7 Best Fund of Funds in India 2023 - Fincash.com

Table of Contents

What are Fund of Funds?
What are the Types of Fund of Funds?
Who should Invest in Fund of Funds?
Advantages of Investing in Fund of Funds
Limitations of Fund of Funds
- 1. Expense ratio
- 2. Tax
Best Performing Fund of Funds to Invest 2023
Advantages of Fund of Funds
How Does a Fund of Fund Works?
Why Choose Fund of Funds?
How to Invest in FOF Mutual Funds Online?
FAQs
Top 7 Others - Fund of Fund Funds

7 Best Fund of Funds in India 2023

Updated on March 27, 2023 , 35518 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.

Ready to Invest?
Talk to our investment specialist

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 2023

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2022 (%)
Kotak Asset Allocator Fund - FOF Growth	₹147.363 ↓ -0.34	₹784	-2	7.9	9.7	25.6	14.3	11.3
ICICI Prudential Advisor Series - Conservative Fund Growth	₹84.5167 ↑ 0.42	₹18,394	0.4	4.5	7.1	21.3	11.4	8.2
ICICI Prudential Advisor Series - Hybrid Fund Growth	₹47.2437 ↑ 0.15	₹272	0.7	4.3	6.3	12.8	8.1	6.7
ICICI Prudential Advisor Series - Debt Management Fund Growth	₹37.5521 ↑ 0.04	₹141	1.6	3.1	5.6	5.9	6.5	4
ICICI Prudential Advisor Series - Passive Strategy Fund Growth	₹99.6276 ↑ 0.65	₹93	-3.6	2.1	4.6	24.4	10.3	4.2
Franklin India Dynamic PE Ratio Fund of Funds Growth	₹112.619 ↓ -0.30	₹1,104	-2.9	1.3	4	17.4	7.9	7.1
IDFC All Seasons Bond Fund Growth	₹37.0313 ↑ 0.04	₹128	1.6	3.2	4	5.4	6.7	3.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Mar 23

*List of Funds based on Assets >= 50 Crore & Sorted based on 1 year Return.

1. 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 15.5% since its launch. Ranked 17 in Fund of Fund category. Return for 2022 was 11.3% , 2021 was 25% and 2020 was 25% .

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

Kotak Asset Allocator Fund - FOF Growth
Launch Date	9 Aug 04
NAV (28 Mar 23)	₹147.363 ↓ -0.34 (-0.23 %)
Net Assets (Cr)	₹784 on 28 Feb 23
Category	Others - Fund of Fund
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	0.85
Sharpe Ratio	0.57
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 18	₹10,000
28 Feb 19	₹10,508
29 Feb 20	₹11,651
28 Feb 21	₹15,051
28 Feb 22	₹17,544
28 Feb 23	₹19,576

Kotak Asset Allocator Fund - FOF SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 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 28 Mar 23

Duration	Returns
1 Month	0%
3 Month	-2%
6 Month	7.9%
1 Year	9.7%
3 Year	25.6%
5 Year	14.3%
10 Year
15 Year
Since launch	15.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	11.3%
2021	25%
2020	25%
2019	10.3%
2018	4.4%
2017	13.7%
2016	8.8%
2015	5.4%
2014	40.4%
2013	6.1%

Fund Manager information for Kotak Asset Allocator Fund - FOF

Name	Since	Tenure
Abhishek Bisen	15 Nov 21	1.29 Yr.
Devender Singhal	9 May 19	3.81 Yr.
Arjun Khanna	9 May 19	3.81 Yr.

