IIFL is a well-known brand in the financial services industry of India. IIFL Asset Management creates well structured mutual funds products for their range of clients and comes up with a good way of investment under the IIFL mutual fund.
Reaping this service, you can plan stocks for long term investment and short-term investment with the firm for that you can subscribe to IIFL NCD before its closure date and maximize your wealth.
You can expect a better return on investment by picking the right scheme and investing in mutual funds with IIFL.
IIFL mutual fund portfolio is created by focussing only on those stocks which are of high quality and the probability of showing good returns is high.
In this article, we will be discussing various aspects related to IIFL mutual fund, how to invest money in their funds, etc.
IIFL Mutual Fund Review
IIFL mutual fund products are made to meet the specific requirements of different kinds of clients. Mutual funds are basically a portfolio of stocks that are supposed to be high performing. These are managed by mutual fund managers.
If you do not have the time and energy to study the details of different stocks but still want to invest in the stock market, IIFL mutual fund is one of the options to invest your money.
Different kinds of mutual fund products are created based on returns that can be generated from them, risks related to investing in them, the time horizon of investment, etc.
You can open an account with IIFL for investing in IIFL mutual fund. In this article, we will discuss all the kinds of IIFL mutual fund account and the kinds of mutual funds offered by them.
IIFL Mutual Fund Schemes
Now, let us discuss the different categories of IIFL mutual fund and all the details about them. They are as follows –
1) Equity Funds
They have two options in equity funds:
IIFL Focused Equity Fund
This was previously known as IIFL India Growth Fund
In this, the investment is done in a maximum of 30 stocks that belong to different market capitalization. The investment horizon of this IIFL mutual fund is long-term.
The minimum amount of money that a client can invest in this scheme is Rs. 500
IIFL Capital Enhancer Fund Series 1
This is no longer existing as it got merged into the former from October 2019.
2) IIFL Liquid Fund
This IIFL mutual fund scheme is good for those investors who want to invest in shorter time durations. The investments done under this are in the money market and debt instruments.
These debt instruments are short term whose maturity is not beyond the tenure of 91 days.
The minimum amount of money that a client can invest in this IIFL mutual fund is Rs. 5000.
3) IIFL Dynamic Bond Fund
This IIFL mutual fund is appropriate for those investors who want an income from mutual funds and a long term return on their investment.
The investments done under this IIFL mutual fund are in a range of money market and debt instruments. These debt instruments have different maturity dates.
The minimum amount of money that a client can invest in this IIFL mutual fund is Rs. 10,000.
Now you can have a detailed analysis of these mutual fund schemes through various IIFL Trading Platforms like IIFL TTWeb, IIFL Trader Terminal, IIFL Markets etc.
IIFL Mutual Fund SIP
You can start investing in IIFL mutual fund by start investing in SIP plans. This gives you the facility to invest your funds in a disciplined manner.
It allows an investor to invest a fixed sum of money at a regular or say pre-defined time in any of the above mutual fund schemes.
You can invest a fixed sum for a different period. This is beneficial for most investors as they can invest in a time-bound manner without worrying much about the dynamic nature of the market.
Also, it is fruitful for the long-term investment due to the average cost of investment and its power of growing.
The above mentioned IIFL mutual fund schemes can be utilized through a systematic plan (SIP). There are two options of investing in this scheme –
The first method of investing in IIFL mutual fund SIP is to invest Rs. 1000 per month for at least 6 months.
The second method of investing in IIFL mutual fund SIP is to invest Rs. 1500 per quarter for at least 4 quarters.
IIFL Mutual Fund NAV
TheNet Asset Value (NAV) is the net value of the entity which is calculated as the difference of the total value of equity of the asset and total value of liabilities.
In simple terms, the NAV represents the per share/ unit price of the fund on the specific date and time. It is commonly used to identify potential investment opportunities within mutual funds, ETFs, or indexes. One could also use net asset value to view the holdings in their own portfolio. To invest in any of the aforementioned assets, an investment account would be needed.
Before considering to invest in your money in any IIFL mutual fund, it is imperative to check their NAVs. If you go to the website of IIFL AMC, you need to select the NAV option under the “Our Funds” section.
You need to choose the appropriate options in three categories which are Fund types, scheme types, and plan types.
Once you choose the IIFL mutual fund scheme you want to invest in, it will show you the NAV of that fund with complete details.
IIFL Mutual Fund Account
Before making any kind of investment through IIFL it is essential to open the account and also grab maximum information on is IIFL Safe?
If you find the firm secure enough you can open an IIFL mutual fund account.
For this, you need to go to their website and fill in the details asked on the IIFL mutual fund account opening page. These are just basic details like name, your email address, and phone number.
Other than filling the account opening form, there are three things that you need to have to open a paperless online mutual fund account.
You need to have a PAN card, a cancelled cheque, and a GST registration proof, if applicable.
Enter all the details, and upload the documents required for the account opening process.
Once you end up with the account opening process you can analyze the best Mutual fund schemes using the IIFL Markets and can buy or Start SIP in no time.
IIFL Mutual Fund Login
Once the account opening information has been filled on the website and the documents have been uploaded, your account gets opened.
You will be provided with the IIFL mutual fund login details with which you can access your IIFL mutual fund account online as and when you want. You also have the option of creating your own username and password for logging into the account.
Just use the login details and start investing in the fruitful schemes by doing a proper analysis.
There is a mobile phone application of IIFL Securities Mutual Funds. After opening an account with them, IIFL mutual fund app should be downloaded on your mobile phones for the ease of accessing and managing your account.
This app has got quite good reviews from investors. It has many beneficial features some of which have been discussed below –
The IIFL mutual fund account can be opened through it very easily.
You can buy and sell mutual funds from one of the best AMCs. The funds can be chosen from a wide range of funds like equity-oriented, ELSS, debt-oriented, hybrid, etc.
There is an option of direct plans where you can invest directly in a mutual fund scheme with 0 commission to the manager.
You can also start a SIP with the help of which you can invest any pre-decided amount at regular intervals.
IIFL mutual fund app also provides the facility of the recommendation of mutual funds. Complete details like the performance of the mutual fund, charts, etc can be checked out on this app.
There are some options for those mutual funds that help in saving taxes.
You can view and track your investments by asset classes through the app. Also, research-related things like daily NAVs, historical NAV, etc. can also be availed through this IIFL mutual fund app.
When you go to the IIFL Mutual Fund website, you get an option to download the expense ratio of the mutual fund products. An expense ratio is actually the fee charged by the mutual funds from their clients in exchange for managing their investments.
For example, if theexpense ratio of a fund is 3% and you have invested Rs. 10,000 in the mutual fund, then, Rs. 300 will be paid to the fund every year as their charges.
The exact expense ratios should be checked before deciding to invest in any IIFL mutual fund scheme.
You can also read detailed information on IIFL mutual fund by reaching its customer care executive. The firm gives you many ways to clear all your doubts and queries.
Here are the complete details of the various ways of how you can get in touch with the team for support and other services.
IIFL Mutual Fund Customer Care
Toll Free Number
IIFL mutual fund is a good option to consider when one has decided to start investing in MFs. There are different kinds of mutual funds that are created for different variety of clients based on their preference of returns and risks along with the time duration of their investments.
All the details about IIFL MF must be checked before investing like NAV, Expense ratio, etc. Opening an IIFL mutual fund account is easy and can be done in a few minutes with some basic documents by your side. Thus it provides versatile services to its clients to more than 200 IIFL branches in India.
Analyze the pros and cons of every scheme before reaching a conclusion to choose one. Stay updated, stay invested.