This fund of funds (FoF) puts investors' money in an overseas exchange-traded fund (ETF) that tracks the Nasdaq-100 index. Who is it suitable for? Being an international fund, it is meant to play a supplementary role in investors' core equity portfolios. Hence, those who wish to diversify internationally can opt to invest in this fund of funds. (Fund of funds pools money from investors and puts them in other mutual funds). By diversifying your investments geographically, you can protect your portfolio from any sharp corrections in Indian markets. Investment strategy The underlying fund tracks the Nasdaq
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