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7 Best Fund of Funds in India 2025

Updated on August 8, 2025 , 41004 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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)
PGIM India Euro Equity Fund Growth ₹16.95
↑ 0.11
₹25712.55.725.8112.120.6
PGIM India Global Agribusiness Offshore Fund Growth ₹44.86
↑ 0.02
₹1,47512.4-2.616.717.78.724
IDBI Nifty Index Fund Growth ₹36.2111
↓ -0.02
₹2089.111.916.220.311.7
ICICI Prudential Advisor Series - Debt Management Fund Growth ₹45.2854
↑ 0.01
₹1151.34.68.58.16.58.1
Bandhan All Seasons Bond Fund Growth ₹44.0679
↑ 0.02
₹8921.74.28.17.25.77.8
ICICI Prudential Advisor Series - Conservative Fund Growth ₹119.707
↑ 0.16
₹26,8582.65.6814.115.313.5
Kotak Asset Allocator Fund - FOF Growth ₹231.58
↑ 0.52
₹1,8604.25.37.818.619.819
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 25

Research Highlights & Commentary of 7 Funds showcased

Commentary PGIM India Euro Equity Fund PGIM India Global Agribusiness Offshore FundIDBI Nifty Index FundICICI Prudential Advisor Series - Debt Management FundBandhan All Seasons Bond FundICICI Prudential Advisor Series - Conservative FundKotak Asset Allocator Fund - FOF
Point 1Lower mid AUM (₹257 Cr).Upper mid AUM (₹1,475 Cr).Bottom quartile AUM (₹208 Cr).Bottom quartile AUM (₹115 Cr).Lower mid AUM (₹892 Cr).Highest AUM (₹26,858 Cr).Upper mid AUM (₹1,860 Cr).
Point 2Established history (17+ yrs).Established history (15+ yrs).Established history (15+ yrs).Oldest track record among peers (21 yrs).Established history (20+ yrs).Established history (21+ yrs).Established history (21+ yrs).
Point 3Rating: 2★ (lower mid).Rating: 1★ (bottom quartile).Rating: 1★ (bottom quartile).Top rated.Rating: 3★ (upper mid).Rating: 2★ (lower mid).Rating: 4★ (upper mid).
Point 4Risk profile: High.Risk profile: High.Risk profile: Moderately High.Risk profile: Moderate.Risk profile: Moderately Low.Risk profile: Moderately High.Risk profile: Moderately High.
Point 55Y return: 2.08% (bottom quartile).5Y return: 8.72% (lower mid).5Y return: 11.74% (upper mid).5Y return: 6.52% (lower mid).5Y return: 5.72% (bottom quartile).5Y return: 15.32% (upper mid).5Y return: 19.77% (top quartile).
Point 63Y return: 11.04% (lower mid).3Y return: 17.68% (upper mid).3Y return: 20.28% (top quartile).3Y return: 8.07% (bottom quartile).3Y return: 7.21% (bottom quartile).3Y return: 14.07% (lower mid).3Y return: 18.62% (upper mid).
Point 71Y return: 25.84% (top quartile).1Y return: 16.73% (upper mid).1Y return: 16.16% (upper mid).1Y return: 8.48% (lower mid).1Y return: 8.08% (lower mid).1Y return: 7.99% (bottom quartile).1Y return: 7.76% (bottom quartile).
Point 81M return: 2.42% (upper mid).1M return: 1.65% (upper mid).1M return: 3.68% (top quartile).1M return: 0.27% (lower mid).1M return: 0.35% (lower mid).1M return: -1.46% (bottom quartile).1M return: -1.98% (bottom quartile).
Point 9Alpha: 0.36 (top quartile).Alpha: -13.50 (bottom quartile).Alpha: -1.03 (bottom quartile).Alpha: 0.00 (upper mid).Alpha: 0.00 (upper mid).Alpha: 0.00 (lower mid).Alpha: 0.00 (lower mid).
Point 10Sharpe: 0.65 (lower mid).Sharpe: 0.02 (bottom quartile).Sharpe: 1.04 (upper mid).Sharpe: 1.79 (upper mid).Sharpe: 2.09 (top quartile).Sharpe: 0.61 (lower mid).Sharpe: 0.31 (bottom quartile).