Data below for Kotak Asset Allocator Fund - FOF as on 28 Feb 23

Asset Allocation

Asset Class	Value
Cash	2.97%
Equity	66.95%
Debt	20.62%
Other	9.45%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Kotak Bond Dir Gr Investment Fund \| -	15%	₹115 Cr	16,334,104
Kotak Bluechip Dir Gr Investment Fund \| -	12%	₹96 Cr	2,296,393
Kotak Flexicap Dir Gr Investment Fund \| -	11%	₹84 Cr	14,541,557 ↑ 14,541,557
Kotak Nifty MNC ETF - \| -	10%	₹77 Cr	40,500,000 ↑ 6,000,000
Kotak Gold ETF - \| -	10%	₹76 Cr	15,850,000 ↓ -2,300,000
Kotak Nifty PSU Bank ETF - \| -	9%	₹73 Cr	2,000,000 ↓ -100,000
iShares NASDAQ 100 ETF USD Acc - \| -	9%	₹70 Cr	12,365
Kotak Nifty 50 ETF - \| -	8%	₹63 Cr	3,400,000 ↑ 3,400,000
Kotak Infra & Econ Reform Dir Gr Investment Fund \| -	8%	₹61 Cr	14,220,358 ↑ 5,786,350
Kotak Corporate Bond Dir Gr Investment Fund \| -	7%	₹53 Cr	162,650

2. ICICI Prudential Advisor Series - Conservative Fund

(Erstwhile ICICI Prudential Advisor Series - Moderate Plan)

The primary investment objective of this Plan is to seek to generate long term capital appreciation and current income by creating a portfolio that is invested in the schemes of domestic or offshore Mutual Fund(s) mainly having asset allocation to: • Equity and equity related securities as well as • Fixed income securities. However, there can be no assurance that the investment objectives of the Plan/s will be realized.

ICICI Prudential Advisor Series - Conservative Fund is a Others - Fund of Fund fund was launched on 18 Dec 03. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.7% since its launch. Return for 2022 was 8.2% , 2021 was 16.6% and 2020 was 13.4% .

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

ICICI Prudential Advisor Series - Conservative Fund Growth
Launch Date	18 Dec 03
NAV (29 Mar 23)	₹84.5167 ↑ 0.42 (0.51 %)
Net Assets (Cr)	₹18,394 on 28 Feb 23
Category	Others - Fund of Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.54
Sharpe Ratio	0.56
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 18	₹10,000
28 Feb 19	₹10,966
29 Feb 20	₹11,706
28 Feb 21	₹14,156
28 Feb 22	₹15,915
28 Feb 23	₹17,165

ICICI Prudential Advisor Series - Conservative Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 Invest Now

Returns for ICICI Prudential Advisor Series - Conservative Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 23

Duration	Returns
1 Month	0.5%
3 Month	0.4%
6 Month	4.5%
1 Year	7.1%
3 Year	21.3%
5 Year	11.4%
10 Year
15 Year
Since launch	11.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	8.2%
2021	16.6%
2020	13.4%
2019	9.7%
2018	8.6%
2017	15.3%
2016	12.8%
2015	2.3%
2014	25.5%
2013	2.3%

Fund Manager information for ICICI Prudential Advisor Series - Conservative Fund

Name	Since	Tenure
Sankaran Naren	5 Sep 18	4.49 Yr.
Manish Banthia	16 Jun 17	5.71 Yr.
Dharmesh Kakkad	28 May 18	4.76 Yr.

Data below for ICICI Prudential Advisor Series - Conservative Fund as on 28 Feb 23

Asset Allocation

Asset Class	Value
Cash	12.82%
Equity	32.21%
Debt	47.89%
Other	7.07%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Savings Dir Gr Investment Fund \| -	24%	₹4,490 Cr	97,816,472 ↓ -5,446,041
ICICI Pru Floating Interest Dir Gr Investment Fund \| -	15%	₹2,729 Cr	71,753,376
ICICI Pru Large & Mid Cap Dir Gr Investment Fund \| -	8%	₹1,498 Cr	24,051,847 ↑ 5,658,564
ICICI Pru All Seasons Bond Dir Gr Investment Fund \| -	8%	₹1,421 Cr	437,265,480
ICICI Pru Gold ETF - \| -	7%	₹1,333 Cr	273,650,547
ICICI Pru Value Discovery Dir Gr Investment Fund \| -	6%	₹1,073 Cr	36,146,130
ICICI Pru Short Term Dir Gr Investment Fund \| -	5%	₹988 Cr	183,265,154
ICICI Pru Banking & Fin Svcs Dir Gr Investment Fund \| -	5%	₹973 Cr	102,363,306 ↑ 23,905,242
ICICI Pru Pharma Healthcare Diag Dir Gr Investment Fund \| -	3%	₹537 Cr	276,449,407 ↑ 76,449,069
ICICI Pru Infrastructure Dir Gr Investment Fund \| -	3%	₹494 Cr	46,833,763 ↓ -2,353,851

