IIFL makes additional investment of Rs 34 crore in IIFL AMC

IIFL has enhanced the net worth of India Infoline Asset Management Company (IIFL AMC), the asset management company for its fund management business, by investing additionally Rs 34 crore. The net worth of IIFL AMC is increased to Rs 52 crore. The said investment is made by IIFL Wealth Management (IIFLW), the wealth management subsidiary of IIFL Group and holding company of IIFL AMC.

This demonstrates the strong focus of the group in asset management business, for managing mutual fund and AIF business, besides completing the requirements under SEBI (Mutual Funds) (Amendment) Regulations, 2014, mandating Asset Management Companies to maintain a minimum net worth of Rs 50 crore.

IIFL AMC has launched various equity and debt schemes under IIFL Mutual Fund with AUM of Rs 209 crore and more than 20,000 investors. IIFL AMC also manages Venture Capital Fund and Alternative Investment Fund(s) with aggregate commitment of more than Rs 2,200 crore.