Fund of Funds (FoF), often dubbed the “super fund,” is a distinctive mutual fund category providing investors with a streamlined approach to diversify their investments. Instead of direct engagement with stocks or instruments, investors benefit from a single investment channel into a portfolio of various mutual funds.
While mutual funds typically invest directly in various securities, FoFs take a unique approach by investing in other mutual funds. Fund managers, in the FoF landscape, can opt for a single fund or multiple funds from different houses, shaping the overall investment strategy. For instance, the ICICI Prudential Debt Management Fund (FOF) exemplifies this by investing in its own mutual funds and those of different fund houses.
The tables below present the leading 10 Fund of Funds (FoFs) both internationally and domestically, ranked by Returns Over 1 Year. Key information includes Assets Under Management (AUM), Fund Manager details, Net Asset Value (NAV), Expense Ratios, Standard Deviation, and Sharpe Ratios, offering investors comprehensive insights into the performance and management of these top-performing FoFs.
Sr No | Funds | Fund Manager | AUM (Rs crore) | NAV | 52 WeekHigh (NAV) | 52 WeekLow (NAV) |
1 | ICICI Pru Bharat 22 FOF-(G) | Kayzad Eghlim | 321 | 25.19 | 25.19 | 16.3 |
2 | ICICI Pru Nifty Alpha Low – Volatility 30 ETF FOF(G) | Kayzad Eghlim | 265 | 12.37 | 12.37 | 9.11 |
3 | ICICI Pru India Equity (FOF)(G) | Dharmesh Kakkad | 79 | 22.75 | 22.75 | 16.96 |
4 | Nippon India Asset Allocator FoF-Reg(G) | Sushil Budhia | 184.3 | 16.4 | 16.4 | 12.82 |
5 | Mirae Asset Nifty India Manufacturing ETF FoF-Reg(G) | Ekta Gala | 53.3 | 13.37 | 13.37 | 9.87 |
6 | Tata Nifty India Digital ETF FoF-Reg(G) | Meeta Shetty | 38.3 | 11.13 | 11.18 | 8.11 |
7 | ICICI Pru Passive Strategy Fund(FOF)(G) | Sankaran Naren | 118.3 | 128.05 | 128.05 | 98.98 |
8 | ICICI Pru Thematic Advantage Fund(FOF)(G) | Sankaran Naren | 1,269.80 | 167.43 | 167.43 | 130.59 |
9 | HDFC Dynamic PE Ratio FOF-Reg(G) | Srinivasan Ramamurthy | 39.8 | 34.25 | 34.25 | 27.89 |
10 | Aditya Birla SL Multi-Index FoF-Reg(G) | Vinod Narayan Bhat | 9.1 | 12.25 | 12.25 | 9.88 |
Sr No | Funds | Fund Manager | AUM (Rs crore) | NAV | 52 WeekHigh (NAV) | 52 WeekLow (NAV) |
1 | Mirae Asset NYSE FANG+ETF FoF-Reg(G) | Ekta Gala | 995.9 | 14.37 | 14.57 | 7.7 |
2 | Edelweiss US Technology Equity FOF-Reg(G) | Bhavesh Jain | 2016.6 | 19.13 | 19.21 | 12.09 |
3 | Mirae Asset Global X Artificial Intelligence & Technology ETF FoF-Reg(G) | Siddharth Srivastava | 174.8 | 14.39 | 14.65 | 9.55 |
4 | Motilal Oswal Nasdaq 100 FOF-Reg(G) | Swapnil P Mayekar | 3813 | 26.94 | 27.24 | 18.21 |
5 | Navi NASDAQ 100 FoF-Reg(G) | Aditya Mulki | 670.8 | 11.65 | 11.83 | 7.83 |
6 | Kotak NASDAQ 100 FoF-Reg(G) | Arjun Khanna | 2387.9 | 13.27 | 13.41 | 8.96 |
7 | Aditya Birla SL NASDAQ 100 FOF-Reg(G) | Dhaval Joshi | 278.3 | 10.79 | 10.9 | 7.31 |
8 | Invesco India – Invesco EQQQ NASDAQ-100 ETF FoF-Reg(G) | Amit Nigam | 304.4 | 12.35 | 12.45 | 8.37 |
9 | Axis NASDAQ 100 FoF-Reg(G) | Vinayak Jayanath | 115.7 | 14.1 | 14.24 | 9.64 |
10 | DSP Global Innovation FoF-Reg(G) | Jay Kothari | 539 | 11.31 | 11.46 | 7.93 |
In conclusion, the Fund of Funds landscape emerges as a powerful tool for investors seeking diversification and multi-manager exposure. While tax considerations add a layer of complexity, the benefits of risk mitigation and portfolio optimization make FoFs a compelling option in the ever-evolving financial landscape.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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