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

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Net AUM of overseas FoF up 216% in a year, shows Amfi data Fund of Funds that in­vest in overseas mutual fund schemes have been gai­ning popularity over the past year. Net assets under management 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 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, ...



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