Sideshow to spotlight: FoFs weren't in the script, now they own the stage

₹15.6K cr floods in as tax reset, fund blitz, and asset bounce rewrite the playbook in Q1

Domestic fund of funds (FoFs) closed the April–June quarter of 2025–26 with net inflows of ₹15,617 crore — nearly four times the previous quarter — as a tax-code overhaul, a wave of new schemes, and a broad-based asset rally came together to revive the category.

 

June alone brought in a record ₹8,648 crore in net inflows, pushing the overall FoF asset base up 18 per cent quarter-on-quarter to ₹1.15 trillion, according to data collated by the Association of Mutual Funds in India. 

 

“The new sub-category under FoF, called Income Plus Arbitrage FoF, has drawn steady interest from