The 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget 2024.
The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months.
FoFs typically deploy the pooled capital in one or multiple MF schemes rather than investing directly into equities, debt or commodities.
Currently, there are 84 domestic FoFs, with a majority of them being feeder funds of exchange-traded funds (ETFs). These FoFs invest in their respective ETFs.
This story is from the September 18, 2024 edition of Business Standard.
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This story is from the September 18, 2024 edition of Business Standard.
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