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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
- 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
- 1. What is the most significant advantage of FOFs?
- 2. What are the different types of FOFs?
- 3. What are the parameters to consider while investing in FOFs?
- 4. Which FOF has shown the best returns?
- 5. Is there any commonest FOFs?
- 6. What is one of the most critical limitations of FOF?
- 7. Do FOFs have a long lock-in period?
Top 7 Funds
7 Best Fund of Funds in India 2025
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 (%) PGIM India Euro Equity Fund Growth ₹16.13
↑ 0.08 ₹95 6.4 11.9 20 2.2 1.6 20.6 PGIM India Global Agribusiness Offshore Fund Growth ₹46.15
↓ -0.16 ₹1,456 9 10.1 17.9 14.5 15.4 24 IDBI Nifty Index Fund Growth ₹36.2111
↓ -0.02 ₹208 9.1 11.9 16.2 20.3 11.7 ICICI Prudential Advisor Series - Hybrid Fund Growth ₹60.4111
↑ 0.01 ₹268 0.9 2.7 10.9 11 10.5 12.3 Kotak Asset Allocator Fund - FOF Growth ₹213.015
↓ -0.42 ₹1,634 -1.5 -2.2 10.2 16.8 19.1 19 ICICI Prudential Advisor Series - Conservative Fund Growth ₹111.144
↓ -0.06 ₹23,854 -0.4 -0.3 9.2 12.3 13.5 13.5 ICICI Prudential Advisor Series - Debt Management Fund Growth ₹43.3717
↑ 0.01 ₹113 1.8 3.7 8.2 6.9 6.6 8.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Feb 25 Assets >= 50 Crore & Sorted based on 1 year Return.
(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 Below is the key information for PGIM India Euro Equity Fund Returns up to 1 year are on The primary investment objective of the scheme is to generate long-term capital growth by investing predominantly in units of overseas mutual funds, focusing on
agriculture and/or would be direct and indirect beneficiaries of the anticipated growth in the agriculture and/or affiliated/allied sectors. PGIM India Global Agribusiness Offshore Fund is a Others - Fund of Fund fund was launched on 14 May 10. It is a fund with High risk and has given a Below is the key information for PGIM India Global Agribusiness Offshore Fund Returns up to 1 year are on 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 Below is the key information for IDBI Nifty Index Fund Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Advisor Series - Hybrid Fund Returns up to 1 year are on The investment objective of the scheme is to generate long-term capital appreciation from a portfolio created by investing in
specified open-ended equity, and debt schemes of Kotak Mahindra Mutual Fund. However, there is no assurance that the investment objective of the Scheme will be realized Kotak Asset Allocator Fund - FOF is a Others - Fund of Fund fund was launched on 9 Aug 04. It is a fund with Moderately High risk and has given a Below is the key information for Kotak Asset Allocator Fund - FOF Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Advisor Series - Conservative Fund Returns up to 1 year are on (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 Below is the key information for ICICI Prudential Advisor Series - Debt Management Fund Returns up to 1 year are on 1. PGIM India Euro Equity Fund
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% . PGIM India Euro Equity Fund
