
In fund of funds, an investor instead of directly investing in shares, invests in fund that further invests in other mutual funds

New Fund Offer opened on September 28 and closes on October 12, 2021

The NFO opens on September 24, 2021, and will close on September 30, 2021

A particular FoF may invest in schemes managed by the same fund house or by another fund house

HDFC Developed World Indexes Fund of Funds aims to invest in 23 developed markets
Fund of Funds creates a solution for those investors who cannot decide which mutual fund is right for them.

Kavitha Krishnan, Senior Analyst Manager Research, Morningstar India, said expenses are closely regulated by Sebi when it comes to FoF structures

US equities can be an excellent option to an investor's portfolio due to their low correlation to Indian equities

With the launch of Axis Global Innovation FoF, investors will have a new option to invest in foreign markets