ICICI Prudential Mutual Fund has launched a new fund-of-funds (FoF) scheme that will invest in one of its own exchange traded funds (ETFs). The FoF will invest in ICICI Prudential Nifty Low Volatility 30 ETF. FoFs are mutual fund (MF) schemes that invest in other schemes. ETFs are MF schemes that are traded on the stock exchange.

 

Buying ETFs requires a brokerage account. Such an...