IIFL Mutual Fund

IIFL Asset Management Company is a fully-owned subsidiary of IIFL Holdings Limited. It is sponsored by IIFL Wealth Management Limited. It is currently the 7th largest AMC in India in terms of total assets managed. The company was established in 1995 in the post-liberalisation era to capitalise on the emerging Indian financial services market.
Headquartered in Mumbai, the AMC is now present in all states of India and has several branches globally, most notably in Singapore, Canada, the USA, the UK and UAE.

The AMC offers dual capabilities of offshore and onshore asset management in a genuinely diversified portfolio of funds. It includes mutual funds, venture capital funds, and alternative investment funds cutting across private and public equities, real estate and fixed income securities.

The independent financial institution is backed by American private equity firm General Atlantic, Canadian billionaire Prem Watsa and the UK-based CDC Group.
The name of the company was changed to India Infoline Limited in the following years. What started as a Probity Research firm soon transmuted into a trading platform during the dot-com revolution. Their trading portal, www.5paisa.com, was launched in 2000.
When the dot-com bubble burst, IIFL entered a tie-up with ICICI Prudential to capitalise on their existing distribution network, becoming the first corporate agent for insurance in India in the process.
Currently, they are one of the leading financial houses in the country with their fingers in many pies such as Wealth Management, Housing and Automobile Financing, Brokerage, Investment Banking and Institutional Banking. With over 10,500 employees, IIFL Holdings Limited has a consolidated net worth of over Rs. 45 billion. Over 300 of the world’s leading institutional investors depend on their research, which encompasses over 500 stock options. According to the company financials, they have Rs. 233 billion worth of loan AuM and Rs. 1,250 billion worth of assets under advice.

Key information

Mutual fund IIFL Mutual Fund
Set up 23 March 2011
Incorporated 22 March 2010
Sponsors IIFL Wealth Management Limited
Trustee IIFL Trustee Limited
MD and CEO Prashasta Seth
Investor Service Officer Shawn Sequeira
Compliance Officer Kavita Khatri

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Top Fund Managers

1. Mr. Prashasta Seth

Mr. Prashasta Seth is the Chief Investment Officer- Equity and Senior Managing Partner at IIFL Mutual Fund.In his decade long stint at the firm, he has most notably been the key driver behind setting up the Equity desk and taking it to where it is now.
Mr. Seth has nearly 2 decades of experience in the financial markets. His specialisation lies in developing prudent investment strategies and generating research reports. He has previously worked with J.P.
Mr. Seth is a PGDM in Finance from IIM-Ahmedabad as well as a B.Tech from IIT-Kanpur. The total AuM under his management is a touch over Rs. 50 Crore. All three funds have continuously netted over 15% in returns.

2. Mr. Balaji Raghavan

Mr. Balaji Raghavan is Chief Investment Officer- Real Estate and a Managing Partner at IIFL Mutual Funds. He has over 20 years of industry experience in Real Estate Financing and Banking segments.
Mr. Raghavan has been associated with IIFL Mutual Fund since its inception in 2010. Along with Mr. Seth, he has built and deployed the funds managed by IIFL, especially in the Debt segment. He has personally carried out 70 transactions and built up an investment portfolio of over $1 billion.
Before he joined IIFL, Mr. Raghavan was the Joint General Manager at ICICI Bank for almost 5 years. He spearheaded their mortgage finance business while managing multiple portfolios across distribution, relationships and risk domains. Before that, Mr. Raghavan was a Vice President at ABN AMRO Bank for 3 years.
Mr. Raghavan has an MBA in Finance from T.A Pai Management Institute, Manipal. At IIFL, he manages 7 Debt funds, most notably IIFL Dynamic Bond and IIFL Liquid Fund.

3. Mr. Aniruddha Sarkar

Mr. Aniruddha Sarkar is an MBA in Finance from International Management Institute, New Delhi and a B.Com in Accountancy from St. Xavier’s College, Kolkata. He began his career at Sutherland Global Services as a Research Analyst in charge of emerging markets.
Mr. Sarkar joined IIFL Investment Managers in 2008 and has served in various capacities within the company. He joined as a Senior Equity Research Analyst and was directly involved in setting up the Equity desk at the firm.
In 2010, Mr. Sarkar was elevated to the post of Associate Vice President, where he managed the portfolio of multiple HNI clients. After three and a half years at the post, Mr. Sarkar was promoted to the post of Vice President and Portfolio Manager, a position he held for another three and a half years.
Mr. Sarkar moved on to IIFL Mutual Funds in 2017 as a Principal Fund Manager, wherein he manages the Discretionary Multisector and Multicap Equity funds.

4. Mr. Mehul Jani

Mr. Mehul Jani has over 15 years of experience in the Indian as well as global finance markets.
Mr. Jani was an Associate with Morgan Stanley in London from 2004 to 2008, where he gained valuable insights into the global economic scenario. His next stint was with DSP BlackRock Investment Managers, where he played the dual role of Research Analyst and Fund Manager. He was associated with the company for 10 years before he took up his current position at IIFL Mutual Fund.
At IIFL, Mr. Jani is responsible for managing the Listed Equity Funds worth a net AuM of Rs. 667 Crore.

5. Vikrant Sibal

Mr. Vikrant Sibal is a Principal Fund Manager at IIFL, with industry experience spanning over 15 years. Mr. Sibal has worked with several companies before joining IIFL. He started as a Research Analyst at Americorp Capital in 2003 and moved over to HDFC Securities Ltd. in the same position later that year. In 2005, Mr. Sibal joined ICICI Venture Funds Management as a Vice President. He spent the next 7 years of his career at this post, after which he joined Brand Capital as its Deputy General Manager.
Mr. Sibal finally joined IIFL in 2016 and has been a pivotal part of its fund management team ever since. He mostly manages Private Equity funds and has led the company’s investment in several companies such as Box8, Hopscotch, Bikaji Foods and Infigo Eye Care. Mr. Sibal is also an independent Board Member in the aforementioned companies.
Academically, Mr. Sibal is a B.Com from Narsee Monjee College of Commerce & Economics as well as an MBA in Finance from SIESCOMS. He has also cleared CFA Level 2 and ICSI.

IIFL Focused Equity Fund Growth

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.95% returns in the last 1 year.

IIFL Dynamic Bond Fund Growth

Fund Objective: The investment objective of the scheme is to generate income and long term gains by investing in a range of debt and money market instruments of various maturities.

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