Investment word of the day: Fund of funds —what is FoF and how does it work? Types, advantages and more | Mint
A Fund of Funds (FoF) allows investors to make a single investment while giving them access to a diversified portfolio across multiple securities. It invests in multiple mutual funds, allowing investors to diversify their portfolios and distribute risks. What is a Fund of Funds? The Association of Mutual Funds in India (AMFI) defines FoF as … Read more