7 Best Fund of Funds in India 2025 - 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 2025
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 Funds

7 Best Fund of Funds in India 2025

Updated on June 27, 2025 , 40882 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 2025

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
IDBI Nifty Index Fund Growth	₹36.2111 ↓ -0.02	₹208	9.1	11.9	16.2	20.3	11.7
PGIM India Euro Equity Fund Growth	₹16.44 ↑ 0.05	₹157	4.1	5.1	13.1	9.1	2.8	20.6
ICICI Prudential Advisor Series - Conservative Fund Growth	₹121.1 ↑ 0.46	₹26,071	6.9	7.1	11.2	16	16.7	13.5
ICICI Prudential Advisor Series - Passive Strategy Fund Growth	₹165.641 ↑ 0.91	₹194	8.7	6.9	9.6	22.7	23.6	15.9
Kotak Asset Allocator Fund - FOF Growth	₹235.346 ↑ 1.07	₹1,799	9.1	6.1	9.1	22.6	21.5	19
ICICI Prudential Advisor Series - Debt Management Fund Growth	₹45.0076 ↓ 0.00	₹115	2.6	5	9.1	8.3	6.7	8.1
IDFC All Seasons Bond Fund Growth	₹43.7775 ↓ 0.00	₹463	2.4	4.5	8.7	7.3	5.8	7.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

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

1. IDBI Nifty Index Fund

The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the S&P CNX Nifty 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 S&P CNX Nifty index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the S&P CNX Nifty index (Total Returns Index) and the scheme.

IDBI Nifty 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 10.3% since its launch. Ranked 83 in Index Fund category. .

Below is the key information for IDBI Nifty Index Fund

IDBI Nifty Index Fund Growth
Launch Date	25 Jun 10
NAV (28 Jul 23)	₹36.2111 ↓ -0.02 (-0.06 %)
Net Assets (Cr)	₹208 on 30 Jun 23
Category	Others - Index Fund
AMC	IDBI Asset Management Limited
Rating	☆
Risk	Moderately High
Expense Ratio	0.9
Sharpe Ratio	1.04
Information Ratio	-3.93
Alpha Ratio	-1.03
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 May 20	₹10,000
31 May 21	₹16,150
31 May 22	₹17,272
31 May 23	₹19,318

IDBI Nifty Index 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 IDBI 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 28 Jul 23

Duration	Returns
1 Month	3.7%
3 Month	9.1%
6 Month	11.9%
1 Year	16.2%
3 Year	20.3%
5 Year	11.7%
10 Year
15 Year
Since launch	10.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for IDBI Nifty Index Fund

Name	Since	Tenure

Data below for IDBI Nifty Index Fund as on 30 Jun 23

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

2. PGIM India Euro Equity Fund

(Erstwhile DHFL Pramerica Top Euroland Offshore Fund)

The primary investment objective of the scheme is to generate long-term capital growth from a diversified portfolio of units of overseas mutual funds.

PGIM India Euro Equity Fund is a Others - Fund of Fund fund was launched on 11 Sep 07. It is a fund with High risk and has given a CAGR/Annualized return of 2.8% since its launch. Ranked 24 in Fund of Fund category. Return for 2024 was 20.6% , 2023 was 14.6% and 2022 was -35.6% .

Below is the key information for PGIM India Euro Equity Fund

PGIM India Euro Equity Fund Growth
Launch Date	11 Sep 07
NAV (26 Jun 25)	₹16.44 ↑ 0.05 (0.31 %)
Net Assets (Cr)	₹157 on 31 May 25
Category	Others - Fund of Fund
AMC	Pramerica Asset Managers Private Limited
Rating	☆☆
Risk	High
Expense Ratio	1.62
Sharpe Ratio	0.52
Information Ratio	0.03
Alpha Ratio	0.52
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
31 May 20	₹10,000
31 May 21	₹13,575
31 May 22	₹8,787
31 May 23	₹8,026
31 May 24	₹10,124
31 May 25	₹11,360

PGIM India Euro Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹323,701.
Net Profit of ₹23,701 Invest Now

Returns for PGIM India Euro Equity 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 Jul 23

Duration	Returns
1 Month	2.2%
3 Month	4.1%
6 Month	5.1%
1 Year	13.1%
3 Year	9.1%
5 Year	2.8%
10 Year
15 Year
Since launch	2.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	20.6%
2023	14.6%
2022	-35.6%
2021	-1.9%
2020	20.5%
2019	21.4%
2018	-10.3%
2017	14.6%
2016	-6.7%
2015	5.7%

Fund Manager information for PGIM India Euro Equity Fund

Name	Since	Tenure
Anandha Padmanabhan Anjeneyan	15 Feb 25	0.29 Yr.
Vivek Sharma	15 Feb 25	0.29 Yr.

