FOF

Here is a list of popular Fund of Funds (FoF) available in India, categorized by their investment objective.

Please note that these funds generally have higher expense ratios because they have a double layer of fees (fee for the FoF manager + fees for the underlying funds), and they are taxed according to your income tax slab rate regardless of the holding period.

1. International Equity FoFs

These allow you to invest in foreign markets without a Demat account.

Fund Name	Target Market
Motilal Oswal Nasdaq 100 FoF	US Technology Stocks
Navi Nasdaq 100 FoF	US Technology Stocks
Mirae Asset NYSE FANG+ ETF FoF	US Big Tech (Meta, Apple, Amazon, etc.)
Edelweiss US Technology Equity FoF	US Technology Sector
Axis Global Equity Alpha FoF	Global Equities
Franklin Asian Equity Fund	Asian Markets

2. Commodity FoFs

These provide exposure to gold or silver without the need to store physical assets.

Fund Name	Target Asset
ICICI Prudential Gold ETF FoF	Physical Gold
HDFC Gold Fund	Physical Gold
Kotak Gold Fund	Physical Gold
Nippon India Silver ETF FoF	Physical Silver

3. Asset Allocation / Multi-Asset FoFs

These invest in a mix of equity, debt, and commodities to reduce risk.

Fund Name	Focus
Kotak Multi Asset Omni FoF	Diversified Equity, Debt, Gold
Nippon India Multi Asset Omni FoF	Diversified Equity, Debt, Gold
ICICI Pru Thematic Advantage FoF	Various Thematic Funds

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Important Checklist for the Common Man

• No Demat Needed: You can buy these directly through mutual fund platforms (Groww, Zerodha Coin, AMC websites) using your bank account.
• Fees: Look for the “Direct Plan” to reduce the expense ratio slightly compared to “Regular Plans.”
• SIP: You can start investing with as little as ₹500 – ₹1,000 per month.

Disclaimer

Investment in Mutual Funds is subject to market risks. The information provided in this blog is for educational and informational purposes only and should not be considered as financial advice.

• No Guarantee of Returns: Past performance of any Fund of Funds (FoF) or underlying ETF is not indicative of future results. International markets and commodity prices can be highly volatile.
• Taxation Laws: Tax rules in India are subject to change by the government. The information regarding taxation is based on laws applicable as of March 2026. Please consult with a certified financial advisor or tax consultant regarding your personal tax liability.
• Fees and Charges: FoFs often have a higher expense ratio due to a double layer of fees (fund management fees at both the FoF level and the underlying scheme level).
• Currency Risk: For international FoFs, returns are impacted by exchange rate fluctuations between the Indian Rupee (INR) and the foreign currency (e.g., USD, EUR).