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LogoutIt is basically the same as the Mutual fund scheme but here the investment bankers invest the money into mutual funds because there is no point in investing in the stock market when the already existing mutual funds are doing good in the market.
Fund of funds as the name suggests are schemes that invest in other Mutual Funds schemes. The concept is popular in markets where there are a number of mutual funds offering and choosing a suitable scheme according to one objective’s is tough. Just as a mutual fund schemes to invest in a Portfolio of securities such as equities, debt, etc, that accept the underlying investment for an FoF is the units of other mutual fund schemes, either from the same fund family or some other fund houses.