PGIM India Euro Equity Fund

  • Lower mid AUM (₹257 Cr).
  • Established history (17+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: High.
  • 5Y return: 2.08% (bottom quartile).
  • 3Y return: 11.04% (lower mid).
  • 1Y return: 25.84% (top quartile).
  • 1M return: 2.42% (upper mid).
  • Alpha: 0.36 (top quartile).
  • Sharpe: 0.65 (lower mid).

PGIM India Global Agribusiness Offshore Fund

  • Upper mid AUM (₹1,475 Cr).
  • Established history (15+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: High.
  • 5Y return: 8.72% (lower mid).
  • 3Y return: 17.68% (upper mid).
  • 1Y return: 16.73% (upper mid).
  • 1M return: 1.65% (upper mid).
  • Alpha: -13.50 (bottom quartile).
  • Sharpe: 0.02 (bottom quartile).

IDBI Nifty Index Fund

  • Bottom quartile AUM (₹208 Cr).
  • Established history (15+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 11.74% (upper mid).
  • 3Y return: 20.28% (top quartile).
  • 1Y return: 16.16% (upper mid).
  • 1M return: 3.68% (top quartile).
  • Alpha: -1.03 (bottom quartile).
  • Sharpe: 1.04 (upper mid).

ICICI Prudential Advisor Series - Debt Management Fund

  • Bottom quartile AUM (₹115 Cr).
  • Oldest track record among peers (21 yrs).
  • Top rated.
  • Risk profile: Moderate.
  • 5Y return: 6.52% (lower mid).
  • 3Y return: 8.07% (bottom quartile).
  • 1Y return: 8.48% (lower mid).
  • 1M return: 0.27% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 1.79 (upper mid).

Bandhan All Seasons Bond Fund

  • Lower mid AUM (₹892 Cr).
  • Established history (20+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Moderately Low.
  • 5Y return: 5.72% (bottom quartile).
  • 3Y return: 7.21% (bottom quartile).
  • 1Y return: 8.08% (lower mid).
  • 1M return: 0.35% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 2.09 (top quartile).

ICICI Prudential Advisor Series - Conservative Fund

  • Highest AUM (₹26,858 Cr).
  • Established history (21+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 15.32% (upper mid).
  • 3Y return: 14.07% (lower mid).
  • 1Y return: 7.99% (bottom quartile).
  • 1M return: -1.46% (bottom quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.61 (lower mid).

Kotak Asset Allocator Fund - FOF

  • Upper mid AUM (₹1,860 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 19.77% (top quartile).
  • 3Y return: 18.62% (upper mid).
  • 1Y return: 7.76% (bottom quartile).
  • 1M return: -1.98% (bottom quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.31 (bottom quartile).
*List of Funds based on Assets >= 50 Crore & Sorted based on 1 year Return.

1. 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.

Research Highlights for PGIM India Euro Equity Fund

  • Lower mid AUM (₹257 Cr).
  • Established history (17+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: High.
  • 5Y return: 2.08% (bottom quartile).
  • 3Y return: 11.04% (lower mid).
  • 1Y return: 25.84% (top quartile).
  • 1M return: 2.42% (upper mid).
  • Alpha: 0.36 (top quartile).
  • Sharpe: 0.65 (lower mid).
  • Information ratio: -0.27 (bottom quartile).
  • Higher exposure to Consumer Cyclical vs peer median.
  • Top bond sector: Cash Equivalent.
  • Equity-heavy allocation (~96%).
  • Largest holding PGIM Jennison Emerging Mkts Eq USD W Acc (~98.0%).
  • Top-3 holdings concentration ~100.0%.