Data below for PGIM India Euro Equity Fund as on 31 May 25

Asset Allocation

Asset Class	Value
Cash	4.69%
Equity	95.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
PGIM Jennison Emerging Mkts Eq USD W Acc Investment Fund \| -	98%	₹93 Cr	105,653 ↑ 3,989
Clearing Corporation Of India Ltd. CBLO/Reverse Repo \| -	2%	₹2 Cr
Net Receivables / (Payables) Net Current Assets \| -	0%	₹0 Cr

3. 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 12.3% since its launch. Return for 2024 was 13.5% , 2023 was 18.2% and 2022 was 8.2% .

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 (26 Jun 25)	₹121.1 ↑ 0.46 (0.38 %)
Net Assets (Cr)	₹26,071 on 31 May 25
Category	Others - Fund of Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.35
Sharpe Ratio	0.72
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
31 May 20	₹10,000
31 May 21	₹13,736
31 May 22	₹14,844
31 May 23	₹16,574
31 May 24	₹19,972
31 May 25	₹22,407

ICICI Prudential Advisor Series - Conservative Fund SIP 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 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 Jul 23

Duration	Returns
1 Month	1.4%
3 Month	6.9%
6 Month	7.1%
1 Year	11.2%
3 Year	16%
5 Year	16.7%
10 Year
15 Year
Since launch	12.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	13.5%
2023	18.2%
2022	8.2%
2021	16.6%
2020	13.4%
2019	9.7%
2018	8.6%
2017	15.3%
2016	12.8%
2015	2.3%

Fund Manager information for ICICI Prudential Advisor Series - Conservative Fund

Name	Since	Tenure
Sankaran Naren	5 Sep 18	6.74 Yr.
Manish Banthia	16 Jun 17	7.96 Yr.
Ritesh Lunawat	12 Jun 23	1.97 Yr.
Dharmesh Kakkad	28 May 18	7.02 Yr.

Data below for ICICI Prudential Advisor Series - Conservative Fund as on 31 May 25

Asset Allocation

Asset Class	Value
Cash	11.54%
Equity	47.65%
Debt	40.69%
Other	0.12%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru All Seasons Bond Dir Gr Investment Fund \| -	13%	₹3,404 Cr	858,143,681 ↓ -25,471,218
ICICI Pru Short Term Dir Gr Investment Fund \| -	7%	₹1,701 Cr	262,025,065
ICICI Pru Banking & Fin Svcs Dir Gr Investment Fund \| -	6%	₹1,578 Cr	108,014,963 ↓ -13,806,251
ICICI Pru Technology Dir Gr Investment Fund \| -	6%	₹1,500 Cr	72,064,689 ↑ 5,921,932
ICICI Prudential Energy Opps Dir Gr Investment Fund \| -	6%	₹1,456 Cr	1,497,775,309 ↑ 14,770,173
ICICI Pru Infrastructure Dir Gr Investment Fund \| -	6%	₹1,422 Cr	72,834,807 ↑ 4,039,549
ICICI Pru Savings Dir Gr Investment Fund \| -	5%	₹1,332 Cr	24,456,204 ↑ 11,008,931
ICICI Pru Focused Equity Dir Gr Investment Fund \| -	4%	₹1,088 Cr	108,907,193 ↓ -12,045,036
ICICI Pru Innovt Dir Gr Investment Fund \| -	4%	₹1,086 Cr	609,156,836 ↓ -14,055,879
ICICI Pru Large & Mid Cap Dir Gr Investment Fund \| -	4%	₹1,053 Cr	9,877,642 ↑ 562,222

4. ICICI Prudential Advisor Series - Passive Strategy Fund

(Erstwhile ICICI Prudential Advisor Series - Long Term Savings Plan)

The primary investment objective of this Plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Fund(s) mainly having asset allocation to: • Equity and equity related securities and • A small portion in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Prudential Advisor Series - Passive Strategy Fund is a Others - Fund of Fund fund was launched on 18 Dec 03. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.9% since its launch. Return for 2024 was 15.9% , 2023 was 29.3% and 2022 was 4.2% .

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 (27 Jun 25)	₹165.641 ↑ 0.91 (0.55 %)
Net Assets (Cr)	₹194 on 31 May 25
Category	Others - Fund of Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	Not Rated
Risk	Moderately High
Expense Ratio	0.35
Sharpe Ratio	0.45
Information Ratio	0.64
Alpha Ratio	3.4
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
31 May 20	₹10,000
31 May 21	₹16,998
31 May 22	₹18,024
31 May 23	₹21,101
31 May 24	₹27,434
31 May 25	₹30,967

ICICI Prudential Advisor Series - Passive Strategy Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623 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 Jul 23

Duration	Returns
1 Month	2.9%
3 Month	8.7%
6 Month	6.9%
1 Year	9.6%
3 Year	22.7%
5 Year	23.6%
10 Year
15 Year
Since launch	13.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	15.9%
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%

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

Name	Since	Tenure
Sankaran Naren	5 Sep 18	6.74 Yr.
Dharmesh Kakkad	28 May 18	7.01 Yr.
Sharmila D’mello	13 May 24	1.05 Yr.
Masoomi Jhurmarvala	4 Nov 24	0.57 Yr.

Data below for ICICI Prudential Advisor Series - Passive Strategy Fund as on 31 May 25

Asset Allocation

Asset Class	Value
Cash	3.95%
Equity	96.05%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru Nifty Private Banks ETF - \| -	20%	₹39 Cr	14,195,963 ↑ 175,000
ICICI Pru Nifty Bank ETF - \| -	17%	₹32 Cr	5,690,440 ↓ -239,000
ICICI Pru Nifty Healthcare ETF - \| -	10%	₹19 Cr	1,339,801 ↑ 203,000
ICICI Pru Nifty FMCG ETF - \| -	10%	₹18 Cr	3,080,300 ↓ -76,000
ICICI Pru Nifty India Consumption ETF - \| -	9%	₹17 Cr	1,450,930
ICICI Prudential Nifty Oil & Gas ETF - \| -	8%	₹15 Cr	12,976,960 ↑ 425,000
ICICI Pru Nifty IT ETF - \| -	6%	₹12 Cr	3,031,290
ICICI Prudential Nifty Infra ETF - \| -	6%	₹11 Cr	1,178,642 ↑ 110,000
CPSE ETF - \| -	5%	₹10 Cr	1,158,200
ICICI Prudential Nifty Commodities ETF - \| -	4%	₹7 Cr	778,000

5. Kotak Asset Allocator Fund - FOF

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio created by investing in specified open-ended equity, and debt schemes of Kotak Mahindra Mutual Fund. However, there is no assurance that the investment objective of the Scheme will be realized

Kotak Asset Allocator Fund - FOF is a Others - Fund of Fund fund was launched on 9 Aug 04. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.3% since its launch. Ranked 17 in Fund of Fund category. Return for 2024 was 19% , 2023 was 23.4% and 2022 was 11.3% .

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

Kotak Asset Allocator Fund - FOF Growth
Launch Date	9 Aug 04
NAV (26 Jun 25)	₹235.346 ↑ 1.07 (0.46 %)
Net Assets (Cr)	₹1,799 on 31 May 25
Category	Others - Fund of Fund
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	0.94
Sharpe Ratio	0.46
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
31 May 20	₹10,000
31 May 21	₹14,661
31 May 22	₹16,109
31 May 23	₹19,347
31 May 24	₹25,150
31 May 25	₹27,980

Kotak Asset Allocator Fund - FOF SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 Invest Now

Returns for Kotak Asset Allocator Fund - FOF

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

Duration	Returns
1 Month	2.4%
3 Month	9.1%
6 Month	6.1%
1 Year	9.1%
3 Year	22.6%
5 Year	21.5%
10 Year
15 Year
Since launch	16.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	19%
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%

Fund Manager information for Kotak Asset Allocator Fund - FOF

Name	Since	Tenure
Abhishek Bisen	15 Nov 21	3.54 Yr.
Devender Singhal	9 May 19	6.07 Yr.

Data below for Kotak Asset Allocator Fund - FOF as on 31 May 25

Asset Allocation

Asset Class	Value
Cash	4.89%
Equity	73.66%
Debt	14.37%
Other	7.08%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Kotak Consumption Dir Gr Investment Fund \| -	11%	₹191 Cr	146,659,548
Kotak Infra & Econ Reform Dir Gr Investment Fund \| -	10%	₹171 Cr	24,607,551
Kotak Nifty PSU Bank ETF - \| -	9%	₹159 Cr	2,432,000 ↑ 242,000
Kotak Nifty 50 ETF - \| -	9%	₹146 Cr	5,517,500
Kotak Gilt Inv Growth - Direct Investment Fund \| -	8%	₹140 Cr	12,634,309
Kotak Gold ETF - \| -	7%	₹123 Cr	15,440,000 ↓ -5,980,000
Kotak Bond Dir Gr Investment Fund \| -	6%	₹111 Cr	12,869,186
Kotak Nifty Bank ETF - \| BANKNIFTY1	6%	₹108 Cr	1,904,000 ↑ 1,154,000
Kotak Quant Dir Gr Investment Fund \| -	6%	₹101 Cr	70,592,506
iShares NASDAQ 100 ETF USD Acc - \| -	6%	₹97 Cr	10,300

6. 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 7.2% since its launch. Ranked 8 in Fund of Fund category. Return for 2024 was 8.1% , 2023 was 7.5% and 2022 was 4% .

