| Fund name | Asset class – category | License |
| IIFL Securities capital enhancer fund | Equities | AIF Cat3? |
About
Being an open ended hybrid fund, the scheme seeks to achieve long term capital appreciation with strategy hedging the portfolio with equity derivatives and Nifty 50 Put Option by investing in equity and equity related securities. IIFL CAPITAL Enhancer Fund Series 1 has been merged with IIFL Focused Equity fund The IIFL Focused Equity Fund was launched on 30 October 2014, by IIFL Mutual Fund.
Key staff
Prashasta Seth – has over 16 year of experience in the financial service industry. He is an MBA from IIM Ahmedabad and B tech from IIT Kanpur. His previous assignments include a stint in JP Morgan, London and heading Lrevna (A standard poor’s company).
Investment philosophy
- Value creation by capital preservation blended with opportunistic growth As a priority IIFL Securities focus on preservation of capital. They blend it with value creation through opportunities with extraordinary intrinsic value, reasonable valuations and disproportionate risk-reward characteristics.
- Active management with a long-term focus
An active management approach and long-term view are the key to our performance. In keeping with this view, they manage assets in line with an optimum risk and return spectrum.
- Local expertise and rigorous research
They leverage their in-depth local expertise and research-led ability to navigate volatile markets. They adopt a consistent investment management process and robust risk control mechanisms
- Unafraid to be unconventional:- They are unconventional and contrarian. They are not afraid to swim against the tide as long as they see value.
- Ethical and responsible investment For them at IIFL Asset Management, Trust and Ethics are of utmost importance. They integrate environmental, social and governance factors into their investment management process.
Media
- Document execution platform Legality picks up pre-Series A round from IIFL and Mumbai Angels.
https://yourstory.com/2021/07/funding-document-execution-platform-leegality-iifl-mumbai-angels/amp
Gurugram-based document execution platform Legality has raised pre-Series A funding led by IIFL Securities Capital Enhancer Fund. Existing investors including Mumbai Angels also participated in the round. While the funding amount has not been disclosed, Legality said it will be using the freshly infused capital to expand its team in key departments to accelerate product development and deepen enterprise adoption of its solution.
- Nine beneficiaries: Sectors that stand to gain from 9% growth
IIFL points to the recent improvement in companies’ earnings to support his faith in the domestic economy. He says his fund house is more confident of large-cap stocks benefiting from better domestic sentiments as “valuations in the mid- and small-cap space are high”. IIFL AMC recently launched the IIFL Capital Enhancer Fund-Series 1 that invests in 25 large-cap companies that are part of the Nifty 50.
Analyst questions
What do you think the position of IIFL securities capital Enhancer fund after participation of Mumbai Angels in the round?
What do you think about your merger with IIFL focused Equity Fund?
Prepared by- Kajal , September 2021
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