Below is the key information for PGIM India Euro Equity Fund

PGIM India Euro Equity Fund
Growth
Launch Date 11 Sep 07
NAV (07 Aug 25) ₹16.95 ↑ 0.11   (0.65 %)
Net Assets (Cr) ₹257 on 30 Jun 25
Category Others - Fund of Fund
AMC Pramerica Asset Managers Private Limited
Rating
Risk High
Expense Ratio 1.62
Sharpe Ratio 0.65
Information Ratio -0.27
Alpha Ratio 0.36
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jul 20₹10,000
31 Jul 21₹12,767
31 Jul 22₹8,096
31 Jul 23₹7,727
31 Jul 24₹9,295
31 Jul 25₹11,041

PGIM India Euro Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 7 Aug 25

DurationReturns
1 Month 2.4%
3 Month 12.5%
6 Month 5.7%
1 Year 25.8%
3 Year 11%
5 Year 2.1%
10 Year
15 Year
Since launch 3%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Anandha Padmanabhan Anjeneyan15 Feb 250.46 Yr.
Vivek Sharma15 Feb 250.46 Yr.

Data below for PGIM India Euro Equity Fund as on 30 Jun 25

Asset Allocation
Asset ClassValue
Cash3.95%
Equity96.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PGIM Jennison Emerging Mkts Eq USD W Acc
Investment Fund | -
98%₹252 Cr255,278
↑ 88,396
Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -
2%₹5 Cr
Net Receivables / (Payables)
Net Current Assets | -
0%₹0 Cr

2. PGIM India Global Agribusiness Offshore Fund

The primary investment objective of the scheme is to generate long-term capital growth by investing predominantly in units of overseas mutual funds, focusing on agriculture and/or would be direct and indirect beneficiaries of the anticipated growth in the agriculture and/or affiliated/allied sectors.

Research Highlights for PGIM India Global Agribusiness Offshore Fund

  • Upper mid AUM (₹1,475 Cr).
  • Established history (15+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: High.
  • 5Y return: 8.72% (lower mid).
  • 3Y return: 17.68% (upper mid).
  • 1Y return: 16.73% (upper mid).
  • 1M return: 1.65% (upper mid).
  • Alpha: -13.50 (bottom quartile).
  • Sharpe: 0.02 (bottom quartile).
  • Information ratio: 0.08 (top quartile).
  • Higher exposure to Technology vs peer median.
  • Top bond sector: Cash Equivalent.
  • Equity-heavy allocation (~98%).
  • Largest holding PGIM Jennison Global Eq Opps USD I Acc (~98.4%).
  • Top-3 holdings concentration ~100.4%.

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

PGIM India Global Agribusiness Offshore Fund
Growth
Launch Date 14 May 10
NAV (07 Aug 25) ₹44.86 ↑ 0.02   (0.04 %)
Net Assets (Cr) ₹1,475 on 30 Jun 25
Category Others - Fund of Fund
AMC Pramerica Asset Managers Private Limited
Rating
Risk High
Expense Ratio 1.55
Sharpe Ratio 0.02
Information Ratio 0.08
Alpha Ratio -13.5
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jul 20₹10,000
31 Jul 21₹13,324
31 Jul 22₹9,718
31 Jul 23₹11,567
31 Jul 24₹14,206
31 Jul 25₹15,773

PGIM India Global Agribusiness Offshore Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for PGIM India Global Agribusiness Offshore Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 7 Aug 25

DurationReturns
1 Month 1.7%
3 Month 12.4%
6 Month -2.6%
1 Year 16.7%
3 Year 17.7%
5 Year 8.7%
10 Year
15 Year
Since launch 10.4%
Historical performance (Yearly) on absolute basis
YearReturns
2024 24%
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%
Fund Manager information for PGIM India Global Agribusiness Offshore Fund
NameSinceTenure
Anandha Padmanabhan Anjeneyan15 Feb 250.46 Yr.
Vivek Sharma15 Feb 250.46 Yr.

Data below for PGIM India Global Agribusiness Offshore Fund as on 30 Jun 25

Asset Allocation
Asset ClassValue
Cash2.02%
Equity97.98%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
PGIM Jennison Global Eq Opps USD I Acc
Investment Fund | -
98%₹1,451 Cr522,659
↑ 2,579
Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -
2%₹27 Cr
Net Receivables / (Payables)
Net Current Assets | -
0%-₹3 Cr

3. 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.

