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3 Year Average Returns
19.22%
Funds on Dhan
221
Fund of Funds (FoFs) are a type of mutual fund that invests in other mutual funds rather than directly buying stocks, bonds or other securities. By investing in a FoF, you gain diversified exposure across multiple asset classes and fund managers in one single scheme. This makes FoFs suitable if you want a thoughtfully blended portfolio without having to pick and monitor each underlying fund yourself. While these are the best Fund of Funds to invest in, you must know these 3 things before you start investing:
- Goal: FoFs aim to simplify diversification. Instead of choosing individual funds yourself, you rely on the FoF manager to select a mix that meets the fund's objective - whether it's growth, income or capital preservation.
- Investment Horizon: FoFs work well when you can stay invested for at least 3–5 years. This gives the underlying funds time to perform through various market cycles and smooth out short-term fluctuations.
- Risk: Although FoFs offer broad diversification, you pay an extra layer of fees (for both the FoF and its underlying funds). Also, because you're exposed to multiple strategies, you may still see volatility if several underlying funds underperform at the same time.
Best Fund of Funds to Invest in 2026
Note: 3Y & 5Y returns are annualised. Rest everything is absolute.
Scheme | AUM (in Cr.) | Fund Age | 1W | 1M | 3M | 6M | 1Y | 3Y  | 5Y |
|---|---|---|---|---|---|---|---|---|---|
Compare | ₹ 3,085 | 5 Yrs | -9.47% | -10.51% | 14.68% | 22.63% | 25.28% | 52.79% | 30.55% |
Compare | ₹ 1,665 | 13 Yrs | -5.33% | -10.68% | 4.13% | -10.50% | 21.30% | 47.58% | 25.32% |
Compare | ₹ 1,031 | 5 Yrs | -3.79% | -6.10% | 22.21% | 23.42% | 33.29% | 43.58% | 25.93% |
Compare | ₹ 1,253 | 4 Yrs | -4.17% | -15.48% | -14.85% | -23.18% | 25.76% | 35.85% | 0.00% |
Compare | ₹ 965 | 3 Yrs | -4.00% | -15.51% | -14.86% | -23.44% | 26.04% | 35.84% | 0.00% |
Compare | ₹ 634 | 3 Yrs | -4.01% | -15.66% | -15.04% | -23.57% | 25.44% | 35.76% | 0.00% |
Compare | ₹ 4,497 | 4 Yrs | -3.95% | -15.48% | -14.89% | -23.67% | 25.35% | 35.66% | 0.00% |
Compare | ₹ 6,180 | 4 Yrs | -4.06% | -15.60% | -14.99% | -23.49% | 25.46% | 35.63% | 0.00% |
Compare | ₹ 1,230 | 4 Yrs | -3.95% | -15.50% | -14.94% | -23.47% | 24.98% | 35.49% | 0.00% |
Compare | ₹ 4,354 | 4 Yrs | -3.96% | -15.53% | -15.00% | -23.54% | 24.98% | 35.43% | 0.00% |
Compare | ₹ 486 | 4 Yrs | -7.41% | -9.93% | -5.69% | 4.64% | 24.06% | 35.01% | 0.00% |
Compare | ₹ 307 | 4 Yrs | -4.23% | -0.20% | 9.35% | 4.54% | 54.68% | 34.45% | 0.00% |
Compare | ₹ 3,204 | 4 Yrs | -2.16% | -9.71% | -7.55% | -14.34% | 23.23% | 34.21% | 0.00% |
Compare | ₹ 8,032 | 7 Yrs | -1.22% | -9.25% | -7.82% | -3.44% | 20.63% | 33.64% | 19.64% |
Compare | ₹ 2,821 | 4 Yrs | -1.78% | -7.99% | -5.72% | -11.64% | 18.30% | 31.74% | 0.00% |
Compare | ₹ 1,515 | 4 Yrs | -0.80% | -4.41% | -0.89% | -5.09% | 16.55% | 31.32% | 0.00% |
Compare | ₹ 570 | 15 Yrs | -0.62% | -4.12% | -0.64% | -4.95% | 16.79% | 31.16% | 23.27% |