Growth Launch Date 11 Sep 07 NAV (18 Feb 25) ₹16.13 ↑ 0.08 (0.50 %) Net Assets (Cr) ₹95 on 31 Jan 25 Category Others - Fund of Fund AMC Pramerica Asset Managers Private Limited Rating ☆☆ Risk High Expense Ratio 1.62 Sharpe Ratio 1.54 Information Ratio -0.35 Alpha Ratio 8.78 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 Jan 20 ₹10,000 31 Jan 21 ₹13,144 31 Jan 22 ₹10,715 31 Jan 23 ₹8,334 31 Jan 24 ₹8,786 31 Jan 25 ₹10,756 Returns for PGIM India Euro Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Feb 25 Duration Returns 1 Month 4.1% 3 Month 6.4% 6 Month 11.9% 1 Year 20% 3 Year 2.2% 5 Year 1.6% 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 Chetan Gindodia 29 Mar 24 0.84 Yr. Data below for PGIM India Euro Equity Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 5.22% Equity 94.78% Top Securities Holdings / Portfolio
Name Holding Value Quantity PGIM Jennison Emerging Mkts Eq USD W Acc
Investment Fund | -98% ₹95 Cr 104,198
↓ -535 Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -2% ₹2 Cr Net Receivables / (Payables)
Net Current Assets | -0% ₹0 Cr 2. PGIM India Global Agribusiness Offshore Fund
CAGR/Annualized return of 10.9% since its launch. Ranked 33 in Fund of Fund category. Return for 2024 was 24% , 2023 was 39.5% and 2022 was -33.8% . PGIM India Global Agribusiness Offshore Fund
Growth Launch Date 14 May 10 NAV (18 Feb 25) ₹46.15 ↓ -0.16 (-0.35 %) Net Assets (Cr) ₹1,456 on 31 Jan 25 Category Others - Fund of Fund AMC Pramerica Asset Managers Private Limited Rating ☆ Risk High Expense Ratio 1.55 Sharpe Ratio 1.03 Information Ratio -0.21 Alpha Ratio -4.4 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 Jan 20 ₹10,000 31 Jan 21 ₹16,514 31 Jan 22 ₹15,056 31 Jan 23 ₹12,755 31 Jan 24 ₹17,146 31 Jan 25 ₹20,965 Returns for PGIM India Global Agribusiness Offshore Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Feb 25 Duration Returns 1 Month 4.1% 3 Month 9% 6 Month 10.1% 1 Year 17.9% 3 Year 14.5% 5 Year 15.4% 10 Year 15 Year Since launch 10.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Chetan Gindodia 29 Mar 24 0.84 Yr. Data below for PGIM India Global Agribusiness Offshore Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 2.2% Equity 97.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity PGIM Jennison Global Eq Opps USD I Acc
Investment Fund | -98% ₹1,326 Cr 492,431
↓ -2,139 Clearing Corporation Of India Ltd.
CBLO/Reverse Repo | -2% ₹27 Cr Net Receivables / (Payables)
Net Current Assets | -0% -₹4 Cr 3. IDBI Nifty Index Fund
CAGR/Annualized return of 10.3% since its launch. Ranked 83 in Index Fund category. . 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 Jan 20 ₹10,000 31 Jan 21 ₹11,376 31 Jan 22 ₹14,393 31 Jan 23 ₹14,714 Returns for IDBI Nifty Index Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Feb 25 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 4. ICICI Prudential Advisor Series - Hybrid Fund
CAGR/Annualized return of 8.9% since its launch. Return for 2024 was 12.3% , 2023 was 14.4% and 2022 was 6.7% . ICICI Prudential Advisor Series - Hybrid Fund
