Top 10 Iifl Mutual Funds

Fund NameCategoryRisk1Y ReturnsRatingFund Size(in Cr)
IIFL Dynamic Bond FundDebtModerate5.4%2star366
IIFL Liquid FundDebtLow6.9%1star598
View All Top 10 Iifl Mutual Funds

Best IIFL Debt Mutual Funds

IIFL Asset Management is an India focused, global asset management firm which aims to offer unique products to investors that basically covers each investor’s requirement. Investors have diverse needs and IIFL creates a platform to meet those needs for each and every client.

Their portfolio has been designed as high-quality, high-conviction stocks so as to optimize investor's capital largely. The fund managers at IIFL follow a systematic research-oriented approach in order to maximize result.

What makes this asset management company stand out is the fact that they use a benchmark-agnostic approach, which basically means that they do not follow the concept of benchmarks. This further enables them to pick stocks with more flexibility. IIFL offers various schemes across different categories of mutual funds and they invest across various market capitalization.

If you are saving for very short-term goals like a vacation or buying an automobile, then this category is ideal for gains within one year. It is also an excellent resort to park your money until you decide where to invest or spend next. Returns are taxed as per your income tax slab if sold before three years and have negligible tax post that period.

Purpose: Invest here for your short term goals like a vacation, buying a bike, jewelry or expensive gadget.

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Now let us jump and check about these top 10 mutual fund schemes.

IIFL Dynamic Bond Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Dynamic segment and provided 7.37% annualized returns in the last 3 years. In the last 1 year, it gave 5.41% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 5.41% returns in the last 1 year. Groww rated this fund as 2 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Ankur Parekh

Launch Date23 Jun 2013
Min Investment Amt10,000
Groww Rating2star
AUM366Cr
1Y Returns5.4%

IIFL Liquid Fund - Direct - Growth

Fund Performance: This fund has consistently beaten its benchmark in Liquid segment and provided 6.79% annualized returns in the last 3 years. In the last 1 year, it gave 6.87% returns.

Why to invest: The fund has consistently beaten other funds in same category along with its benchmark and provided 6.87% returns in the last 1 year. Groww rated this fund as 1 Star. This is one of the best Debt mutual fund in India.

Fund Manager: Ankur Parekh

Launch Date12 Nov 2013
Min Investment Amt5,000
Groww Rating1star
AUM598Cr
1Y Returns6.9%

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What does investing in IIFL Debt Mutual Funds actually mean?

Suppose a mutual fund invests in ten stocks and total current market value of these stocks is 1.1 Crore. Out of this, the AMC deducts say, 0.1 Crore for operating the fund (this is known as the expense ratio). So the net value is 1 crore. Now the AMC will divide this 1 Crore into say, 10,000 parts. These parts are known as units. The cost of one unit is 1Cr/10,000 = Rs. 1000. This is known as the Net Asset Value (NAV) of the mutual fund. Suppose the AMC has set a minimum investment requirement of Rs. 500. Then if you pay Rs. 500, you will get 0.5 units of the fund. Remember that the cost of one unit is the cost when you made the purchase. Suppose after one year, the NAV has fallen to Rs. 700 per unit and you wish to exit the fund (also known as redemption), then you sell your 0.5 units back to the AMC and get 0.5 x Rs. 700 = Rs. 350 back. Yes, you invested Rs. 500 and got back Rs. 350 – a loss of 150 over a year. The point is, that you buy units at current NAV and sell units (fully or partially) at current NAV. This is what investing in mutual fund actually means.

How to invest in IIFL Mutual Funds on Groww?

One of the best ways to hedge against the small-cap volatility is to adopt a phased approach, also known as Systematic Investment Plan (SIP) approach. We are sure that you must be aware of SIP and its benefits. Buying in small quantity but buying regularly provides you with faster growth. On Groww.in, all transactions to and from AMC is done via BSE. When you decide to invest in a large cap mutual fund of your choice, you choose that mutual fund on the website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund. To be assured at your end, you can visit the individual AMC website after the payment. You would be able to see all your purchased units against your folio number.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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