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IIFCL Mutual Fund

IIFCL Mutual Fund is a 100% subsidiary of IIFCL and offers lucrative mutual fund (MF) schemes for investors. Potential investors can invest in this MF scheme for 10 years and yield impressive returns. Since the interest rate of IIFCL MF depends on the market condition, it keeps changing. Hence, the authority hasn’t yet revealed the rates.

Key Information about IIFCL Mutual Fund

Mutual Fund NameIIFCL Mutual Fund
OfficeRegistered Office 5th floor, Block 2, Plate A, NBCC Tower, East Kidwai Nagar, New Delhi - 110023
Email Idcomplianceofficer@iifclmf.com
Phone No.011-24665900-10
Fax011-23730251
Websitewww.iifclmf.com
Set up dateAug 17, 2012
Mutual Fund TypeIndian
AMC incorporation DateMar 28, 2012
CityNew Delhi

Fund Managers

VK

Mr. Vimlesh KumarFund Manager

He Is Having 36 Years Of Vast Experience Of Banking, Working In Corporate Credit (Industrial And Infrastructure Projects), Infrastructure Financing And Treasury Operations. He Has Also Played A Significant Role On Board And Advisory Levels Of Various Reputed Venture Capital/Investment Fund Houses, Investment/Assets Management Company (Ies).He Also Worked As Chief General Manager In Punjab National Bank And Headed Bpr Division Of Bank And Supervised All Activities Relating To Amalgamation Of 2 Psu Banks With Pnb, Revamping Of Credit Delivery Models And Digitization Of Processes.

Lets have a closer look

A mutual fund is a corporation that raises funds from multiple investors and invests the accumulated amount in stocks, bonds, short-term loans and correlated assets. The portfolio of a mutual fund is made up of all of the funds holdings

IIFCL Mutual Fund - Infrastructure Debt Fund - Series II

IIFCL Asset Management Company Limited

10000000

Min Investment Amt

177.17

AUM

0 %

5Y Returns

IIFCL Mutual Fund - Infrastructure Debt Fund - Series I

IIFCL Asset Management Company Limited

10000000

Min Investment Amt

449.88

AUM

0 %

5Y Returns

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:

Scheme Name IIFCL Mutual Fund Infrastructure Debt Fund Series I
Name of the Asset Management Company IIFCL Asset Management Company Limited (IAMCL)
Tenure 10 years
Scheme Rating Credit Analysis & Research Limited – CARE AA+ (MF-IDF) & Brickwork- BWR AA+IDF MFs
Investment Option Growth Option: The income generated from this scheme must stay invested in the growth option. There will be no dividend under the growth option. 
Investment Objective To earn income and capital appreciation via investment specifically in infrastructure debt instruments as approved by SEBI in a timely manner. The company doesn’t offer any guarantee or assurance to release the objective of the Scheme. 
Transparency & NAV Disclosure The net asset value (“NAV”) of the Scheme is estimated and announced at the end of every quarter. NAV is also hosted on www.iifclmf.com and www.amfiindia.com
Load NIL
Benchmark Index CRISIL Composite Bond Fund Index
Registered/Corporate Address of IAMCL 5th Floor, Block-2, Plate A & B, NBCC Tower, East Kidwai Nagar, New Delhi- 110023

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:

Scheme Name IIFCL Mutual Fund Infrastructure Debt Fund Series II
Name of the Asset Management Company IIFCL Asset Management Company Limited (IAMCL)
Tenure 10 years
Scheme Rating Credit Analysis & Research Limited – CARE AA+ (MF-IDF)& Brickwork- BWR AA+idf mfs
Investment Option Growth Option: The income generated from this scheme must stay invested in the growth option. There will be no dividend under the growth option.
Investment Objective To earn income and capital appreciation via investment specifically in infrastructure debt instruments as approved by SEBI in a timely manner. The company doesn’t offer any guarantee or assurance to release the objective of the Scheme. 
Transparency & NAV Disclosure The net asset value (“NAV”) of the Scheme is estimated and announced at the end of each quarter. NAV is also hosted on www.iifclmf.com and www.amfiindia.com
Load Nil
Benchmark Index CRISIL Composite Bond Fund Index
Registered/Corporate Address of IAMCL 5th Floor, Block-2, Plate A & B, NBCC Tower, East Kidwai Nagar, New Delhi- 110023

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.

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Frequently Asked Questions (FAQs)

Who owns IIFCL mutual fund?

IIFCL is completely owned and run by the Government of India.

What is the interest rate of the IIFCL mutual fund?

The officials haven’t yet disclosed the interest rate of the IIFCL mutual fund.

Is IIFCL mutual fund good to invest?

Since it’s a government-owned company and the scheme is managed by experienced fund managers, it’s totally safe to invest in IIFCL mutual fund. Also, since the scheme offers returns on investment, it is a good investment alternative to savings bank accounts.

How to redeem IIFCL mutual fund?

For IIFCL mutual fund redemption, before the maturity of the scheme, you must sell your units through the Exchange. However, if your scheme has matured, then it will automatically redeem on the maturity date at the applicable Net Asset Value (NAV). The authority will dispatch the redemption within 10 business days from the maturity date.