Synopsis Although investments through fund-of-funds are common in the West, especially in the Silicon Valley, it has yet to pick up pace in India ETtech IIFL Wealth, the wealth management arm of the diversified financial services group, will launch a Rs 750 crore fund-of-funds (FoF), that will partner tech-focused VC funds in the country to invest in their portfolio’s best performing digital companies. The FoF, which will be raised from the company’s ultra-high-net-worth individual (UHNI) clients, will be used to help these fast-growing companies meet their next level of capital requirements, a senior company executive said. Although investments through FoF are common in the West, especially in the Silicon Valley, it has yet to pick up pace in India. IIFL is one of the first funds to adopt this strategy to deploy capital.