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.

Best IIFL Mutual Funds

Fund Name
Fund Size (in Cr)
1Y Returns
3Y Returns
5Y Returns
IIFL Focused Equity Fund Equity 5 3,417 1.4 18.2 15.8
IIFL Dynamic Bond Fund Debt 4 452 4.0 6.0 6.5
IIFL Liquid Fund Debt 1 598 5.0 3.8 4.8
IIFL ELSS Nifty 50 Tax Saver Index Fund Equity - 21 - - -
IIFL Quant Fund Equity - 91 6.3 - -

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 AMC Ltd 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

Chartered Accountants

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

Tel: 022-42499000
Fax: 022-24954310

IIFL Mutual 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.

Mr Vikrant Sibal

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. To open an account with 5paisa, you must upload your information and have your KYC documents handy. The complete process can be done online, making it simple and hassle-free.

Once you have opened an account with 5paisa, below are the steps to follow:

That’s it. Your IIFL Mutual Fund Investment with 5paisa is complete, and you can now enjoy the returns and revise or reinvest your money at any time!

Top IIFL Mutual Funds to Invest

IIFL Focused Equity Fund

  • Category: Equity Fund
  • Benchmark: BSE 200 TRI
  • Risk: Very High
  • Suitable Investment Horizon: Long Term
  • Launch Date: 30th October 2014
  • Expense Ratio: 2.11%
  • AUM: Rs. 2835.51 crores (as of 29th April 2022)
  • Exit Load: 1% – if redeemed/switched out, on or before 12 months from the date of allotment.
  • Minimum Investment New Purchase – Rs. 5,000/- and multiples of Rs. 100/- after that.
  • Additional Purchase – Rs. 1,000/- and multiples of Rs. 100/- after that.
  • Systematic Investment Plan (SIP)
  • Monthly Option – Rs. 1,000/- per month for a minimum of 06 months.
  • Quarterly Option – Rs. 1,500/- per quarter for a minimum of 04 quarters.
  • Fund Manager: Mr Mayur Patel

IIFL Focused Equity Fund is an open-ended scheme that primarily invests in equity-linked shares and 30 multi-cap stocks. This focused approach aims to beat market returns, making the investment extremely volatile to market conditions. Hence, it is suitable for investors who want to invest in the top players in the market across multiple sectors with dynamic allocation between cyclical and defensive investments. The ideal investment horizon for this investment is long-term and comes with a very high-risk rating

Min Investment Amt ₹1,000
AUM ₹3,417 Cr
1Y Returns 1.4%

IIFL Dynamic Bond Fund

  • Category: Debt Scheme
  • Benchmark: CRISIL Composite Bond Fund Index
  • Risk: Moderate
  • Suitable Investment Horizon: Long Term
  • Launch Date: 24th June 2013
  • Expense Ratio: 2.00%
  • AUM: Rs. 899.88 Crores (as of 31st March 2022)
  • Exit Load: NIL
  • Minimum Investment Amount New Purchase – Rs. 10,000 and in multiples of Rs. 100 after that.
  • Additional purchase – Rs. 1000 and in multiples of Rs. 100 after that
  • Systematic Investment Plan (SIP)
  • Monthly option – Rs. 1000 per month for a minimum period of six months
  • Quarterly Option – Rs.1500 per quarter for a minimum period of 4 quarters
  • Fund Manager: Mr Milan Mody

IIFL Dynamic Bond Fund is a dynamic debt scheme aiming to generate long-term capital gains and income for its investors. It invests in a range of debt and money-market securities that enable the investment to get wholesome returns and seeks to manage this investment across multiple spectrums flexibly. A fund is an excellent option for those who want to gain income and long-term capital gains simultaneously, with moderate risk

Min Investment Amt ₹10,000
AUM ₹452 Cr
1Y Returns 4.0%

IIFL Quant Fund

  • Category: Equity Fund
  • Benchmark: S&P BSE 200 TRI
  • Risk: Very High
  • Suitable Investment Horizon:
  • Launch Date: 29-Nov-2021
  • Expense Ratio: 0.43%(As on 30-Jun-2022)
  • AUM: Rs. 88 Crores (As on 30-Jun-2022)
  • Exit Load: 1% – if redeemed/switched out, on or before 12 months from the date of allotment.
  • Minimum Investment Amount New Purchase – Rs. 1,000 and in multiples of Rs. 100 after that.
  • Additional purchase – Rs. 1000 and in multiples of Rs. 100 after that
  • Systematic Investment Plan (SIP)
  • Monthly option – Rs. 1000 per month for a minimum period of six months
  • Quarterly Option – Rs.1000 per quarter for a minimum period of 4 quarters
  • Fund Manager: Mr. Parijat Garg

A newly launched mutual fund scheme, the IIFL Quant Fund is a long-term capital appreciation scheme aimed at investors who want to benefit from the Quant investment model. Quant Model is a tested performance metric leveraged by fund managers to get higher returns compared to its benchmark, and thus there is periodic rebalancing in the portfolio. The fund has a high-risk rating and is ideal for those with a long-term capital growth foal with an investment horizon of at least 5-7 years.

Min Investment Amt ₹1,000
AUM ₹91 Cr
1Y Returns 6.3%

IIFL Liquid Fund

  • Category: Liquid Fund
  • Benchmark: CRISIL Liquid Fund Index
  • Risk: Low to Moderate
  • Suitable Investment Horizon: Short Term
  • Launch Date: 13th November 2013
  • Expense Ratio: 0.80%
  • AUM: Rs. 689.40 as on 31st March 2022
  • Exit Load: NIL
  • Minimum Investment Amount New Purchase – Rs. 5,000 and in multiples of Rs. 100 after that.
    Additional purchase – Rs. 1000 and in multiples of Rs. 100 after that
  • Fund Manager: Mr Milan Mody

IIFL Liquid Fund is an open-ended liquid scheme that enables investors to gain wholesome returns with low risk. The scheme is ideal for those who want to allocate their investment for the short term, with a residual maturity of up to 91 days. Although the investment is primarily in liquid assets, there are no fixed returns that are promised by this scheme, so the scheme has a low to moderate risk rating.

Min Investment Amt ₹5,000
AUM ₹598 Cr
1Y Returns 5.0%

Frequently Asked Questions

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. 

The minimum amount required to invest in an IIFl Mutual Fund is Rs. 1000 via lumps and Rs 500 in SIP. 

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. 

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. 

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. 

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.  

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. 

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. 

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