3. ICICI Prudential Advisor Series - Hybrid Fund

(Erstwhile ICICI Prudential Advisor Series - Cautious Plan)

The primary investment objective of this Plan is to seek to generate regular income primarily through investments in the schemes of domestic or offshore Mutual Fund(s) having asset allocation: • Primarily to fixed income securities • To a lesser extent (maximum 35%) in equity and equity related securities so as to generate long-term capital appreciation. However, there can be no assurance that the investment objectives of the Plan/s will be realized.

ICICI Prudential Advisor Series - Hybrid Fund is a Others - Fund of Fund fund was launched on 18 Dec 03. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 8.4% since its launch. Return for 2022 was 6.7% , 2021 was 10.8% and 2020 was 9.2% .

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

ICICI Prudential Advisor Series - Hybrid Fund Growth
Launch Date	18 Dec 03
NAV (29 Mar 23)	₹47.2437 ↑ 0.15 (0.31 %)
Net Assets (Cr)	₹272 on 28 Feb 23
Category	Others - Fund of Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	0.94
Sharpe Ratio	0.47
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Months (0.25%),1 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 18	₹10,000
28 Feb 19	₹10,644
29 Feb 20	₹11,436
28 Feb 21	₹12,718
28 Feb 22	₹13,886
28 Feb 23	₹14,865

ICICI Prudential Advisor Series - Hybrid Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for ICICI Prudential Advisor Series - Hybrid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 23

Duration	Returns
1 Month	0.2%
3 Month	0.7%
6 Month	4.3%
1 Year	6.3%
3 Year	12.8%
5 Year	8.1%
10 Year
15 Year
Since launch	8.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	6.7%
2021	10.8%
2020	9.2%
2019	8.6%
2018	6.4%
2017	5.8%
2016	9.6%
2015	3%
2014	22%
2013	1.2%

Fund Manager information for ICICI Prudential Advisor Series - Hybrid Fund

Name	Since	Tenure
Manish Banthia	16 Jun 17	5.71 Yr.
Ritesh Lunawat	29 Dec 20	2.17 Yr.
Dharmesh Kakkad	28 May 18	4.76 Yr.

Data below for ICICI Prudential Advisor Series - Hybrid Fund as on 28 Feb 23

Asset Allocation

Asset Class	Value
Cash	10%
Equity	18.43%
Debt	71.58%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Floating Interest Dir Gr Investment Fund \| -	77%	₹209 Cr	5,499,098 ↑ 1,015,173
ICICI Pru Value Discovery Dir Gr Investment Fund \| -	12%	₹32 Cr	1,079,966
ICICI Pru Equity & Debt Dir Gr Investment Fund \| -	10%	₹26 Cr	998,794
Treps CBLO/Reverse Repo \| -	2%	₹5 Cr
Net Current Assets Net Current Assets \| -	0%	₹0 Cr
ICICI Pru FMCG Dir Gr Investment Fund \| -		₹0 Cr	00 ↓ -667,848
ICICI Pru Bond Dir Gr Investment Fund \| -		₹0 Cr	00 ↓ -2,955,686

4. ICICI Prudential Advisor Series - Debt Management Fund

(Erstwhile ICICI Prudential Advisor Series - Dynamic Accrual Plan)

The primary investment objective of this Plan is to seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in the schemes of domestic or offshore Mutual Fund(s) having asset allocation to: • Money market and debt securities. This Plan may be considered to be ideal for investors having a low risk appetite and a shorter duration of investment. However, there can be no assurance that the investment objectives of the Plan/s will be realized.