Compare | ₹ 1,805 | 13 Yrs | -0.74% | -4.31% | -0.87% | -5.21% | 16.50% | 31.08% | 23.26% |
Compare | ₹ 507 | 13 Yrs | -0.29% | -3.56% | 0.21% | -3.63% | 17.68% | 31.04% | 23.22% |
Compare | ₹ 7,067 | 13 Yrs | -0.54% | -3.93% | -0.45% | -4.66% | 17.36% | 31.03% | 23.19% |
Compare | ₹ 17,423 | 13 Yrs | -0.59% | -4.22% | -0.79% | -5.09% | 16.74% | 30.95% | 23.29% |
Compare | ₹ 12,013 | 13 Yrs | -0.63% | -4.29% | -0.79% | -5.14% | 16.52% | 30.90% | 23.08% |
Compare | ₹ 6,996 | 13 Yrs | -0.49% | -4.15% | -0.56% | -4.68% | 16.85% | 30.83% | 22.89% |
Compare | ₹ 3,134 | 13 Yrs | -0.53% | -3.98% | -0.59% | -4.64% | 16.86% | 30.82% | 23.13% |
Compare | ₹ 7,353 | 13 Yrs | -0.62% | -4.14% | -0.64% | -4.90% | 16.50% | 30.80% | 22.98% |
Compare | ₹ 833 | 13 Yrs | -0.68% | -4.15% | -1.02% | -5.32% | 15.93% | 30.76% | 23.24% |
Compare | ₹ 490 | 4 Yrs | -4.61% | -7.67% | -4.21% | 2.46% | 18.34% | 29.08% | 0.00% |
Compare | ₹ 540 | 5 Yrs | -4.72% | -7.72% | -4.26% | 2.15% | 18.39% | 28.78% | 17.22% |
Compare | ₹ 1,291 | 4 Yrs | -5.33% | -9.16% | -2.70% | 2.51% | 15.82% | 28.71% | 0.00% |
Compare | ₹ 4,689 | 5 Yrs | -5.41% | -8.26% | -2.13% | 2.77% | 15.89% | 28.50% | 17.62% |
Compare | ₹ 225 | 4 Yrs | -5.40% | -8.23% | -2.15% | 2.71% | 15.61% | 27.98% | 0.00% |
Compare | ₹ 1,280 | 13 Yrs | -1.82% | -3.11% | -2.30% | 1.76% | 21.64% | 27.48% | 17.63% |
Compare | ₹ 4,547 | 6 Yrs | -8.44% | -13.65% | -4.31% | -0.85% | 0.89% | 27.32% | 11.69% |
Compare | ₹ 176 | 13 Yrs | -3.33% | -8.02% | -2.70% | -7.85% | 30.54% | 26.30% | 17.28% |
Compare | ₹ 1,466 | 4 Yrs | -3.84% | -7.35% | -2.85% | 3.53% | 10.96% | 26.16% | 0.00% |
Compare | ₹ 1,087 | 4 Yrs | -2.14% | -2.67% | -1.16% | 4.90% | 18.58% | 25.99% | 0.00% |
Compare | ₹ 1,168 | 5 Yrs | -1.71% | -3.19% | -2.65% | -2.63% | 13.47% | 25.69% | 15.31% |
Compare | ₹ 1,725 | 5 Yrs | -1.78% | -1.59% | -0.99% | 4.84% | 18.89% | 25.42% | 15.25% |
Compare | ₹ 273 | 12 Yrs | 0.58% | -1.13% | -3.86% | 1.34% | 16.71% | 25.29% | 14.57% |
Compare | ₹ 513 | 13 Yrs | -2.22% | -11.33% | -9.33% | -5.55% | 17.66% | 25.07% | 9.86% |
Compare | ₹ 270 | 12 Yrs | -2.55% | -10.18% | -6.76% | -3.99% | 22.41% | 25.07% | 9.43% |
Compare | ₹ 329 | 12 Yrs | 2.98% | 5.04% | -0.29% | 6.07% | 24.50% | 24.83% | 16.88% |
Compare | ₹ 86 | 12 Yrs | -1.06% | -8.50% | -6.24% | -2.28% | 17.28% | 24.16% | 13.27% |
Compare | ₹ 374 | 5 Yrs | -4.11% | -7.67% | -0.14% | -1.47% | 0.25% | 23.17% | 13.67% |
Compare | ₹ 929 | 5 Yrs | -4.03% | -9.04% | -2.74% | 0.80% | 9.87% | 22.93% | 11.52% |
Compare | ₹ 38 | 3 Yrs | 1.01% | 0.50% | -2.19% | 5.48% | 24.48% | 22.86% | 0.00% |
Compare | ₹ 2,486 | 6 Yrs | -1.35% | -3.04% | -1.00% | 2.50% | 13.24% | 22.74% | 13.92% |
Compare | ₹ 849 | 5 Yrs | -2.74% | -9.26% | -4.17% | -0.66% | 11.61% | 22.30% | 7.78% |
Compare | ₹ 1,733 | 13 Yrs | -2.73% | -11.94% | -8.41% | -6.00% | 15.40% | 21.88% | 9.60% |
Compare | ₹ 242 | 13 Yrs | 0.27% | 3.50% | 0.49% | 8.76% | 29.71% | 21.68% | 14.03% |
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Disclaimer: Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
