IIFL Mutual Fund

IIFL offers the Focused Equity Fund which was previously called as IIFL India Growth Fund:

• IIFL Focused Equity Fund:Fund TypeOpen ended equity schemeEntry LoadNilExit Load2% - Applicable if the fund is redeemed or switched out, on or before 2 months from the allotment of the fund.BenchmarkNifty 50 IndexFund ManagerMr. Prashasta SethRisk FactorModerately highInvestment objective of IIFL Focused Equity FundThe IIFL Focused Equity Fund is specifically designed for investors that wish to achieve capital growth over a long term or tenure. Investors have the choice of investing in equities or equity-linked securities with a moderately high risk profile.Who is the IIFL Focused Equity Fund for?The IIFL Focused Equity Fund is specifically for investors that do not mind investing in a moderately high risk profile and wish to see principal growth over a long tenure.

Fixed Income Fund offered by IIFL

IIFL offers the Dynamic Bond Fund:

• IIFL Dynamic Bond Fund:Fund TypeOpen ended dynamic debt schemeEntry LoadNilExit LoadThe exit load is based on the below-listed conditions:BenchmarkCRISIL Liquid Fund IndexFund ManagerMr. Ankur ParekhRisk FactorModerateInvestment objective of the IIFL Dynamic Bond Fund:Keeping optimisation of return as a priority, the IIFL Dynamic Bond Fund allows investor to invest in a variety of money market instruments and debt instruments with varying risk profiles. The IIFL Dynamic Bond Fund will help the investor earn income as well as long-term gains.Who is the IIFL Dynamic Bond Fund for?The IIFL Dynamic Bond Fund is for investors that are looking for an assured long-term gain and income over the fund tenure or term. In order to ensure formidable returns, the investment can be over a variety of debt and money market instruments with different risk profiles.
  • 1% if the investor wishes to redeem or switch out of the plan on or before 18 months from the allotment of the fund.
  • Nil or 0% if the investor switches out or redeems the fund 18 months after the allotment of the fund.

Liquid Fund offered by IIFL

IIFL offers investors the short-term IIFL Liquid Fund:

• IIFL Liquid Fund:Fund TypeOpen ended liquid schemeEntry LoadNilExit LoadNilBenchmarkCRISIL Liquid Fund IndexFund ManagerMr. Ankur ParekhRisk FactorLowInvestment objective of the IIFL Liquid Fund:The IIFL Liquid Fund is specifically designed for investors who wish to make an investment over a short duration. Offered with a low risk profile, the IIFL Liquid Fund allows investors to plant their money in debt and money market instruments with the maturity of the scheme not exceeding 91 days.Who is the IIFL Liquid Fund for?The IIFL Liquid Fund is particularly for investors that are looking for an investment over a short duration and that do not want to take any risk with their principal amount. Investors can put their money in low risk debt and money market instruments and look for a return following the 90-day maturity mark.

Save Tax by Investing in Tax Savings Mutual Funds from IIFL

Mutual funds offered by IIFL are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.

Who is Eligible for IIFL Mutual funds?

Listed below is the eligibility criteria to apply for mutual funds offered by IIFL:

1. Resident Indians
2. Non-Resident Indians (NRIs)
3. Foreign nationals
4. Parents or legal guardians on behalf of minors
5. Members of merchant navy or mariners (Indians, non-resident Indians or foreign nationals)

Documents Required for IIFL mutual funds

Along with the application form, investors will have to submit the below-listed KYC compliant forms. Applicants should ensure that the details as mentioned in the submitted forms as well as what's mentioned on the application form match, in order to avoid rejection of the application form. All submitted forms along with the application form have to be self-attested by the applicant.

1. Identity proof (Government authorised)
2. Address proof (Government authorised)
3. PAN card
4. Passport size photographs
5. Copy of PIO certificate (for non-residents or foreign nationals)
6. Copy of OCI card (for non-residents or foreign nationals)
7. CDC (Continuous Discharge Certificate) for members of the merchant navy, marines, etc.
8. Copy of school certificate, passport, birth certificate, or mark sheet from higher secondary board for minors
9. Cancelled cheque

How to invest in IIFL mutual funds

Mutual fund applicants can apply for a fund of their choice by visiting the main website of IIFL. Once on the page, the applicant has to click on 'Funds' on the top row and then choose the type of fund that they would wish to invest in - Equity, Fixed Income, or Liquid Fund. Once they have chosen the fund, one needs to click on 'Invest' and choose the 'New Customer' option. From there one should enter their PAN and click on 'Submit'. You will then enter all the required credentials on the registration form and mutual fund application form, and upload the documents for verification. The applicant has to then choose the type of fund they wish to invest in, choose the diversification (if applicable), and then make the online payment for it.

Why choose IIFL mutual funds?

The fund management team of IIFL believes that they can create an opportunity for investors even if they choose a small sum. Using various risk adjustment methods, IIFL fund managers look to give their investors a formidable 15-20% return on even the smallest of investments. With IIFL, investors have a choice of investing for a short or a long tenure and can choose the risk profile of their fund to ensure a formidable return on maturity. As already mentioned, IIFL is rated amongst the top 7 financial conglomerates in the country and their experienced fund managers will guide you through the whole process and oversee the growth of the fund to ensure the investors earn a formidable return at the point of maturity of the fund.