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Fund of Funds categories for Indian domicile funds

Dear Team,

While working around few data points on MS Direct, we have come across an interesting observation amongst the Category – “Fund of Funds” for India Domicile.

Our observations:

  1. ICICI Pru Asset Allocator FOF which is a FOF having a mixture of both Equity & Debt based funds as underlying investments
  2. IDFC All Seasons Bond Fund FOF is a FOF with underlying investments into funds of Fixed Income
  3. As per our current categorization both these Funds are getting categorized into FOF Category

Recommendation / Feedback from our side:

  1. Apart from the above 2 funds that we have observed, there may be few more funds too having the same discrepancies
  2. We feel, that amongst the FOF, there should be further categorization basis underlying investments
  3. There should be a FOF Equity / FOF Fixed Income / FOF Hybrid Categories, to ensure like to like comparison

Just listing the above to draw your attention towards this. 

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