Best FoF Domestic mutual funds

Punji tracks 161 FoF Domestic funds from 23 AMCs, together managing roughly ₹2,25,166.758 Cr in assets. Across the 75 funds with a full 3-year track record, the average 3-year rolling CAGR is 17.5%. Mirae Asset NYSE FANG + ETF Fund of Fund leads the category at 47.7% 3Y CAGR.

Figures here are computed directly from each fund's own NAV history and AUM - not survivor-biased averages from a fact sheet - so a fund that merged, closed, or changed category drops out of the comparison rather than skewing it. Click any fund in the table for its full return history, expense ratio, holdings, and risk profile, or jump to a specific AMC's FoF Domestic funds below.

FoF Domestic is one of the standardized scheme categories SEBI mandated in its 2017 product categorization circular, so every AMC's FoF Domestic fund follows the same investment-mandate rules - the same broad universe of permitted holdings, the same category-level restrictions - which is what makes a ranking across 23 different AMCs a genuine like-for-like comparison rather than an apples-to-oranges one. A fund's position here moves as new NAV data comes in or as AMCs launch or close schemes in the category, so treat it as a point-in-time snapshot, not a fixed league table.

FoF Domestic is a fund-of-funds wrapper category: each scheme here invests in one or more underlying funds, which can track very different countries, sectors, or strategies from each other despite sharing this one SEBI category. A higher 3Y CAGR here doesn't mean a "better" fund the way it would within a single-strategy category like Large Cap - check what each fund actually holds before comparing two FoF Domestic schemes on return alone.

Category alone doesn't tell you a fund's risk level or whether it's the right fit for your own time horizon - two FoF Domestic funds can take meaningfully different approaches within the same mandate (concentration, turnover, credit quality for debt categories) and end up with very different risk profiles despite sharing a label. Use the Riskometer rating and risk metrics (Sharpe Ratio, Max Drawdown, Standard Deviation) shown on each fund's own page alongside this category-level ranking, not instead of it.