4% 2017 19.2% 2016 11.2% 2015 1.2% 2014 29.6% Fund Manager information for ICICI Prudential Advisor Series - Passive Strategy Fund
Name Since Tenure Sankaran Naren 5 Sep 18 5.49 Yr. Dharmesh Kakkad 28 May 18 5.76 Yr. Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 31 Jan 24
Asset Allocation
Asset Class Value Cash 4.41% Equity 95.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Nifty Bank ETF
- | -16% ₹23 Cr 4,909,440 ICICI Prudential Nifty Infra ETF
- | -14% ₹20 Cr 2,549,892 ICICI Pru Nifty Healthcare ETF
- | -13% ₹19 Cr 1,654,961 ICICI Pru Nifty Private Banks ETF
- | -12% ₹18 Cr 762,327 ICICI Pru Nifty IT ETF
- | -11% ₹16 Cr 4,195,640
↓ -375,000 ICICI Pru Nifty India Consumption ETF
- | -10% ₹14 Cr 1,425,530 ICICI Pru Nifty FMCG ETF
- | -8% ₹12 Cr 211,030
↑ 25,000 CPSE ETF
- | -7% ₹11 Cr 1,435,000
↓ -600,000 ICICI Pru Nifty Financial Svcs Ex-Bk ETF
- | -4% ₹5 Cr 2,284,345
↑ 2,284,345 Treps
CBLO/Reverse Repo | -5% ₹7 Cr 6. Kotak Asset Allocator Fund - FOF
CAGR/Annualized
return of 16.3% since its launch. Ranked 17 in Fund of Fund
category. Return for 2023 was 23.4% , 2022 was 11.3% and 2021 was 25% . Kotak Asset Allocator Fund - FOF
Growth Launch Date 9 Aug 04 NAV (15 Mar 24) ₹193.538 ↓ -0.61 (-0.31 %) Net Assets (Cr) ₹1,299 on 31 Jan 24 Category Others - Fund of Fund AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 0.76 Sharpe Ratio 2.25 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 19 ₹10,000 29 Feb 20 ₹11,088 28 Feb 21 ₹14,324 28 Feb 22 ₹16,697 28 Feb 23 ₹18,630 29 Feb 24 ₹24,471 Returns for Kotak Asset Allocator Fund - FOF
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 1.2% 3 Month 6.1% 6 Month 12.2% 1 Year 31.5% 3 Year 19.1% 5 Year 19.4% 10 Year 15 Year Since launch 16.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 23.4% 2022 11.3% 2021 25% 2020 25% 2019 10.3% 2018 4.4% 2017 13.7% 2016 8.8% 2015 5.4% 2014 40.4% Fund Manager information for Kotak Asset Allocator Fund - FOF
Name Since Tenure Abhishek Bisen 15 Nov 21 2.29 Yr. Devender Singhal 9 May 19 4.82 Yr. Arjun Khanna 9 May 19 4.82 Yr. Data below for Kotak Asset Allocator Fund - FOF as on 31 Jan 24
Asset Allocation
Asset Class Value Cash 3.91% Equity 62.55% Debt 26.24% Other 7.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Gilt-Investment Growth - Direct
Investment Fund | -14% ₹189 Cr 19,261,359 Kotak Bond Dir Gr
Investment Fund | -12% ₹164 Cr 21,279,938 Kotak Flexicap Dir Gr
Investment Fund | -12% ₹163 Cr 20,933,168 iShares NASDAQ 100 ETF USD Acc
- | -10% ₹131 Cr 15,440 Kotak Bluechip Dir Gr
Investment Fund | -9% ₹126 Cr 2,296,393 Kotak Equity Arbitrage Dir Gr
Investment Fund | -9% ₹119 Cr 33,047,303
↑ 33,047,303 Kotak Infra & Econ Reform Dir Gr
Investment Fund | -9% ₹117 Cr 18,399,092 Kotak Gold ETF
- | -7% ₹96 Cr 18,045,000 Kotak Consumption Dir Gr
Investment Fund | -7% ₹93 Cr 87,079,332 Kotak Manufacture in India Dir Gr
Investment Fund | -5% ₹66 Cr 41,081,682 7. UTI Nifty Index Fund
CAGR/Annualized
return of 11.9% since its launch. Ranked 68 in Index Fund
category. Return for 2023 was 20.9% , 2022 was 5.3% and 2021 was 25.2% . UTI Nifty Index Fund
Growth Launch Date 6 Mar 00 NAV (15 Mar 24) ₹149.193 ↓ -0.84 (-0.56 %) Net Assets (Cr) ₹15,301 on 31 Jan 24 Category Others - Index Fund AMC UTI Asset Management Company Ltd Rating ☆☆ Risk Moderately High Expense Ratio 0.3 Sharpe Ratio 1.35 Information Ratio -10.52 Alpha Ratio -0.35 Min Investment 5,000 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,477 28 Feb 21 ₹13,680 28 Feb 22 ₹15,950 28 Feb 23 ₹16,575 29 Feb 24 ₹21,221 Returns for UTI Nifty Index Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 0.5% 3 Month 2.7% 6 Month 9.2% 1 Year 30.8% 3 Year 14.8% 5 Year 14.9% 10 Year 15 Year Since launch 11.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 20.9% 2022 5.3% 2021 25.2% 2020 15.5% 2019 13.2% 2018 4.3% 2017 29.7% 2016 4% 2015 -3.3% 2014 31.8% Fund Manager information for UTI Nifty Index Fund
Name Since Tenure Sharwan Kumar Goyal 31 Jul 18 5.59 Yr. Ayush Jain 2 May 22 1.83 Yr. Data below for UTI Nifty Index Fund as on 31 Jan 24
Asset Allocation
Asset Class Value Equity 100.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK12% ₹1,770 Cr 12,103,274
↑ 227,946 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 03 | RELIANCE10% ₹1,555 Cr 5,448,533
↑ 102,615 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 03 | ICICIBANK8% ₹1,162 Cr 11,297,161
↑ 212,765 Infosys Ltd (Technology)
Equity, Since 31 Jan 03 | INFY6% ₹955 Cr 5,748,969
↑ 108,273 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 04 | LT4% ₹663 Cr 1,903,953
↑ 35,858 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jan 03 | ITC4% ₹630 Cr 14,266,517
↑ 268,688 Tata Consultancy Services Ltd (Technology)
Equity, Since 28 Feb 05 | TCS4% ₹623 Cr 1,631,680
↑ 30,730 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | 5322153% ₹477 Cr 4,470,044
↑ 84,187 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 04 | BHARTIARTL3% ₹477 Cr 4,074,593
↑ 76,739 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | KOTAKBANK3% ₹432 Cr 2,368,883
↑ 44,614
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.
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