IIFCL Mutual Fund

About IIFCL Mutual Fund

IIFCL Mutual Fund was founded by IIFCL (India Infrastructure Finance Company Limited) as an Infrastructure Debt Fund (IDF) under the MF route. IIFCL Asset Management Company Ltd. (IAMCL) is an IIFCL Mutual Fund’s Asset Management Company. IIFCL holds a 100% subsidiary of IAMCL.

IIFCL is a government-owned company and hence, it’s safe to invest in its mutual fund schemes. Since the MF scheme is recent, no performance report is available as of now. 

IIFCL, which is rated “AA+”, sponsors IIFCL MF IDF. 

SEBI (Securities and Exchange Board of India) has created a defined framework within which IIFCL mutual funds would receive an expansive pool of infrastructure experience of IIFCL. Moreover, the relationships in the Indian Infra space will create opportunities for developing infrastructure in the country. 

Types of IIFCL Mutual Fund

IIFCL MF offers mainly two types of mutual funds currently. They are as follows:

• Debt Fund Series – I
• Debt Fund Series – II

Debt Fund Series – I

IIFCL Mutual Fund IDF has successfully established and shut down “IIFCL MUTUAL FUND INFRASTRUCTURE DEBT FUND – SERIES I”, its first Infrastructure Debt Fund Scheme worth 300 Crores. 

Since the establishment of scheme under the private placement route on 31st December 2013, the investors have invested 300 Crores in the same. However, after it was subscribed on 9th February 2014, the scheme was closed. 

Highlights of the Debt Fund Series – I

Given below is the basic detail of the scheme:

Debt Fund Series – II

IIFCL Mutual Fund (IDF) has successfully established and shut down “IIFCL MUTUAL FUND INFRASTRUCTURE DEBT FUND – SERIES II” its second Infrastructure Debt Fund Scheme with a worth of ` 200 Crores. 

Since the inception of this scheme under the private placement route on 31st March 2017, it has raised a fund of ` 200 Crores. Moreover, after it was subscribed on 12th April 2017, the scheme was closed. 

Highlights of Debt Fund Series – II

Given below is the basic detail of the scheme:

How can You Invest in IIFCL Mutual Fund?

You can apply for IIFCL mutual fund investment either online or offline. 

Offline Mode

In the offline mode, you will have to visit the corporate office of the AMC company and ask for the application form for transactions in the IIFCL mutual fund schemes. Fill the application form completely and send it to the following address –

First Address: The Registrar, Computer Age Management Services Pvt. Ltd., 158 Rayala Towers, Tower I, V Floor, Chennai – 600002

Another Address: 5th Floor, Block – 02, Plate A, NBCC Tower, East Kidwai Nagar, New Delhi – 110023

If you have left any important blank in the form, the officials will reject your application for IIFCL MF investment.

On application acceptance, choose the fund you want to invest in and pay the required investment amount. 

Online Mode

Visit the official website of IIFCL Mutual Fund (IDF) and download the IIFCL Mutual Fund (IDF) application form for transaction in the schemes. Fill up the form and send it to the above-mentioned address. 

Once your application has been accepted, you can pay the amount you want to begin with your investment. Or you can also submit the minimum amount for starting an MF. 

Documents Required to Invest in IIFCL Mutual Fund

Similar to other mutual fund schemes, IIFCL also requires some common documents that are as follows:

• PAN Card (not mandatory)
• Address Proof, including your Aadhaar Card, Driving License, Passport, Utility Bills, etc.
• KYC authorisation letter
• Photo Debit Card
• Employee ID cards issued by companies registered with Registrar of Companies
• Passport-sized photographs
• Other documents as requested by the officials

If you fail to submit any supporting documents, your application for mutual fund investments might get rejected.