All you need to know about Fund of Funds (FoFs)?

In such a scheme the fund manager holds a portfolio of other mutual funds instead of directly investing in equity or bonds. A FoF may invest in one or more schemes of the same fund house or another fund house.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/invest/what-are-fund-of-funds/articleshow/81683364.cms