IIFL Mutual Fund (historical)
IIFL Mutual Fund was the asset management arm of IIFL Holdings , one of India’s diversified financial services groups, operating as a focused boutique AMC. The entity was subsequently merged with the broader 360 ONE wealth management group following IIFL Wealth’s rebranding to 360 ONE. The mutual fund operations continue today under the 360 ONE Mutual Fund brand.
For Indian retail investors who held IIFL Mutual Fund scheme units, the entity is now part of 360 ONE Mutual Fund. The transition was structural rather than disruptive, with folios and units continuing through the rebrand.
Background
Establishment
IIFL Mutual Fund was launched as part of IIFL Holdings’ diversification into asset management, complementing the broader IIFL Securities (broking) and IIFL Wealth (HNI wealth management) operations. The AMC focused on:
- HNI-oriented equity schemes.
- Focused / concentrated portfolio strategies.
- Quality-bias multi-cap funds.
Scheme portfolio
Notable schemes during the IIFL era:
- IIFL Focused Equity Fund.
- IIFL Quant Fund.
- IIFL Liquid Fund.
- IIFL Dynamic Bond Fund.
The scheme count was smaller than larger AMCs, reflecting IIFL’s focused-AMC strategy.
Transition to 360 ONE
IIFL Wealth rebrand
In the early 2020s, IIFL Wealth (the HNI wealth management arm) rebranded to 360 ONE WAM Limited, marking a strategic positioning shift toward higher-end wealth management.
Mutual fund continuation
The mutual fund operations transitioned to the 360 ONE brand:
- Schemes rebranded to “360 ONE …” prefix.
- Fund management approach continued.
- Investor folios preserved.
Successor entity
360 ONE Mutual Fund is the operational successor, continuing the focused-equity and HNI-oriented investment philosophy of the IIFL era.
Legacy
The IIFL Mutual Fund brand was retired during the 360 ONE transition. Schemes continue under the successor brand with broadly continuous management.
See also
- Mutual funds in India
- 360 ONE Mutual Fund
- IIFL Holdings
- IIFL Wealth
- HSBC L&T acquisition (2022)
- Bandhan IDFC acquisition (2022)
- Sundaram Principal acquisition (2021)
- Nippon Reliance acquisition (2019)
- Trust structure (sponsor, trustee, AMC)
- AMFI
- SEBI
External references
References
- SEBI orders on the IIFL-360 ONE transition.
- 360 ONE WAM corporate disclosures.
- AMFI Best Practice Guidelines.