Fund of fund schemes rake in big money after Budget boost

September 19, 2024

Ease of investing, automatic asset allocation, and favorable long-term capital gains taxation are attracting investors to fund of fund (FoF) schemes. Data from AMFI shows inflows of ₹1,008 crore in August, reversing previous outflows. FoFs invest in a mix of mutual fund schemes rather than directly in stocks or bonds, simplifying investment decisions for many.

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