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 (26 Jun 25)	₹45.0076 ↓ 0.00 (-0.01 %)
Net Assets (Cr)	₹115 on 31 May 25
Category	Others - Fund of Fund
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆☆
Risk	Moderate
Expense Ratio	0.67
Sharpe Ratio	2.22
Information Ratio	0
Alpha Ratio	0
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
31 May 20	₹10,000
31 May 21	₹10,801
31 May 22	₹11,042
31 May 23	₹11,898
31 May 24	₹12,776
31 May 25	₹13,996

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 Jul 23

Duration	Returns
1 Month	0.1%
3 Month	2.6%
6 Month	5%
1 Year	9.1%
3 Year	8.3%
5 Year	6.7%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8.1%
2023	7.5%
2022	4%
2021	4.2%
2020	9.7%
2019	8.7%
2018	6.2%
2017	6.5%
2016	11.2%
2015	11.1%

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

Name	Since	Tenure
Manish Banthia	16 Jun 17	7.96 Yr.
Ritesh Lunawat	29 Dec 20	4.42 Yr.

Data below for ICICI Prudential Advisor Series - Debt Management Fund as on 31 May 25

Asset Allocation

Asset Class	Value
Cash	6.28%
Equity	0.41%
Debt	93.07%
Other	0.25%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Pru All Seasons Bond Dir Gr Investment Fund \| -	40%	₹46 Cr	11,489,378
ICICI Pru Short Term Dir Gr Investment Fund \| -	33%	₹38 Cr	5,832,596
ICICI Pru Medium Term Bond Dir Gr Investment Fund \| -	13%	₹15 Cr	3,054,781
ICICI Pru Floating Interest Dir Gr Investment Fund \| -	4%	₹5 Cr	103,865
Bandhan Gov Sec Inv Dir Gr Investment Fund \| -	4%	₹4 Cr	1,053,956
ICICI Pru Const Mat Gilt Dir Gr Investment Fund \| -	4%	₹4 Cr	1,603,158
Treps CBLO/Reverse Repo \| -	2%	₹3 Cr
Net Current Assets Net Current Assets \| -	0%	₹0 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 7.4% since its launch. Ranked 36 in Fund of Fund category. Return for 2024 was 7.8% , 2023 was 6.8% and 2022 was 3.2% .

Below is the key information for IDFC All Seasons Bond Fund

IDFC All Seasons Bond Fund Growth
Launch Date	13 Sep 04
NAV (27 Jun 25)	₹43.7775 ↓ 0.00 (-0.01 %)
Net Assets (Cr)	₹463 on 31 May 25
Category	Others - Fund of Fund
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.51
Sharpe Ratio	2.4
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
31 May 20	₹10,000
31 May 21	₹10,640
31 May 22	₹10,869
31 May 23	₹11,569
31 May 24	₹12,316
31 May 25	₹13,418

IDFC All Seasons Bond Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120 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 Jul 23

Duration	Returns
1 Month	0.3%
3 Month	2.4%
6 Month	4.5%
1 Year	8.7%
3 Year	7.3%
5 Year	5.8%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.8%
2023	6.8%
2022	3.2%
2021	3.3%
2020	10.5%
2019	10.4%
2018	6.3%
2017	5.9%
2016	8.9%
2015	8.3%

Fund Manager information for IDFC All Seasons Bond Fund

Name	Since	Tenure
Harshal Joshi	15 Jul 16	8.88 Yr.

Data below for IDFC All Seasons Bond Fund as on 31 May 25

Asset Allocation

Asset Class	Value
Cash	23.39%
Debt	76.5%
Other	0.23%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bandhan Corporate Bond Dir Gr Investment Fund \| -	72%	₹215 Cr	109,673,633 ↑ 46,076,669
Bandhan Arbitrage Dir Gr Investment Fund \| -	45%	₹136 Cr	39,181,176 ↑ 17,322,117
Net Current Assets Net Current Assets \| -	18%	-₹52 Cr
Triparty Repo Trp_020525 CBLO/Reverse Repo \| -	0%	₹1 Cr
Cash Margin - Ccil CBLO/Reverse Repo \| -	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.

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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.