This is when a Mutual Fund invests in other Mutual Funds and not in shares or bonds directly. In this case the FoF charges a Total Expense Ratio (usually low) and so do the mutual funds in which it invests.
Fund of Funds
This is when a Mutual Fund invests in other Mutual Funds and not in shares or bonds directly. In this case the FoF charges a Total Expense Ratio (usually low) and so do the mutual funds in which it invests.