Research Highlights for IDBI Nifty Index Fund

  • Bottom quartile AUM (₹208 Cr).
  • Established history (15+ yrs).
  • Rating: 1★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 11.74% (upper mid).
  • 3Y return: 20.28% (top quartile).
  • 1Y return: 16.16% (upper mid).
  • 1M return: 3.68% (top quartile).
  • Alpha: -1.03 (bottom quartile).
  • Sharpe: 1.04 (upper mid).
  • Information ratio: -3.93 (bottom quartile).

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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹14,170
31 Jul 22₹15,485

IDBI Nifty Index Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹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 7 Aug 25

DurationReturns
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
YearReturns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Fund Manager information for IDBI Nifty Index Fund
NameSinceTenure

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

Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

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.

Research Highlights for ICICI Prudential Advisor Series - Debt Management Fund

  • Bottom quartile AUM (₹115 Cr).
  • Oldest track record among peers (21 yrs).
  • Top rated.
  • Risk profile: Moderate.
  • 5Y return: 6.52% (lower mid).
  • 3Y return: 8.07% (bottom quartile).
  • 1Y return: 8.48% (lower mid).
  • 1M return: 0.27% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 1.79 (upper mid).
  • Information ratio: 0.00 (upper mid).
  • Top sector: Real Estate.
  • Higher exposure to Corporate (bond sector) vs peer median.
  • Debt-heavy allocation (~87%).
  • High-quality debt (AAA/AA ~100%).
  • Largest holding ICICI Pru All Seasons Bond Dir Gr (~39.8%).
  • Top-3 holdings concentration ~86.1%.

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 (07 Aug 25) ₹45.2854 ↑ 0.01   (0.02 %)
Net Assets (Cr) ₹115 on 30 Jun 25
Category Others - Fund of Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderate
Expense Ratio 0.67
Sharpe Ratio 1.79
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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹10,588
31 Jul 22₹10,861
31 Jul 23₹11,698
31 Jul 24₹12,613
31 Jul 25₹13,730

ICICI Prudential Advisor Series - Debt Management Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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 7 Aug 25

DurationReturns
1 Month 0.3%
3 Month 1.3%
6 Month 4.6%
1 Year 8.5%
3 Year 8.1%
5 Year 6.5%
10 Year
15 Year
Since launch 7.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Manish Banthia16 Jun 178.13 Yr.
Ritesh Lunawat29 Dec 204.59 Yr.

Data below for ICICI Prudential Advisor Series - Debt Management Fund as on 30 Jun 25

Asset Allocation
Asset ClassValue
Cash11.79%
Equity0.82%
Debt87.14%
Other0.25%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru All Seasons Bond Dir Gr
Investment Fund | -
40%₹46 Cr11,489,378
ICICI Pru Short Term Dir Gr
Investment Fund | -
33%₹38 Cr5,832,596
ICICI Pru Medium Term Bond Dir Gr
Investment Fund | -
13%₹15 Cr3,054,781
Bandhan Gov Sec Inv Dir Gr
Investment Fund | -
7%₹8 Cr2,029,560
↑ 975,605
ICICI Pru Floating Interest Dir Gr
Investment Fund | -
4%₹5 Cr103,865
ICICI Pru Savings Dir Gr
Investment Fund | -
3%₹3 Cr52,616
↑ 52,616
Treps
CBLO/Reverse Repo | -
1%₹1 Cr
Net Current Assets
Net Current Assets | -
0%₹0 Cr
ICICI Pru Const Mat Gilt Dir Gr
Investment Fund | -
₹0 Cr00
↓ -1,603,158

5. Bandhan 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.

Research Highlights for Bandhan All Seasons Bond Fund

  • Lower mid AUM (₹892 Cr).
  • Established history (20+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Moderately Low.
  • 5Y return: 5.72% (bottom quartile).
  • 3Y return: 7.21% (bottom quartile).
  • 1Y return: 8.08% (lower mid).
  • 1M return: 0.35% (lower mid).
  • Alpha: 0.00 (upper mid).
  • Sharpe: 2.09 (top quartile).
  • Information ratio: 0.00 (upper mid).
  • Top sector: Financial Services.
  • Higher exposure to Corporate (bond sector) vs peer median.
  • Conservative stance with elevated cash (~36%).
  • Largest holding Bandhan Corporate Bond Dir Gr (~60.9%).
  • Top-3 holdings concentration ~101.3%.

