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Mutual funds provide a convenient investment option to investors, enabling them to avail professional fund management. With a wide range of  mutual fund schemes  available for the investors to invest in, it becomes easier for them to balance the portfolio to suit their risk profile and financial goals. One may conveniently access the websites of the mutual funds and make investments paperless using digital platforms.

Fund of Funds Meaning: What is a Fund of Funds?

As the name suggests, a Fund of Funds (FoF) is a mutual fund scheme that creates an investment portfolio comprising units of other mutual fund schemes. FoFs may also provide access to investment options that are not directly available to the investors under mutual funds without Demat accounts, like Exchange Traded Funds (ETFs). Schemes under an FoF are chosen as per their suitability to the investment objective of the FoF.

Mutual funds have made a niche space amid a vast universe of financial products. This write-up discusses mutual fund meaning and types to help investors make an informed investment decision.