New Delhi, IL&FS Mutual Fund on Wednesday said it has paid out a little over Rs 60 crore to investors in its infrastructure debt fund.
According to a statement issued by IL&FS Group, the debt scheme – IL&FS Infrastructure Debt Fund Series 1C – was redeemed on the due date of April 30, making it a timely redemption.
The scheme redeemed Rs 606 crore against the original invested capital of Rs 27 crore and has given returns of 8 per cent per annum to investors since inception.
IL&FS Mutual Fund (IDF), one of the largest infra debt funds in the mutual fund format, had successfully redeemed the schemes on time in January 2023.
A total of Rs 1,580 crore has been returned to mutual fund investors in the last five years.
IL&FS Infrastructure Debt Fund is managed by IL&FS Infra Asset Management Limited. The fund's target investors are banks, pension funds, insurance companies, foreign investors, sovereign wealth funds and bilateral or multilateral associations.
In October 2018, the Government of India took over management control of IL&FS Group through the Ministry of Corporate Affairs and appointed a new board to control defaults and restore confidence and financial stability in the capital markets.
According to a statement issued by IL&FS Group, the debt scheme – IL&FS Infrastructure Debt Fund Series 1C – was redeemed on the due date of April 30, making it a timely redemption.
The scheme redeemed Rs 606 crore against the original invested capital of Rs 27 crore and has given returns of 8 per cent per annum to investors since inception.
IL&FS Mutual Fund (IDF), one of the largest infra debt funds in the mutual fund format, had successfully redeemed the schemes on time in January 2023.
A total of Rs 1,580 crore has been returned to mutual fund investors in the last five years.
IL&FS Infrastructure Debt Fund is managed by IL&FS Infra Asset Management Limited. The fund's target investors are banks, pension funds, insurance companies, foreign investors, sovereign wealth funds and bilateral or multilateral associations.
In October 2018, the Government of India took over management control of IL&FS Group through the Ministry of Corporate Affairs and appointed a new board to control defaults and restore confidence and financial stability in the capital markets.
