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FUND OF FUNDS – In Detailed Version

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FUND OF FUNDS

Fund of Funds – Let’s Begin 

Fund of Funds is a mutual fund scheme that utilizes its pool of resources to invest in different kinds of mutual funds that are available in the market. As an alternate. Investment in hedge funds can be made with this mutual fund. These funds have portfolios with a vary degree of risks, clearly depending on the main aim/objective of the manager.  

Fund of Funds – Who Should Invest? 

The aim of funds of fund is to maximize returns by investing in a diversified portfolio creating minimal risk. Also, individuals with access to a small way-out pool of financial resources which they can spare for some time-period can opt for fund of funds.  

Things to Consider  

Here: 

  • Fund of funds operates in the long-run, therefore, locking-up your investment for a considerable period is recommended.  
  • Although, the risk factor is minimum, but better to take care as there are always fluctuations in the market.  

Top 5 Recommended Fund of Funds as per Gulaq 

Here: 

  • PGIM India Global Equity Opportunities FundIt is a others mutual fund scheme that was launched by DHFL Pramerica mutual fund. Later on, it was introduced on 8th Han 2013 to its investors. Currently, the fund is managed by Alok Agrawal. Talking about AUM, it is of INR 49 Cr, and, the latest NAV is of 22.99 (dated as of 6th March 2020). The fund growth is rated high risk. Also, the minimum SIP investment is INR 500, and, lumpsum investment is INR 5000.  
  • ICICI Prudential Asset Allocation Fund: It is a others mutual fund scheme that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 18th Dec 2003 to its investors. Currently, the fund is managed by Manish Banthia, and Mrinal Singh. Talking about AUM, it is of INR 6941, and, the latest NAV is of 58.95 (dated as of 6th March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.  
  • Kotak Asset Allocator Fund: It is a others mutual fund scheme that was launched by Kotak Mahindra mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Deepak Gupta. Talking about AUM, it is of INR 49 CR, and, the latest NAV is of INR 90.22 (dated as of 6th March 2020). The fund growth is rated moderately high risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.  
  • IDFC All Seasons Bond FundIt is a others mutual fund scheme that was launched by IDFC mutual fund. Later on, it was introduced on 1st Jan 2013 to its investors. Currently, the fund is managed by Harshal Joshi. Talking about AUM, it is of INR 147 Cr, and, the latest NAV is of 15.82 (dared as of 6th March 2020). The fund growth is rated moderately low risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.  
  • ICICI Prudential Debt Management FundIt is a others mutual fund scheme that was launched by ICICI Prudential mutual fund. Later on, it was introduced on 3rd Jan 2013 to its investors. Currently, the fund is managed by Manish Banthia. Talking about AUM, it is of INR 200 Cr, and, the latest NAV is INR 32.51 (dated as of 6th March 2020). The fund growth is rated moderate risk. Also, the minimum SIP investment is INR 1000, and, lumpsum investment is INR 5000.  

Looking to invest? Hop on to gulaq.com and start investing in direct mutual funds. Furthermore, you can also get in touch: [email protected]

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*Disclaimer: investment in securities market are subject to market risks, read all the related documents carefully before investing

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