Answer:
A Fund of Fund is a Mutual Fund where the fund manager does not buy individual stocks. Instead he buys mutual funds of a particular type. Maybe Equity Oriented Funds or Debt Oriented Funds etc.

When the Fund of Fund starts an IPO, they raise money from investors and then begin investing money in the various fund schemes
First answer by Anandvijayakumar. Last edit by Anandvijayakumar. Contributor trust: 782 [recommend contributor recommended]. Question popularity: 1 [recommend question].

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