Below is the key information for Bandhan All Seasons Bond Fund

Bandhan All Seasons Bond Fund
Growth
Launch Date 13 Sep 04
NAV (08 Aug 25) ₹44.0679 ↑ 0.02   (0.04 %)
Net Assets (Cr) ₹892 on 30 Jun 25
Category Others - Fund of Fund
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately Low
Expense Ratio 0.51
Sharpe Ratio 2.09
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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹10,447
31 Jul 22₹10,695
31 Jul 23₹11,351
31 Jul 24₹12,180
31 Jul 25₹13,190

Bandhan All Seasons Bond Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹349,120.
Net Profit of ₹49,120
Invest Now

Returns for Bandhan 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 7 Aug 25

DurationReturns
1 Month 0.3%
3 Month 1.7%
6 Month 4.2%
1 Year 8.1%
3 Year 7.2%
5 Year 5.7%
10 Year
15 Year
Since launch 7.4%
Historical performance (Yearly) on absolute basis
YearReturns
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 Bandhan All Seasons Bond Fund
NameSinceTenure
Harshal Joshi15 Jul 169.05 Yr.

Data below for Bandhan All Seasons Bond Fund as on 30 Jun 25

Asset Allocation
Asset ClassValue
Cash35.74%
Debt64.19%
Other0.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bandhan Corporate Bond Dir Gr
Investment Fund | -
61%₹543 Cr273,243,072
↑ 132,178,103
Bandhan Arbitrage Dir Gr
Investment Fund | -
40%₹355 Cr101,011,475
↑ 49,953,165
Net Current Assets
Net Current Assets | -
1%-₹6 Cr
Triparty Repo Trp_010725
CBLO/Reverse Repo | -
0%₹1 Cr
Cash Margin - Ccil
CBLO/Reverse Repo | -
0%₹0 Cr

6. 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.

Research Highlights for ICICI Prudential Advisor Series - Conservative Fund

  • Highest AUM (₹26,858 Cr).
  • Established history (21+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 15.32% (upper mid).
  • 3Y return: 14.07% (lower mid).
  • 1Y return: 7.99% (bottom quartile).
  • 1M return: -1.46% (bottom quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.61 (lower mid).
  • Information ratio: 0.00 (lower mid).
  • Top sector: Financial Services.
  • Top bond sector: Corporate.
  • Largest holding ICICI Pru All Seasons Bond Dir Gr (~12.8%).

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 (07 Aug 25) ₹119.707 ↑ 0.16   (0.13 %)
Net Assets (Cr) ₹26,858 on 30 Jun 25
Category Others - Fund of Fund
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.35
Sharpe Ratio 0.61
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jul 20₹10,000
31 Jul 21₹12,895
31 Jul 22₹13,768
31 Jul 23₹15,814
31 Jul 24₹19,110
31 Jul 25₹20,658

ICICI Prudential Advisor Series - Conservative Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
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 7 Aug 25

DurationReturns
1 Month -1.5%
3 Month 2.6%
6 Month 5.6%
1 Year 8%
3 Year 14.1%
5 Year 15.3%
10 Year
15 Year
Since launch 12.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Sankaran Naren5 Sep 186.91 Yr.
Manish Banthia16 Jun 178.13 Yr.
Ritesh Lunawat12 Jun 232.14 Yr.
Dharmesh Kakkad28 May 187.18 Yr.