ICICI Prudential Advisor Series - Debt Management Fund is a Others - Fund of Fund fund was launched on 18 Dec 03. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.1% since its launch. Ranked 8 in Fund of Fund category. Return for 2022 was 4% , 2021 was 4.2% and 2020 was 9.7% .

Below is the key information for ICICI Prudential Advisor Series - Debt Management Fund

ICICI Prudential Advisor Series - Debt Management Fund Growth
Launch Date	18 Dec 03
NAV (29 Mar 23)	₹37.5521 ↑ 0.04 (0.11 %)
Net Assets (Cr)	₹141 on 28 Feb 23
Category	Others - Fund of Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	0.71
Sharpe Ratio	-0.31
Information Ratio	0.23
Alpha Ratio	0.47
Min Investment	5,000
Min SIP Investment	100
Exit Load	0-6 Months (0.5%),6 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 18	₹10,000
28 Feb 19	₹10,639
29 Feb 20	₹11,625
28 Feb 21	₹12,584
28 Feb 22	₹13,066
28 Feb 23	₹13,722

ICICI Prudential Advisor Series - Debt Management Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992 Invest Now

Returns for ICICI Prudential Advisor Series - Debt Management Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 23

Duration	Returns
1 Month	0.7%
3 Month	1.6%
6 Month	3.1%
1 Year	5.6%
3 Year	5.9%
5 Year	6.5%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	4%
2021	4.2%
2020	9.7%
2019	8.7%
2018	6.2%
2017	6.5%
2016	11.2%
2015	11.1%
2014	11.9%
2013	5.7%

Fund Manager information for ICICI Prudential Advisor Series - Debt Management Fund

Name	Since	Tenure
Manish Banthia	16 Jun 17	5.71 Yr.
Ritesh Lunawat	29 Dec 20	2.17 Yr.

Data below for ICICI Prudential Advisor Series - Debt Management Fund as on 28 Feb 23

Asset Allocation

Asset Class	Value
Cash	13.43%
Debt	86.57%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Floating Interest Dir Gr Investment Fund \| -	34%	₹48 Cr	1,265,840
ICICI Pru All Seasons Bond Dir Gr Investment Fund \| -	26%	₹37 Cr	11,489,378
HDFC Floating Rate Debt Dir Gr Investment Fund \| -	14%	₹20 Cr	4,761,797
ICICI Pru Savings Dir Gr Investment Fund \| -	12%	₹17 Cr	362,623
DSP 10Y G-Sec Dir Gr Investment Fund \| -	5%	₹7 Cr	3,931,969
HDFC Nifty G- Sec Jun 2027 Index Dir Gr Investment Fund \| -	4%	₹6 Cr	5,464,208 ↑ 5,464,208
ICICI Pru Short Term Dir Gr Investment Fund \| -	3%	₹4 Cr	762,910
HDFC Ultra S/T Fund Dir Gr Investment Fund \| -	1%	₹1 Cr	677,752 ↓ -8,465,671
Treps CBLO/Reverse Repo \| -	1%	₹1 Cr
Net Current Assets Net Current Assets \| -	0%	₹0 Cr

5. ICICI Prudential Advisor Series - Passive Strategy Fund

(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 12.7% since its launch. Return for 2022 was 4.2% , 2021 was 30.3% and 2020 was 10.7% .

