Poor Record of Fund of Funds

Fund of funds (FoFs) attempt to capture the best of fund management expertise by investing in the units of mutual funds rather than buying stocks directly. They ought to be super fund managers. How have these funds done over the past one year? There are 37 FoFs of which only 29 have been in existence for more than a year. We considered the absolute returns of these 29 funds over a one-year...

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