After losing relevance due to tax changes, FoF is back in business, investment in August is at 17-month high

After nearly a year and a half of losing its relevance due to tax changes, the Rs 84,000 crore domestic fund of funds (FOF) sector is back in business, thanks to another change in the tax structure in Budget 2024. Offering various categories including equity, debt and commodities, this wide category has seen a rise in the last (…)