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 (29 Mar 23)	₹99.6276 ↑ 0.65 (0.66 %)
Net Assets (Cr)	₹93 on 28 Feb 23
Category	Others - Fund of Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	Not Rated
Risk	Moderately High
Expense Ratio	0.33
Sharpe Ratio	0.17
Information Ratio	-0.07
Alpha Ratio	3.59
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-3 Years (1%),3 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 18	₹10,000
28 Feb 19	₹10,214
29 Feb 20	₹10,417
28 Feb 21	₹13,308
28 Feb 22	₹15,392
28 Feb 23	₹16,474

ICICI Prudential Advisor Series - Passive Strategy Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 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 28 Mar 23

Duration	Returns
1 Month	-1.5%
3 Month	-3.6%
6 Month	2.1%
1 Year	4.6%
3 Year	24.4%
5 Year	10.3%
10 Year
15 Year
Since launch	12.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	4.2%
2021	30.3%
2020	10.7%
2019	6.7%
2018	4%
2017	19.2%
2016	11.2%
2015	1.2%
2014	29.6%
2013	0.3%

Fund Manager information for ICICI Prudential Advisor Series - Passive Strategy Fund

Name	Since	Tenure
Sankaran Naren	5 Sep 18	4.49 Yr.
Dharmesh Kakkad	28 May 18	4.76 Yr.

Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 28 Feb 23

Asset Allocation

Asset Class	Value
Cash	3.58%
Equity	96.42%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Nifty Healthcare ETF - \| -	22%	₹21 Cr	2,729,961
ICICI Pru Nifty IT ETF - \| -	17%	₹16 Cr	5,095,640 ↓ -200,000
ICICI Pru Nifty Private Banks ETF - \| -	14%	₹13 Cr	657,327
ICICI Pru Nifty Bank ETF - \| -	14%	₹13 Cr	3,259,440
ICICI Prudential Nifty Infra ETF - \| -	13%	₹12 Cr	2,399,892 ↑ 574,892
ICICI Pru Nifty FMCG ETF - \| -	7%	₹7 Cr	149,030 ↓ -65,775
ICICI Prudential Nifty Auto ETF - \| -	6%	₹5 Cr	422,542
ICICI Pru Nifty India Consumption ETF - \| -	3%	₹2 Cr	330,530 ↑ 80,530
Treps CBLO/Reverse Repo \| -	3%	₹3 Cr
Net Current Assets Net Current Assets \| -	0%	₹0 Cr

6. Franklin India Dynamic PE Ratio Fund of Funds

To provide long term capital appreciation with relatively lower volatility through a dynamically balanced portfolio of equity and income funds

Franklin India Dynamic PE Ratio Fund of Funds is a Others - Fund of Fund fund was launched on 31 Oct 03. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.3% since its launch. Ranked 24 in Fund of Fund category. Return for 2022 was 7.1% , 2021 was 36.3% and 2020 was -7.7% .

Below is the key information for Franklin India Dynamic PE Ratio Fund of Funds

Franklin India Dynamic PE Ratio Fund of Funds Growth
Launch Date	31 Oct 03
NAV (28 Mar 23)	₹112.619 ↓ -0.30 (-0.26 %)
Net Assets (Cr)	₹1,104 on 28 Feb 23
Category	Others - Fund of Fund
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.07
Sharpe Ratio	0.11
Information Ratio	-0.23
Alpha Ratio	2.06
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 18	₹10,000
28 Feb 19	₹10,513
29 Feb 20	₹10,654
28 Feb 21	₹11,033
28 Feb 22	₹13,808
28 Feb 23	₹14,644

Franklin India Dynamic PE Ratio Fund of Funds SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 Invest Now

Returns for Franklin India Dynamic PE Ratio Fund of Funds

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 23

Duration	Returns
1 Month	-0.7%
3 Month	-2.9%
6 Month	1.3%
1 Year	4%
3 Year	17.4%
5 Year	7.9%
10 Year
15 Year
Since launch	13.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	7.1%
2021	36.3%
2020	-7.7%
2019	5.8%
2018	4.9%
2017	15.5%
2016	7.7%
2015	5.2%
2014	24.7%
2013	3.9%

Fund Manager information for Franklin India Dynamic PE Ratio Fund of Funds

Name	Since	Tenure
Rajasa Kakulavarapu	7 Feb 22	1.06 Yr.

