Key Points
Vice President & Head - Product, Marketing and Digital, Edelweiss MF, says a fund of funds is simply a fund which in turn invests in an underlying fund..
So when we talk about Edelweiss US Technology Fund, it is a fund of funds which invests into an underlying fund that is JP Morgan US Technology Fund, which essentially invests in technology companies in the US or companies which are listed in US markets...
If you want to buy technology, innovative health care businesses which are there in the US, you have to go to the US market as a part of your diversification strategy.. Talking about your US Technology Fund, it is basically a fund of funds..
And this fund essentially tries to capture these changes, the mega trends within the technology sectors and try to create a portfolio that generates commensurate returns in this specific theme...
For an investor who is already invested in the technology sector in India, do you think such a thematic fund makes sense to their portfolio?..
