Synopsis
The popularity of these funds owes to their ability to provide exposure to new age companies working on disruptive technology such as artificial intelligence, cloud computing, block chain, and clean energy.
ET Intelligence Group: Fund of funds (FoF) that invest overseas are gaining popularity among domestic investors, depicts the trend in their assets under management (AUM) and folio additions. Their AUM has grown by nearly 10 times over the past two years to Rs 21,126 crore at the end of September 2021 according to the data from Association of Mutual Funds in India (AMFI). The AUM of the total mutual fund industry grew by 1.5 times during the
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