Net AUM of overseas FoF up 216% in a year, shows Amfi data

Amfi shows that net AUM of FoFs investing overseas stood at Rs 24,189 crore in November, against Rs 7,642 crore a year ago.

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Chirag Madia Mumbai
Fund of Funds (FoFs) that in­vest in overseas mutual fund (MF) schemes have been gai­ning popularity over the past year. Net assets under management (AUM) of the category have seen an increase of 216 per cent in a year. Robust global markets, access to lea­ding global companies, and portfolio diversification are a few reasons for international investing being in focus.

The data from the Assoc­iation of Mutual Funds in India (Amfi) shows that net AUM of FoFs investing overseas stood at Rs 24,189 crore in November, against Rs 7,642 crore a year ago.

Niranjan Avasthi, head-product marketing and digital business, Edelweiss MF,

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First Published: Dec 27 2021 | 12:41 AM IST

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