Data below for ICICI Prudential Advisor Series - Conservative Fund as on 30 Jun 25

Asset Allocation
Asset ClassValue
Cash15.41%
Equity47.88%
Debt36.45%
Other0.27%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Pru All Seasons Bond Dir Gr
Investment Fund | -
13%₹3,434 Cr858,143,681
ICICI Pru Savings Dir Gr
Investment Fund | -
7%₹1,848 Cr33,460,923
↑ 14,507,309
ICICI Pru Banking & Fin Svcs Dir Gr
Investment Fund | -
7%₹1,770 Cr115,028,219
ICICI Pru Technology Dir Gr
Investment Fund | -
6%₹1,694 Cr73,928,430
↓ -2,935,461
ICICI Pru Short Term Dir Gr
Investment Fund | -
6%₹1,674 Cr254,324,855
ICICI Pru Large & Mid Cap Dir Gr
Investment Fund | -
6%₹1,531 Cr13,568,151
↑ 2,270,098
ICICI Pru Infrastructure Dir Gr
Investment Fund | -
6%₹1,486 Cr68,754,288
↓ -9,248,220
ICICI Pru Focused Equity Dir Gr
Investment Fund | -
5%₹1,320 Cr124,471,896
ICICI Pru Innovt Dir Gr
Investment Fund | -
5%₹1,212 Cr638,788,585
ICICI Prudential Energy Opps Dir Gr
Investment Fund | -
4%₹949 Cr911,436,328
↓ -388,119,191

7. 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

Research Highlights for Kotak Asset Allocator Fund - FOF

  • Upper mid AUM (₹1,860 Cr).
  • Established history (21+ yrs).
  • Rating: 4★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 19.77% (top quartile).
  • 3Y return: 18.62% (upper mid).
  • 1Y return: 7.76% (bottom quartile).
  • 1M return: -1.98% (bottom quartile).
  • Alpha: 0.00 (lower mid).
  • Sharpe: 0.31 (bottom quartile).
  • Information ratio: 0.00 (lower mid).
  • Higher exposure to Financial Services vs peer median.
  • Top bond sector: Government.
  • Equity-heavy allocation (~76%).
  • High-quality debt (AAA/AA ~100%).
  • Largest holding Kotak Nifty PSU Bank ETF (~12.0%).

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

Kotak Asset Allocator Fund - FOF
Growth
Launch Date 9 Aug 04
NAV (07 Aug 25) ₹231.58 ↑ 0.52   (0.23 %)
Net Assets (Cr) ₹1,860 on 30 Jun 25
Category Others - Fund of Fund
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 0.94
Sharpe Ratio 0.31
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
31 Jul 20₹10,000
31 Jul 21₹13,811
31 Jul 22₹14,799
31 Jul 23₹18,318
31 Jul 24₹23,680
31 Jul 25₹25,129

Kotak Asset Allocator Fund - FOF SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
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 7 Aug 25

DurationReturns
1 Month -2%
3 Month 4.2%
6 Month 5.3%
1 Year 7.8%
3 Year 18.6%
5 Year 19.8%
10 Year
15 Year
Since launch 16.1%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Abhishek Bisen15 Nov 213.71 Yr.
Devender Singhal9 May 196.23 Yr.

Data below for Kotak Asset Allocator Fund - FOF as on 30 Jun 25

Asset Allocation
Asset ClassValue
Cash6.68%
Equity76.01%
Debt11.6%
Other5.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Kotak Nifty PSU Bank ETF
- | -
12%₹223 Cr3,097,000
↑ 665,000
Kotak Consumption Dir Gr
Investment Fund | -
11%₹203 Cr146,659,548
Kotak Infra & Econ Reform Dir Gr
Investment Fund | -
10%₹194 Cr24,607,551
Kotak Nifty IT ETF
- | -
9%₹161 Cr38,200,000
↑ 25,700,000
Kotak Nifty 50 ETF
- | -
8%₹154 Cr5,517,500
Kotak Gilt Inv Growth - Direct
Investment Fund | -
7%₹137 Cr12,634,309
iShares NASDAQ 100 ETF USD Acc
- | -
6%₹114 Cr10,300
Kotak Bond Dir Gr
Investment Fund | -
6%₹111 Cr12,869,186
Kotak Gold ETF
- | -
6%₹108 Cr13,370,000
↓ -2,070,000
Kotak Quant Dir Gr
Investment Fund | -
6%₹106 Cr70,592,506

Advantages of Fund of Funds

Like every mutual fund, fund of funds also has numerous advantages. Some of them are:

1. Portfolio Diversification and Fund Allocation

One of the key primary benefits is portfolio diversification. Here, despite investing in one single fund, the investment is made in several mutual fund schemes, where the fund is allocated in an optimal manner with the aim to earn maximum returns at a given level of risk.