Growth Launch Date 18 Dec 03 NAV (18 Feb 25) ₹60.4111 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹268 on 31 Jan 25 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 1.06 Sharpe Ratio 1.28 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 31 Jan 20 ₹10,000 31 Jan 21 ₹10,892 31 Jan 22 ₹12,070 31 Jan 23 ₹12,855 31 Jan 24 ₹14,821 31 Jan 25 ₹16,565 Returns for ICICI Prudential Advisor Series - Hybrid Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Feb 25 Duration Returns 1 Month 0.2% 3 Month 0.9% 6 Month 2.7% 1 Year 10.9% 3 Year 11% 5 Year 10.5% 10 Year 15 Year Since launch 8.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 12.3% 2023 14.4% 2022 6.7% 2021 10.8% 2020 9.2% 2019 8.6% 2018 6.4% 2017 5.8% 2016 9.6% 2015 3% Fund Manager information for ICICI Prudential Advisor Series - Hybrid Fund
Name Since Tenure Manish Banthia 16 Jun 17 7.63 Yr. Ritesh Lunawat 29 Dec 20 4.09 Yr. Dharmesh Kakkad 28 May 18 6.69 Yr. Sharmila D’mello 13 May 24 0.72 Yr. Masoomi Jhurmarvala 4 Nov 24 0.24 Yr. Data below for ICICI Prudential Advisor Series - Hybrid Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 31.42% Equity 15.67% Debt 52.77% Other 0.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru Short Term Dir Gr
Investment Fund | -57% ₹152 Cr 24,284,437 ICICI Pru Equity Savings Dir Gr
Investment Fund | -32% ₹87 Cr 37,583,358
↓ -450,000 ICICI Pru Exports and Services Dir Gr
Investment Fund | -11% ₹29 Cr 1,727,749 Treps
CBLO/Reverse Repo | -0% ₹1 Cr Net Current Assets
Net Current Assets | -0% ₹0 Cr 5. Kotak Asset Allocator Fund - FOF
CAGR/Annualized return of 16.1% since its launch. Ranked 17 in Fund of Fund category. Return for 2024 was 19% , 2023 was 23.4% and 2022 was 11.3% . Kotak Asset Allocator Fund - FOF
Growth Launch Date 9 Aug 04 NAV (18 Feb 25) ₹213.015 ↓ -0.42 (-0.20 %) Net Assets (Cr) ₹1,634 on 31 Jan 25 Category Others - Fund of Fund AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 0.94 Sharpe Ratio 1.22 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 Jan 20 ₹10,000 31 Jan 21 ₹12,327 31 Jan 22 ₹15,197 31 Jan 23 ₹16,915 31 Jan 24 ₹21,399 31 Jan 25 ₹24,669 Returns for Kotak Asset Allocator Fund - FOF
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Feb 25 Duration Returns 1 Month -2.4% 3 Month -1.5% 6 Month -2.2% 1 Year 10.2% 3 Year 16.8% 5 Year 19.1% 10 Year 15 Year Since launch 16.1% 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 3.21 Yr. Devender Singhal 9 May 19 5.74 Yr. Data below for Kotak Asset Allocator Fund - FOF as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 5.02% Equity 59.07% Debt 21.99% Other 13.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity Kotak Gold ETF
- | -14% ₹232 Cr 35,985,000 Kotak Gilt-Investment Growth - Direct
Investment Fund | -12% ₹203 Cr 19,261,359 Kotak Bond Dir Gr
Investment Fund | -11% ₹175 Cr 21,279,938 Kotak Consumption Dir Gr
Investment Fund | -10% ₹156 Cr 113,983,817 Kotak Infra & Econ Reform Dir Gr
Investment Fund | -9% ₹146 Cr 18,399,092 Kotak Nifty PSU Bank ETF
- | -9% ₹143 Cr 2,190,000 iShares NASDAQ 100 ETF USD Acc
- | -7% ₹107 Cr 10,300 Kotak Quant Dir Gr
Investment Fund | -6% ₹104 Cr 70,592,506 Kotak Manufacture in India Dir Gr
Investment Fund | -5% ₹79 Cr 41,081,682 Kotak India EQ Contra Dir Gr
Investment Fund | -5% ₹76 Cr 4,460,689 6. ICICI Prudential Advisor Series - Conservative Fund
CAGR/Annualized return of 12% since its launch. Return for 2024 was 13.5% , 2023 was 18.2% and 2022 was 8.2% . ICICI Prudential Advisor Series - Conservative Fund
