IL&FS Infra Asset Management is one of India’s leading infrastructure development and financial services companies. The firm, which is also supported by companies such as the central bank of India, Unıt Trust of India, has been in this sector for years. It offers its funds not alone but in partnership with different companies.
IL&FS Infra Asset Management Limited and funding system
The company offers 3 funds under the name of Infrastructure debt fund. All the funds it offers are currently closed. So what were the names and features of the funds?
- IL&FS INFRASTRUCTURE DEBT FUND- SERIES 3-A AND SERIES 3-B
- IL&FS INFRASTRUCTURE DEBT FUND- SERIES 2-A AND SERIES 2-B
- IL&FS INFRASTRUCTURE DEBT FUND- SERIES 1-A AND SERIES 1-B
The purposes of the funds are common; earning long-term income and capital gain by investing in debt instruments. There are two investment options for all of them. While one of them is the Growth option, the other is the dividend payment option.
The investment period of three funds has been determined as at least 5 years. And Neelesh Vernekar became the director of the funds. The funds were closed to users in 2018, 2015, and 2013 respectively.