2. Gateway for Diversified Assets

Multi-management investment helps retail investors to get access to funds that are not easily available for investments. A single fund of fund can take exposure in turn to Equity Funds, Debt fund or even commodity based mutual funds. This ensures diversification for the retail investor by just getting into one Mutual fund.

3. Due Diligence Process

All the funds under this category are expected to follow a due diligence process conducted by the fund manager where they need to check the background and credentials of the underlying fund managers before making an investment to ensure the strategy is in-line with expectations.

4. Less Investment Amount

This is a good option for retail investors who wish to venture into this investment avenue with a lower ticket size.

How Does a Fund of Fund Works?

For understanding the modalities of how multi-manager investment functions, it is important to understand the concepts of fettered and unfettered management. Fettered management is a situation when the mutual fund invests its money in a portfolio containing assets and funds managed by its own company. In other words, the money is invested in the funds of the same asset management company. In contrast, unfettered management is a situation where the mutual fund invests in external funds managed by other Asset Management Companies. Unfettered funds have an advantage over fettered funds as they can exploit opportunities from numerous funds and other schemes instead of limiting themselves to the same family funds.

Why Choose Fund of Funds?

The following image gives clarity on how multi-management investment can help an individual instead of a simple mutual fund to achieve their objectives.

Why-choose-funds-of-funds

Though multi-management investment has a lot of benefits associated with it, one of the important factors that one needs to be aware of is the fee associated with it. Investors should be aware of any charges or expenses that a mutual fund will attract and make their investments accordingly. Therefore, in a nutshell, it can be concluded fund of funds is an ideal investment option for investors who seek to enjoy a hassle free investment in mutual funds.

How to Invest in FOF Mutual Funds Online?

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

  2. Complete your Registration and KYC Process

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

    Get Started

FAQs

1. What is the most significant advantage of FOFs?

A: The most significant advantage of FOFs is that it diversifies your investment and ensures good returns. If you are planning to diversify your investment portfolio, it is good to invest in FOFs. It reduces your risk and ensures that you enjoy good returns on your investments.

2. What are the different types of FOFs?

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

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

Each of the FOF has unique features. For example, in gold funds you will invest in gold ETF and in multi-managers FOFs you will invest in different types of mutual funds.

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

A: FOFs are mutual funds, hence, when you invest you should consider your risk taking capacity and the amount of money you want to invest. The percentage of returns you expect in the given time will give you an idea of your capacity to take risks. Based on that, you should evaluate the money you want to invest. Your financial condition should also help you decide how much money you should invest in FOFs.

Once you have assessed these two factors, select a particular FOF and start investing.

4. Which FOF has shown the best returns?

A: Gold FOFs are considered one of the most secure investments. These are like gold ETFs, and when you invest in gold FOF, it is like investing in physical gold without the added issues like paying GST, Sales Tax, or wealth tax. This investment is secure as gold price never falls extensively compared to the market and hence, produces good returns. Thus, often gold FOF is considered one of the best and safest investments.

5. Is there any commonest FOFs?

A: The Exchange Traded Funds or the ETFs are the most popular FOFs as investing in these funds is the easiest. All you need to do is open a Demat account to trade in ETFs, and there are no limitations as to the amount of money you can invest in ETFs.

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

A: It is taxable. As an investor, you will have to pay tax on the principal amount when you redeem your investment. If you invest in FOF for the short-term, you will have to pay Taxes on the principal and the returns. However, dividend earned is not taxable as the fund house bears the taxes.

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

A: Different FOFs have different investment periods. However, if you want to earn maximum returns, you must invest in FOFs for a reasonably long time.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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