IIFL raises alternate investment fund of Rs 628 crore
Quotes

IIFL raises alternate investment fund of Rs 628 crore

Last Updated: Tuesday, April 23, 2013, 18:31
 
 Comment 0
 
IIFL raises alternate investment fund of Rs 628 crore
Mumbai: Diversified financial company India Infoline on Tuesday said it has received commitments of Rs 628 crore for an alternate investment fund (AIF).

In a statement, the company has claimed that the commitments of Rs 628 crore it has received for the IIFL Income Opportunities Fund is the country's largest AIF fund raising till date.

An AIF invests in non-traditional assets that are not found in conventional investment portfolios.

The IIFL Income Opportunities Fund will invest in debt and debt-related instruments issued by 'good corporate groups; secured against quality assets and are structured to provide periodic cash flows, the statement said.

IIFL Wealth Management's chief executive and managing director Karan Bhagat said the management fees for the fund is among the lowest and added that unlike its peers, the company has decided not to charge a performance fees.

PTI



First Published: Tuesday, April 23, 2013, 18:31


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved