About IIFL Mutual Fund
An India-focussed, global asset management company, IIFL offers uniquely structured products to its investors with the idea of covering their requirements of diverse investments. The mutual fund portfolio offered by the AMC focuses on a few high-quality, high-conviction stocks, thereby allowing the fund managers to follow a focused approach and generating improved risk-adjusted returns.
The fund managers intend to function in a research-oriented manner, without any constraints, whilst following a benchmark-agnostic approach. This allows the fund managers to pick their stocks with flexibility and tap into unique multi-baggers of the future. As a result of following such an approach, the fund managers generate a significant alpha for its investors.
Funds Offered by IIFL Asset Management Company
Equity Mutual Funds offered by IIFL
Equity mutual funds offered by IIFL invest a minimum of 80% of their stocks in equities while the remaining can be invested in debt securities and/or cash and its equivalents. IIFL AMC offers only one equity fund to its investors, namely IIFL Focused Equity Fund. Earlier, there was another fund named IIFL Capital Enhancer Fund Series 1 which has been merged with IIFL Focused Equity Fund with effect from 11 October 2019.
IIFL Focused Equity Fund
IIFL Focused Equity fund has invested around 62% of its assets in large cap stocks, around 26% in mid cap and the remaining 12% in small cap stocks. The top sectoral holdings of the fund include around 40% investment in the financial sector, 11% in the technology sector, 10% in healthcare and 5% in construction. Top 5 companies that the fund has invested in are ICICI Bank, Axis Bank, HDFC Bank, Crompton Greaves Consumer Electricals, and Infosys.
| Fund Name | 3-Year Return (%) | 5-Year Return (%) | NAV | Fund Size (Cr) |
| IIFL Focused Equity Mutual Fund | 10.46 | 10.05 | 17.87 | 756 |
Debt Mutual Funds offered by IIFL
IIFL Liquid mutual fund is an open-ended liquid scheme which aims to provide liquidity with reasonable returns at a low risk. The funds offer a portfolio of constituting money market and debt securities with a residual maturity period of upto 91 days.
Also Check: IIFL Mutual Fund Files for International Tech Fund
IIFL Liquid Fund
Liquid funds offered by IIFL invest in bonds with a maturity period of upto 3 months. These funds are known to offer more returns in comparison to what is offered by bank deposits. The fund has allotted 68.7% of its assets in debts. Top 5 holdings of the fund include HDFC Bank, Kotak Mahindra Bank, Reliance Industries, LIC Housing Finance, and Bank of Baroda.
| Fund Name | 3-Year Return (%) | 5-Year Return (%) | NAV | Fund Size (Cr) |
| IIFL Liquid Fund | 6.27 | 6.70 | 1,540 | 943 |
IIFL Dynamic Bond Fund
Dynamic Bond funds are known to be flexible enough to invest in bonds of any duration. The major advantage of investing in dynamic bond funds is that the fund managers have the liberty to invest either in bonds that mature in a few months or the ones maturing several years later depending upon the estimated returns.
| Fund Name | 3-Year Return (%) | 5-Year Return (%) | NAV | Fund Size (Cr) |
| IIFL Dynamic Bond Fund | 7.67 | 7.40 | 16.37 | 282 |
How to Invest in IIFL Mutual Funds via Paisabazaar.com
Step 1: Go to Paisabazaar.com
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the IIFL Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 7: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days.
How to Complete Your KYC Check for IIFL Mutual Fund
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
If you’re a first time customer, you need to get your KYC Check before investing in Mutual Funds.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Company)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your KYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Investing in IIFL Mutual Fund
Here is a list of the official documents required to validate the identity and address of an investor:
- Identity Proof
- Aadhaar Card
- PAN Card
- Passport
- Driving License
- Address Proof
- Aadhar Card
- Driving License
- Passport
- Recent Utility Bill
- Rental/Lease Agreement
Fund Managers of IIFL Asset Management Company
- Ankur Parekh
Ankur has over 15 years of experience in the fixed income securities market. Before joining IIFL as a Fund Manager, Ankur was working with Reliance Capital AMC as a Fund Manager- EPFO for 7 years. Prior to this, he had also worked with SBI DFHI primary dealership firm and DBS Cholamandalam AMC.
Mr. Parekh is a graduate in commerce and holds a Masters degree in Business Administration from Bharathiar University, Tamil Nadu.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by the total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.