IIFL Mutual Fund
IIFL Asset Management Limited owns IIFL Mutual Fund and is sponsored by IIFL Wealth Management Limited. In terms of total assets managed, IIFL Asset Management Limited is currently India’s seventh-largest Asset Management Company (AMC). The organization was founded in 1995 after liberalization took full force in India to take advantage of the growing financial services sector.
Mr. Nirmal Jain founded IIFL Holdings Limited on 17th October 1995, and he remains the company’s Chairman to this day. In the years that followed, the company’s name was changed to India Infoline Limited. What began as a probity research firm quickly evolved into a trading platform. In the year 2000, they created their trading portal by the name of 5paisa.
Top 10 IIFL Mutual Fund Schemes –
Fund Size (in Cr)
|IIFL Focused Equity Fund – Direct (IDCW)||Equity||Very High||10.45||-||2,835|
|IIFL Focused Equity Fund – Direct Growth||Equity||Very High||10.45||5||2,835|
|IIFL Dynamic Bond Fund – Direct Growth||Debt||Moderate||4.08||5||651|
|IIFL Dynamic Bond Fund – Direct (IDCW-M)||Debt||Moderate||4.08||2||651|
|IIFL Dynamic Bond Fund – Direct (IDCW-Q)||Debt||Moderate||-||-||651|
|IIFL Liquid Fund – Direct Growth||Debt||Moderately Low||3.28||1||927|
|IIFL Liquid Fund – Direct (IDCW-W)||Debt||Moderately Low||3.27||-||927|
|IIFL Liquid Fund – Direct (IDCW-D)||Debt||Moderately Low||3.05||-||927|
IIFL Mutual Fund is funded by Prem Watsa (a billionaire based out of Canada), the CDC Group (based in the UK), and General Atlantic (a private equity group located in the US). IIFL Asset Management Limited currently has branches in the United States, the United Arab Emirates, the United Kingdom, Canada, and Singapore. The organization’s headquarters are in Mumbai.
IIFL Asset Management Limited, as per reports dated 3rd March 2021, is looking to invest in late-stage internet companies, tech startups, and pre-IPO through a fund of Rs. 1500 crore. This is the first Indian fund targeted towards private IPO-bound tech organizations. The fund’s greenshoe option is approximately Rs. 500 crore, taking the total size up to Rs. 2000 crore. The company will raise the funds from high net worth individuals and family offices.
IIFL Asset Management Limited recently partnered with ICICI Prudential to leverage their distribution network, thereby becoming India’s first corporate agent for insurance. They are now one of the country’s largest financial institutions, leading Automobile and Housing Financing, Investment Banking, Institutional Banking, Wealth Management, and Brokerage. The company provides dual capabilities of onshore and offshore asset management. It covers fixed-income assets, public and private equities, mutual funds, real estates, and venture capital funds.
IIFL Holdings Limited has a total net worth of Rs. 45 billion and has employed 10,500 people. Their research, which covers over 500 stock options, is relied on by 300 of the world’s biggest institutional investors. The company’s financials show that they have Rs. 1,250 billion in assets and Rs. 233 billion in loan Assets Under Management (AUM).
IIFL Mutual Fund Key Information
(As of 13th February 2022)
|Name of the Mutual Fund||IIFL Mutual Fund|
|Asset Management Company Name||IIFL Asset Management Limited|
|Setup on||23rd March 2011|
|Date of Incorporation||22nd March 2010|
|Sponsor Name||IIFL Wealth Management Limited|
|Trustee Name||IIFL Trustee Limited (Formerly known as India Infoline Trustee Co. Ltd.)|
|Managing Director & Chief Executive Officer||Mr. Prashasta Seth|
|Chairman||Ms. Homai Daruwalla|
|Auditor||S. R. Batliboi & Co. LLP
UB City, 24, Vittal Mallya Road, KG Halli, Shanthala Nagar, Sampangi Rama Nagar, Bengaluru, Karnataka 560001
|Registered Office||IIFL Centre, 6th Floor , Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai 400 013
How to Invest in IIFL Mutual Funds on 5paisa?
You can invest in any IIFL Mutual fund schemes via 5paisa App & Website.
You need to have an All-in-one account with 5paisa to start your mutual fund investments. If you do not have one, open an account today! Opening All-in-one account with 5paisa is simple and hassle-free
Below are the steps to invest in IIFL Mutual Fund on 5paisa –
Step 1 – Login to 5paisa. If you do not have an account, you can register and create a new one right away.
Step 2 – Once logged in to your account, you can search for the preferred IIFL Mutual fund scheme. Alternatively, you can view All Mutual Funds and choose IIFL AMC from the filter.
Step 3 – Select the Best fund according to your criteria.
Step 4 – If you wish to invest a lumpsum amount, click on “One-Time”. Alternatively, you can start an SIP by clicking on “Start SIP”.
Step 5 – Once you have made the payment, you will see the investment status in your orderbook.
Your IIFL Mutual Fund Online Investment with 5paisa is complete and you can enjoy the returns!
Download 5paisa App and start investing in Mutual Funds easily.
IIFL Mutual Fund – Top Fund Managers
Mr. Prashasta Seth
Mr. Prashasta Seth is a Senior Managing Partner at IIFL Mutual Fund and the Chief Investment Officer-Equity. Mr. Seth began his career with IIFL Asset Management Limited in 2008, and in 2010 he transferred to their new asset management division. He was formerly the Director of Global Research and Analytics for Irevna and worked in London for J.P. Morgan Asset Management. Mr. Seth oversees all three equity alternatives available through IIFL Mutual Fund. Each of the three mutual funds has consistently produced returns of over 15%.
Mr. Balaji Raghavan
Mr. Balaji Raghavan is a Managing Partner of IIFL Mutual Fund and the Chief Investment Officer-Real Estate. He has more than 20 years of expertise in the banking industry. Mr. Raghavan spent over 5 years as the Joint General Manager at ICICI Bank before joining IIFL Asset Management Limited. Mr. Raghavan earned his MBA in Finance from Manipal’s T.A Pai Management Institute. He oversees 7 debt funds at IIFL Asset Management Limited, including the IIFL Liquid Fund and the IIFL Dynamic Bond.
Mr. Aniruddha Sarkar
Mr. Aniruddha Sarkar joined IIFL Asset Management Limited in 2008 and has worked in a variety of positions. He began as a Senior Equity Research Analyst and was instrumental in establishing the firm’s equity department. Mr. Sarkar holds a B.Com in Accountancy from St. Xavier’s College in Kolkata and an MBA in Finance from the International Management Institute in New Delhi. He began his career as a Research Analyst in Sutherland Services.
Mr. Mehul Jani
Mr. Mehul Jani works with IIFL Mutual Fundas a Principal Fund Manager. He has more than 15 years of experience in both the global and Indian financial sectors. From 2004 to 2008, Mr. Jani worked as an Associate at Morgan Stanley in London, where he got great insight into the worldwide economic situation. He then moved on to DSP BlackRock Investment Managers, where he worked as both a Fund Manager and a Research Analyst.