IIFL Mutual Fund Launches IIFL Dynamic Bond Fund

Report by Santanu Ganguly: IIFL Mutual Fund announces its new offering of an open-ended Income Scheme—IIFL Dynamic Bond Fund (‘Scheme’), with an objective to generate income and long term gains by investing in a range of debt and money market instruments of various maturities. The scheme will seek to flexibly manage its investment across the maturity spectrum with a view to optimize the risk return proposition for the investors.

The asset allocation will be in Debt Market Instruments and/or Money Market Instruments to the extent of 100%.

Mr. Gopinath Natarajan, CEO, IIFL AMC, said, “With the current macroeconomic scenario giving more space to RBI for monetary easing measures, we are pleased to offer an investment opportunity to investors in the form of IIFL Dynamic Bond Fund. IIFL Dynamic Bond Fund will not only seek to provide opportunity to investors to benefit from current scenario of falling yields but also aim to optimize returns in the long term by flexibly allocating assets across category of instruments and maturities.”

There are three options offered under this scheme – Growth, Dividend and Bonus —and a special facility of Systematic Investment Plan (SIP).

There is no entry load, while an exit load of 0.50% will be charged for exit on before 6 months from the date of allotment. The units of the scheme are available in the dematerialized mode also.

Mr. Rahul Aggarwal, aged 31 years, is a PGDM from IIM Calcutta, B.E. (Computer Science) and Certified FRM (Financial Risk Manager). He has over 8 years of experience including experience in capital markets, especially on fixed income, credit risk, trading and portfolio management. Prior to joining IIFL Mutual Fund, he was associated with L&T Mutual Fund.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

India Infoline Asset Management Company Ltd. (IIFL AMC) is a public limited company incorporated under the Companies Act, 1956 on March 22, 2010. IIFL AMC has been appointed as the Investment Manager to IIFL Mutual Fund by India Infoline Trustee Company Ltd. (IIFL Trustee). The Board of Directors of IIFL AMC comprises Ms Homai Daruwalla, Mr Pranab Pattanayak and Mr R. Venkataraman, who are personnel with impeccable academic and professional credentials and have adequate experience in finance and financial services related field.

India Infoline Ltd. is the Sponsor of IIFL Mutual Fund. India Infoline Limited along with its subsidiaries (IIFL), is one of the leading players in the Indian financial services space.. IIFL offers advice and execution platform for the entire range of financial services covering products ranging from Equities and derivatives, Commodities, Wealth management, Asset management, Insurance, Fixed deposits, Loans, Investment Banking, GoI bonds and other small savings instruments. It owns and manages the website, www.indiainfoline.com, which is one of India’s leading online destinations for personal finance, stock markets, economy and business.

A network of over 4, 000 business locations spread over more than 900 cities and towns across India facilitates the smooth acquisition and servicing of a large customer base. All the offices are connected with the corporate office in Mumbai with cutting edge networking technology. The group caters to a customer base of about a million customers, over a variety of mediums viz. online, over the phone and at its branches.