IIFL Mutual Fund is sponsored by India Infoline Limited (IIFL). The Sponsor is the Settlor of the Mutual Fund Trust. The Sponsor has entrusted a sum of 1,00,000 to the Trustee as the initial contribution towards the corpus of the Mutual Fund.
India Infoline Limited is the Sponsor of IIFL Mutual Fund. The IIFL (India Infoline) group, comprising the holding company, India Infoline Ltd (NSE: INDIAINFO, BSE: 532636) and its subsidiaries, is one of the leading players in the Indian financial services space. IIFL offers advice and execution platform for the entire range of financial services covering products ranging from Equities and derivatives, Commodities, Wealth management, Asset Management, Insurance, Fixed deposits, Loans, Investment Banking, GoI bonds and other small savings instruments. IIFL has also received approval for Securities Trading and Clearing memberships from Singapore Exchange (SGX) paving the way for IIFL to become the first Indian brokerage to get a membership of the SGX. IIFL also received membership of the Colombo Stock Exchange becoming the first foreign broker to enter Sri Lanka. IIFL owns and manages the website, www.indiainfoline.com, which is one of India's leading online destinations for personal finance, stock markets, economy and business.
IIFL has been awarded the 'Best Equity Broker of the Year' by Bloomberg UTV Financial Leadership Awards, 2011, Best Broker, India' by FinanceAsia in 2011 and 2008 and the 'Most improved brokerage, India' in the AsiaMoney polls. India Infoline was also adjudged as 'Fastest Growing Equity Broking House - Large firms' by Dun & Bradstreet. A forerunner in the field of equity research, IIFL's research is acknowledged by none other than Forbes as 'Best of the Web' and '…a must read for investors in Asia'.
A network of over 2,500 business locations spread over more than 500 cities and towns across India, IIFL facilitates the smooth acquisition and servicing of a large customer base. All offices are connected with the corporate office in Mumbai with cutting edge networking technology. The group caters to a customer base of about a million customers, over a variety of mediums viz. online, over the phone and branches.