IL&FS Mutual Fund Redeems ₹314-crore Debt Fund
IL&FS Mutual Fund, part of the troubled IL&FS Group, has made on-time redemption of its first debt fund series — IL&FS Infrastructure Debt Fund Series 1-A (IDF) — on Tuesday.
The scheme redeemed ₹314 crore to investors on the due date. The five-year close-ended scheme which had raised ₹238 crore from various institutional investors, was fully funded in April 2014.
The redemption of the scheme was approved by the board and trustees of IDF and meets all statutory compliances and applicable norms, said the fund house in a statement on Tuesday.
Post the redemption, IDF will continue to have assets under management of ₹1,800 crore raised from various investors spread across its remaining seven close-ended schemes.
The funds are invested in a diversified portfolio in various sub-sectors within the infrastructure sector. IL&FS and IL&FS Financial Services are among the first institutions to launch an infrastructure debt fund in partnership with LIC, GIC, the United India Insurance and the National Insurance.
The fund that was redeemed on Tuesday was the first of eight schemes in the portfolio that was due for payment on April 30. The remaining seven schemes have varying maturities, ranging from two to 12 years, with final maturity in 2031-32.
Two funds in the same series — IL&FS Infrastructure Debt Fund Series 1B and IL&FS Infrastructure Debt Fund Series 1C — have maturities of seven years (2021) and 10 years (2024), respectively.
USAA And U.S.VETS Expand Effort To Prevent Veteran Homelessness Before It Starts
New Financial Resiliency Program Combines Housing, Coaching and Financial Services to Help 50,000 Veterans Build Lasting... Read more
USAA Bank Launches New Rewards Credit Cards, Delivering Higher Value For Everyday Spending
New survey data shows consumers increasingly rely on rewards to offset everyday expenses, from groceries to gas Read more
USAA Names Mara Motherway Senior Vice President And Head Of Government Relations
Jul 09 2026 SAN ANTONIO — July 9, 2026 — USAA today announced the appointment of Mara Moth... Read more
USAA And Wounded Warrior Project Launch $5 Million Initiative To Help Veterans Build Financial Security During The Transition To Civilian Life
Warrior Secure Start is a purpose-built program that combines financial education, personalized coaching and empowerment... Read more
USAA To Honor Those Who Made 250 Years Of Freedom Possible
Through partnerships, events and community engagements, USAA will celebrate the service members whose sacrifices helped ... Read more
USAA Introduces Smoky: A K9 Ambassador Rooted In Military Heritage And Well-being
Company launches first-ever Chief Pawsitivity Officer and announces $60,000 grant to K9s For Warriors to support veteran... Read more