DIY investors push Fund of Funds into high demand
Fund of Funds (FoFs) are getting popular with do-it-yourself (DIY) investors because of the ease of investing, diversification, and favourable tax treatment. WHAT IS A FUND OF FUNDS (FOF)? A Fund of Funds (FoF) is a mutual fund scheme that invests in one or multiple mutual fund schemes rather than buying individual securities. The underlying…