Data below for Franklin India Dynamic PE Ratio Fund of Funds as on 28 Feb 23

Asset Allocation

Asset Class	Value
Cash	12.65%
Equity	52.54%
Debt	34.81%
Other	0.01%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Franklin India Flexi Cap Dir Gr Investment Fund \| -	55%	₹605 Cr	5,763,835 ↑ 477,721
ICICI Pru Short Term Dir Gr Investment Fund \| -	22%	₹238 Cr	44,083,366 ↓ -4,786,632
SBI Short Term Debt Dir Gr Investment Fund \| -	21%	₹237 Cr	83,921,762 ↓ -9,108,727
Franklin India S/T Income Dir Gr Investment Fund \| -	1%	₹11 Cr	43,693 ↓ -6,395
Franklin India S/T Inc Sgtd Ptf2RetDirGr Investment Fund \| -	0%	₹4 Cr	840,905
Franklin India Dyn Acrl Sgtd Ptf 2 DirGr Investment Fund \| -	0%	₹0 Cr	871,929
Call, Cash & Other Assets Net Current Assets \| -	1%	₹9 Cr

7. IDFC All Seasons Bond Fund

Seek to generate optimal returns with high liquidity by active management of the portfolio by investing predominantly in debt oriented mutual fund schemes and money market instruments. However, there can be no assurance that the investment objectives of the Scheme will be realized.

IDFC All Seasons Bond Fund is a Others - Fund of Fund fund was launched on 13 Sep 04. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.3% since its launch. Ranked 36 in Fund of Fund category. Return for 2022 was 3.2% , 2021 was 3.3% and 2020 was 10.5% .

Below is the key information for IDFC All Seasons Bond Fund

IDFC All Seasons Bond Fund Growth
Launch Date	13 Sep 04
NAV (29 Mar 23)	₹37.0313 ↑ 0.04 (0.11 %)
Net Assets (Cr)	₹128 on 28 Feb 23
Category	Others - Fund of Fund
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.5
Sharpe Ratio	-1.79
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-3 Months (0.5%),3 Months and above(NIL)

Growth of 10,000 investment over the years.

Date	Value
28 Feb 18	₹10,000
28 Feb 19	₹10,744
29 Feb 20	₹11,920
28 Feb 21	₹12,864
28 Feb 22	₹13,436
28 Feb 23	₹13,871

IDFC All Seasons Bond Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992 Invest Now

Returns for IDFC All Seasons Bond Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Mar 23

Duration	Returns
1 Month	1%
3 Month	1.6%
6 Month	3.2%
1 Year	4%
3 Year	5.4%
5 Year	6.7%
10 Year
15 Year
Since launch	7.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2022	3.2%
2021	3.3%
2020	10.5%
2019	10.4%
2018	6.3%
2017	5.9%
2016	8.9%
2015	8.3%
2014	10.4%
2013	8.1%

Fund Manager information for IDFC All Seasons Bond Fund

Name	Since	Tenure
Harshal Joshi	15 Jul 16	6.63 Yr.

Data below for IDFC All Seasons Bond Fund as on 28 Feb 23

Asset Allocation

Asset Class	Value
Cash	31.2%
Debt	68.8%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
IDFC Bond S/T Dir Gr Investment Fund \| -	56%	₹72 Cr	14,206,045
IDFC Banking & PSU Debt Dir Gr Investment Fund \| -	35%	₹44 Cr	20,898,868 ↓ -473,492
IDFC Corporate Bond Dir Gr Investment Fund \| -	9%	₹11 Cr	6,664,274
Triparty Repo CBLO/Reverse Repo \| -	1%	₹1 Cr
Net Current Assets Net Current Assets \| -	0%	₹0 Cr
Cash Margin - Ccil CBLO \| -	0%	₹0 Cr

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.

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?

Open Free Investment Account for Lifetime at Fincash.com.

Complete your Registration and KYC Process

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.