IIFL AMC (HF)

Funds managed

Fund nameAsset class – categoryLicence
IIFL Opportunities FundEquity – long onlyIN/AIF3/20-21/0856

About

IIFL Asset Management Ltd. is part of IIFL Investment Managers (formerly IIFL Wealth & Asset Management Ltd). IIFL AMC is an India-focused global asset management firm, launched with an objective of providing differentiated investment products suited for the market environment.  IIFL AMC offers dual capabilities in onshore and offshore asset management. IIFL Asset Management Business refers to licensed asset management activity carried out by IIFL Investment Managers through its group companies based in Singapore, India and Mauritius. The AMC’s differentiated suite includes  mutual funds, alternative investment funds and venture capital funds spanning across public and private equities, fixed income securities and real estate. Its distinctive products bring out the entrepreneurial edge, agility and speed of execution of a boutique asset management firm.

IIFL Special Opportunities Fund – Series 2 is a close-ended scheme under Category II Alternative Investment Fund (AIF).  The fund seeks to generate long-term capital appreciation through investment in equity and equity-related instruments of to-be listed companies.

https://aif.iiflamc.com/

Key staff

Karan Bhagat – Founder, Managing Director & CEO – IIFL Wealth & Asset Management – Karan has more than two decades of experience in the financial services industry. He is responsible for providing direction and leadership towards the achievement of the organization’s philosophy, mission, vision and its strategic goals and objectives. He has built a team of experienced and talented professionals, who manage some of the most distinguished families in India & abroad. Under his able leadership, IIFL Wealth & Asset Management has grown from its humble beginnings to one of the leading wealth management companies in India managing around USD21 billion in client assets. He featured in Fortune India’s ‘40 under 40’ list in 2016 and 2017 and The Economic Times ‘40 under Forty’ list in 2017. He has received the URS Asia One Global Indian of the Year award in 2018. Karan holds an MBA in Finance from the Indian Institute of Management, Bangalore and acquired his bachelor’s degree in Commerce from St. Xavier’s College, Kolkata.

Manoj Shenoy – CEO and Whole-Time Director of IIFL Asset Management – Manoj joined the IIFL Wealth group (IIFLW) in April 2020 as Executive Director following IIFLW’s acquisition L&T Capital Markets Limited (LTCM). He is responsible for scaling up growth and developing robust processes keeping in line with customer centricity. Manoj with his stellar experience plays a pivotal role in areas of product innovation, digitalization and expanding our reach. Manoj has close to three decades of experience in the financial services industry. Prior to joining IIFL Wealth & Asset Management, he was CEO at L&T Financia Services – Wealth Management business. Besides a successful stint as CEO of EFG Wealth Management India, a subsidiary of ETG Bank – a boutique Swiss Private Bank, Manoj was also Executive Director at Anand Rathi Financial Services. Mr. Shenoy holds a bachelor’s degree in engineering from Bangalore University.

Anup Maheshwari – CIO

Investment philosophy

To do later

Media

IIFL AMC’s assets under management hits Rs 50,000 cr milestone, September 2021

https://www.businesstoday.in/mutual-funds/story/iifl-amcs-assets-under-management-hits-rs-50000-cr-milestone-308109-2021-09-30

IIFL launches Rs 1,500-crore fund to tap IPO-bound tech startups, Economic Times, March 2021

https://economictimes.indiatimes.com/tech/startups/iifl-amc-opens-rs-1500-crore-fund/articleshow/81638170.cms?from=mdr

Analyst questions

Why doesn’t the website have information about the fund?

Prepared by – Khushi Shah, October 2021

Author

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