About Fund of Funds
Fund of Funds (FoFs) are mutual fund schemes that invest in other mutual funds rather than directly buying individual assets such as stocks or bonds. By pooling your money into a single FoF, you automatically get exposure to a mix of equity, debt or hybrid funds selected by a professional fund manager. This layered approach helps you achieve diversification across asset classes and fund house styles without needing to select each fund individually.
- Simple Diversification: One FoF can hold 5-10 different mutual funds, so your risk is spread across multiple sectors and strategies.
- Professional Allocation: Experienced managers decide which underlying funds to include and when to rebalance, saving you time and research.
- Access to Niche Strategies: Some FoFs target specific themes like global equity or smart beta, which may be hard to assemble on your own.
- Convenience: You get a ready-made portfolio in a single SIP or lump-sum investment, with consolidated statements and tax reporting.
FoFs suit investors who value convenience and broad diversification. They can be a suitable choice if:
- You're new to fund selection and want an expert to build your mix.
- You have limited time to track multiple market segments yourself.
- You want exposure to specialised strategies without researching each fund.
- Beginners: If you're just starting out and unsure which funds to pick, FoFs give you a professionally crafted, diversified portfolio.
- Busy Professionals: When you lack the time to research and rebalance multiple funds, FoFs handle everything for you.
- Conservative Investors: If you prefer spreading risk across many strategies rather than concentrating in a few, FoFs help smooth out ups and downs.
- Theme Seekers: If you are looking for specialised exposures, e.g., global markets, small-cap opportunities, a thematic FoF can package those into one investment.
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FAQs
Fund of Funds pool investors' money and invest it in a selection of other mutual funds. This allows you to gain diversified exposure to various asset classes, such as equities, debt, or even international funds, without having to select individual funds yourself. A fund manager handles the allocation and management of the portfolio.
FoFs offer simple diversification across multiple mutual funds, professional portfolio allocation, access to niche strategies, and convenience of managing a single investment that covers multiple asset classes.
FoFs are taxed based on their underlying fund allocation. If the FoF invests 65% or more in equity-oriented funds, it's taxed as an equity fund. Otherwise, it follows debt fund taxation rules. The extra layer of fees may also impact overall tax efficiency.
Most FoFs do not have a lock-in period, and you can redeem your investment on any business day. However, some funds may charge an exit load for early redemptions, typically within 1 year of investment.
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