IL&FS Mutual Fund's Strategic Payout: A Milestone in Infrastructure Debt Investment

IL&FS Mutual Fund has announced the distribution of Rs 262 crore to investors through its Infrastructure Debt Fund, raising the total payout to Rs 1,900 crore over a six-year period. This move exemplifies the firm's commitment to delivering consistent returns to its stakeholders.

The IL&FS Infrastructure Debt Fund Series 3B was redeemed on May 7, achieving a punctual payout that reflects an 8% annual return. This successful venture stands as the fifth on-time redemption executed by the mutual fund, cementing its proficiency in managing infrastructure investments.

Managed by IL&FS Infra Asset Management Ltd, the fund targets established financial entities like banks, pension funds, and sovereign wealth funds. Following governmental oversight in 2018, IL&FS Group has regained investor trust, ensuring financial stability and compliance in capital markets.

(With inputs from agencies.)