IIFL Asset Management Limited manages assets worth 2,362 crores and was set up on 22 March 2011. It's current offering of mutual fund schemes includes 12 debt and 3 equity funds.See top IIFL Asset Management Limited funds
IIFL Asset Management is an India-focused global asset management firm that is part of the IIFL Wealth Group. The company has a disciplined and active management approach. IIFL Asset Management was incorporated in 2010 and manages around INR 21,940 Crore. The trustee of the firm is IIFL Trustee Limited and the sponsor is IIFL Wealth Management Limited.
IIFL Asset Management Limited manages assets worth 2,362 crores and was set up on 22 March 2011. It's current offering of mutual fund schemes includes 12 debt and 3 equity funds.
Founded
23 March 2011
Incorporated
22 March 2011
Sponsors
IIFL Wealth Management Limited
MD & CEO
Mr. Prashasta Seth
Trustee
IIFL Trustee Limited (Formerly known as India Infoline Trustee Co. Ltd.)
CIO
NA
Contact information
IIFL Asset Management Limited Address
IIFL Centre, 6th Floor , Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013
IIFL Asset Management is a part of the IIFL Wealth Group that is one of the global wealth management companies. It is an Indian focused global asset management firm and identifies themselves as uniquely Indian and undeniably global. IIFL mutual fund (AMC) has a global presence across India, Canada, USA, UK, UAE, Singapore and Mauritius. Their assets under management in India, Singapore and Mauritius are INR 21,940 crore (as on March 31st, 2020).
Furthermore, IIFL’s products offer uniquely structured products to cover diverse investment requirements of investors. Also, their mutual fund portfolio is concentrated on high quality and high conviction stocks enabling the portfolio manager to maintain focus and generate improved risk-adjusted returns.
The fund managers follow a disciplined and active asset allocation approach to tap into India’s potential as a unique class of assets. Also, their deep understanding of the Indian market enables them to create investment strategies (asset allocation) that generate sustainable risk-adjusted returns.
Additionally, the portfolio manager follows the concept of benchmark-agnostic funds that enables them to pick stocks with flexibility. Also, their mutual fund offerings are positioned as a leader in their respective niches. Furthermore, their strategy of concentrated picks and free from benchmarking has helped them generate significant returns.
The fund house currently manages an AUM of INR 1508.64 crore and has three funds in equity and fixed income (debt) category. Following are the mutual funds offered by IIFL asset management company are IIFL Focused Equity Fund, IIFL Liquid fund, and IIFL Dynamic Bond Fund.
How to Invest in IIFL Mutual Funds via Scripbox?
Time needed: 30 minutes.
Investing in mutual fund investments is now easy with Scripbox. Scripbox is an online platform that enables mutual funds investments with just a click. To invest in mutual fund through Scripbox, one has to follow the following steps:
Visit Scripbox’s website and Begin the Investment Journey
Go to Scripbox’s website and click on the button “Let’s get started” on its homepage. This displays a list of goal-based investment options. Therefore, an individual can choose one or multiple financial goals on the basis of their requirements to invest in mutual funds. Click on the “Continue” button, to proceed with mutual fund investment.
Signup and Create Account
Here one has to create an account with Scripbox. Using an e-mail id one can create an account with Scripbox. Upon creating the account and logging in, the following are available: amount of investment and a list of payment options. The investor is required to enter the investment amount in the space provided. Then, one has to choose between lumpsum or SIP investment by clicking on either “One-time” or “Every month SIP” payment option. Additionally, one can use Scripbox’s calculators to estimate their potential returns from IIFL mutual fund investments. To determine potential returns from mutual fund SIP investments, one can use the SIP Calculator. On the other hand, to estimate lumpsum investment returns, they can use the lumpsum calculator. Furthermore, to view the Scripbox recommended funds, one can click on “See Recommended Funds” button. The list displays the funds that Scripbox recommends for its investors.
Checking and Changing the Fund and Fund Allocation
In this step, one can view the list of shortlisted mutual funds and also the investment amount for each fund. Kindly check all the details before proceeding ahead. In case, an investor wishes to change the investment amount and the funds; they can do so by clicking “I want to change funds/amount”. This will help them change their investment portfolio to suit their requirements. Clicking on the “Next” bottom will proceed to the payment page.
Bank Details and Money Transfer
In this step, the payment can be completed by providing the following details: bank account and PAN card. This enables Scripbox to process mutual fund investment. Also, Scripbox provides a secure environment for investors to process their payments. Moreover, the bank details will not be misused and will only be used for investing and crediting redemption proceeds.
KYC Required to Invest in IIFL Mutual Fund via Scripbox
Know Your Customer (KYC) is for client identification. As per SEBI mandate, all investors have to be KYC compliant. If an individual is not KYC compliant, then they cannot invest in SEBI registered mutual funds. Also, SEBI prescribes the KYC requirements. The KYC form includes details such as identity, address, demographics, financial status, and occupation of the individual.
Also, Scripbox has the provision to complete the KYC process online. Resident Indians and PIO residing in India need the following documents for KYC:
Pan Card
Photograph
Address proof (Aadhar Card (Front & Back)/Driving License/Passport/Voter ID Card)
KYC Authorisation Letter. (On a plain sheet of white paper, one needs to write “I authorise Scripbox to do my mutual fund KYC” & sign below it)
Video Selfie: Record a video for 5 seconds
Furthermore, one needs to upload a clear scanned copy (colour) of their KYC documents at the time of registration. Alternatively, one can also share their KYC documents at help@scripbox.com or Whatsapp it on +91-8884448026.
Top IIFL Fund Managers
Equity Fund manager
Mr. Mayur Patel
Mr Patel is a fund manager of equity funds at IIFL AMC. He has more than 14 years of experience in investment management and research. Before joining IIFL, he worked with DSP BlackRock Group. He managed equity portfolios of DSP BlackRock Equity Savings Fund and MIP fund at DSP BlackRock Investment Managers.
Furthermore, Mr Patel joined DSP Group in 2013 as an equity analyst where he was responsible for origination and distribution of ideas across utilities, energy and industrials sector. He also worked with Spark Capital as a lead analyst in their Institutional Equities division. Mr Patel also worked with Tata Motors and CRISIL.
He is a CFA charter, chartered accountant and also holds a B. Com degree. Furthermore, he currently manages the IIFL Focused Equity Fund.
Debt Fund manager
Mr. Ankur Parekh
Mr Parekh is the fund manager of debt funds at IIFL asset management company. He has more than 15 years of experience in the fixed income securities market. Before joining the fund house, he worked with Reliance Capital AMC as a fund manager EPFO for seven years. He also worked with SBI DFHI primary dealership firm and DBS Cholamandalam AMC.
He is a commerce graduate. Also, he holds an MBA degree from Bharathiar University, Tamilnadu. He currently manages the following funds: IIFL Liquid fund and IIFL Dynamic Bond Fund.
