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. View More
IIFL Mutual Fund Key Information
- Name of the Mutual Fund
- IIFL Mutual Fund
- Setup Date
- 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
- Auditor
- S. R. Batliboi & Co. LLP Chartered Accountants UB City, 24, Vittal Mallya Road, KG Halli, Shanthala Nagar, Sampangi Rama Nagar, Bengaluru, Karnataka 560001
IIFL Mutual Fund Managers
Prashasta Seth - Equity - Chief Investment Officer
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%.
Balaji Raghavan - Real Estate - Chief Investment Officer
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.
Aniruddha Sarkar - Equity - Senior Research Analyst
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.
Mehul Jani - Principal Fund Manager
Mr. Mehul Jani works with IIFL Mutual Fund as 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.
Vikrant Sibal - Fund Management - Principal Fund Manager
Mr Vikrant Sibal is the Principal Fund Manager at IIFL and has been with the company since 2016. Since joining, he has been part of the fund management team. He manages Private Equity Funds for the company while also being an independent Board Member at Box8, Hopscotch, Bikaji Foods, and Indigo Eye Care, all of which have received investments from IIFL.
He has an industry experience of 15+ years, which includes being associated with reputed brands such as Americorp Capital as the Research Analyst, HDFC Securities Ltd, ICICI Venture Funds Management as the Vice President, and Brand Capital as the Deputy General Manager. In addition, Mr Sibal has a BCom from Narsee Monte College of Commerce & Economics. Furthermore, he has completed his MBA from SIESCOMS while getting his CFA Level 2 and ICSI certifications.
How to invest in IIFL Mutual Fund?
You can invest in any IIFL Mutual Fund scheme using the 5paisa platform, either the website or the mobile app. To start investing, you must immediately register on the 5paisa platform and invest in mutual fund investments. View More
Top 10 IIFL Mutual Fund to Invest
- Fund Name
- Min SIP Investment Amt
- AUM (Cr.)
- 3Y Return
360 ONE Focused Equity Fund is an Focused scheme that was launched on 30-10-14 and is currently under the management of our experienced fund manager Mayur Patel. With an impressive AUM of ₹3,671 Crores, this scheme's latest NAV is ₹36.1046 as of 06-06-23.
360 ONE Focused Equity Fund scheme has delivered a return performance of 14.2% in the last 1 year, 25.6% in the last 3 years, and an - since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Focused funds.
- Min SIP Investment Amt
- ₹1,000
- AUM (Cr.)
- ₹3,671
- 3Y Return
- 14.2%
360 ONE Dynamic Bond Fund is an Dynamic Bond scheme that was launched on 25-06-13 and is currently under the management of our experienced fund manager Milan Mody. With an impressive AUM of ₹821 Crores, this scheme's latest NAV is ₹20.0376 as of 06-06-23.
360 ONE Dynamic Bond Fund scheme has delivered a return performance of 7.3% in the last 1 year, 6.6% in the last 3 years, and an 7.2% since its launch. With a minimum SIP investment of just ₹10,000, this scheme offers a great investment opportunity for those looking to invest in Dynamic Bond funds.
- Min SIP Investment Amt
- ₹10,000
- AUM (Cr.)
- ₹821
- 3Y Return
- 7.3%
360 ONE Quant Fund is an Sectoral / Thematic scheme that was launched on 29-11-21 and is currently under the management of our experienced fund manager Parijat Garg. With an impressive AUM of ₹59 Crores, this scheme's latest NAV is ₹11.2987 as of 05-06-23.
360 ONE Quant Fund scheme has delivered a return performance of 22% in the last 1 year, -% in the last 3 years, and an 8.5% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Sectoral / Thematic funds.
- Min SIP Investment Amt
- ₹1,000
- AUM (Cr.)
- ₹59
- 3Y Return
- 22%
360 ONE Liquid Fund is an Liquid scheme that was launched on 13-11-13 and is currently under the management of our experienced fund manager Milan Mody. With an impressive AUM of ₹754 Crores, this scheme's latest NAV is ₹1753.674 as of 05-06-23.
360 ONE Liquid Fund scheme has delivered a return performance of 6.2% in the last 1 year, 4.1% in the last 3 years, and an 6.1% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Liquid funds.
- Min SIP Investment Amt
- ₹5,000
- AUM (Cr.)
- ₹754
- 3Y Return
- 6.2%
Frequently Asked Questions
What are the different types of IIFL Mutual Fund schemes?
IIFL Mutual Fund has four primary schemes focused on different market opportunities and financial goals. These include the IIFL Focused Equity Fund, IIFL Dynamic Bond Fund, IIFL Quant Fund, and IIFL Liquid Fund.
Do I need a DEMAT account for investing in IIFL Mutual Fund?
No. Investing in a mutual fund does not require you to have any dematerialization (DEMAT) account. DEMAT is only mandatory for investing in the Indian stock market.
How do I calculate the right amount for my IIFL Mutual Fund SIP?
Although you can start investing in a mutual fund from an amount as low as Rs. 500, selecting the right amount for a SIP is based on your financial goal and income. To help you calculate the right amount, choose your financial goal, investment horizon, and SIP amount you wish to invest in. Depending on the goal and the investment horizon, you can increase or decrease the amount as you progress.
Can I increase my SIP amount in IIFL Mutual Fund?
Yes. You can increase your monthly SIP amount at any time. To do so, go to the IIFL mutual fund you are investing in, select the SIP option and update the amount mentioned. Once updated, the revised amount will be deducted every month.
What minimum amount is required to invest in an IIFL Mutual Fund?
The minimum amount required to invest in an IIFl Mutual Fund is Rs. 1000 via lumps and Rs 500 in SIP.
How can I start investing in IIFL Mutual Fund using the SIP method online?
To start investing in IIFL Mutual Fund using the monthly SIP option, all you need to do is log in to your 5paisa account (register if you do not have one), go to the IIFL Mutual Fund that you are interested in, and select the SIP option. You can choose the monthly amount you want to invest and hit the ‘Start SIP’ button. Once the payment is successful, the amount selected will be automatically deducted from your account and invested into the selected Mutual Fund.
How do I redeem my IIFL Mutual Fund investment?
You can redeem your IIFL Mutual Fund investment online or offline by visiting the nearest fund house and submitting the redemption form. For online investors, you can log in to your 5paisa account, select the IIFL mutual fund you would like to redeem, and select the amount. Once this is confirmed, the payment will be processed.
How can I stop my SIP in IIFL Mutual Fund online?
You can stop your monthly SIP at any time. To do so, go to the IIFL mutual fund on your 5paisa app, and select the SIP option. Here, click on the Cancel SIP button, and the SIP will be stopped from that month. Note that if the instalment date for the month has already lapsed, the SIP amount will already be deducted from your account.