Growth Launch Date 18 Dec 03 NAV (18 Feb 25) ₹111.144 ↓ -0.06 (-0.05 %) Net Assets (Cr) ₹23,854 on 31 Jan 25 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.35 Sharpe Ratio 1.12 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 Jan 20 ₹10,000 31 Jan 21 ₹11,324 31 Jan 22 ₹13,298 31 Jan 23 ₹14,318 31 Jan 24 ₹17,118 31 Jan 25 ₹19,155 Returns for ICICI Prudential Advisor Series - Conservative Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Feb 25 Duration Returns 1 Month -1.1% 3 Month -0.4% 6 Month -0.3% 1 Year 9.2% 3 Year 12.3% 5 Year 13.5% 10 Year 15 Year Since launch 12% 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 6.33 Yr. Manish Banthia 16 Jun 17 7.55 Yr. Ritesh Lunawat 12 Jun 23 1.56 Yr. Dharmesh Kakkad 28 May 18 6.6 Yr. Data below for ICICI Prudential Advisor Series - Conservative Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 12.24% Equity 39.74% Debt 42.7% Other 5.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru All Seasons Bond Dir Gr
Investment Fund | -12% ₹2,869 Cr 754,316,852 ICICI Pru Savings Dir Gr
Investment Fund | -11% ₹2,549 Cr 48,182,974
↑ 7,586,863 ICICI Pru Banking & Fin Svcs Dir Gr
Investment Fund | -8% ₹1,977 Cr 147,356,241
↑ 7,438,997 ICICI Pru Short Term Dir Gr
Investment Fund | -7% ₹1,640 Cr 262,025,065 ICICI Pru Technology Dir Gr
Investment Fund | -6% ₹1,320 Cr 55,914,056
↑ 10,471,119 ICICI Pru Floating Interest Dir Gr
Investment Fund | -5% ₹1,213 Cr 27,346,149
↓ -6,775,011 ICICI Pru Gold ETF
- | -5% ₹1,172 Cr 177,497,620
↓ -26,400,000 ICICI Pru Infrastructure Dir Gr
Investment Fund | -4% ₹1,065 Cr 53,161,059 ICICI Pru Innovt Dir Gr
Investment Fund | -4% ₹1,054 Cr 594,032,378 ICICI Pru Gilt Dir Gr
Investment Fund | -4% ₹1,041 Cr 98,690,415 7. ICICI Prudential Advisor Series - Debt Management Fund
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% . ICICI Prudential Advisor Series - Debt Management Fund
Growth Launch Date 18 Dec 03 NAV (18 Feb 25) ₹43.3717 ↑ 0.01 (0.02 %) Net Assets (Cr) ₹113 on 31 Jan 25 Category Others - Fund of Fund AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆ Risk Moderate Expense Ratio 0.67 Sharpe Ratio 1.57 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 Jan 20 ₹10,000 31 Jan 21 ₹10,908 31 Jan 22 ₹11,323 31 Jan 23 ₹11,833 31 Jan 24 ₹12,753 31 Jan 25 ₹13,798 Returns for ICICI Prudential Advisor Series - Debt Management Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Feb 25 Duration Returns 1 Month 0.7% 3 Month 1.8% 6 Month 3.7% 1 Year 8.2% 3 Year 6.9% 5 Year 6.6% 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 7.64 Yr. Ritesh Lunawat 29 Dec 20 4.1 Yr. Data below for ICICI Prudential Advisor Series - Debt Management Fund as on 31 Jan 25
Asset Allocation
Asset Class Value Cash 9.69% Equity 0.11% Debt 89.96% Other 0.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Pru All Seasons Bond Dir Gr
Investment Fund | -38% ₹44 Cr 11,489,378 ICICI Pru Short Term Dir Gr
Investment Fund | -32% ₹36 Cr 5,832,596 ICICI Pru Medium Term Bond Dir Gr
Investment Fund | -12% ₹14 Cr 3,054,781 ICICI Pru Const Mat Gilt Dir Gr
Investment Fund | -8% ₹9 Cr 3,887,105 ICICI Pru Floating Interest Dir Gr
Investment Fund | -5% ₹6 Cr 139,373 HDFC Nifty G- Sec Jun 2027 Index Dir Gr
Investment Fund | -2% ₹2 Cr 1,759,375 HDFC Ultra S/T Fund Dir Gr
Investment Fund | -2% ₹2 Cr 1,195,734
↓ -1,076,304 Treps
CBLO/Reverse Repo | -1% ₹1 Cr Net Current Assets
Net Current Assets | -0% -₹1 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.
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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