International funds have lately been getting more attention than ever before. The total assets managed by the funds of funds (FOFs) investing overseas have almost doubled year on year in the first eight months of 2020. As of December 2019, their AUM stood at Rs 2,635 crore. Now as of August 2020, it stands at Rs 5,154 crore - growth of about 96 per cent (see the chart below). Even the inflows of these funds have spiked this year. As per the recently released data for September 2020, they recorded an inflow of close to Rs 1,700 crore.
