IL&FS Mutual Fund, among the many largest infrastructure debt funds within the Mutual Fund format, on Wednesday stated it made an on-time redemption in IL&FS Infrastructure Debt Fund Series 1C (IDF Scheme 1C), redeeming ₹606 crore towardsthe unique invested capital of ₹275 crore giving an annual return of 8% to traders since inception.
The IDF scheme 1C was redeemed on 30 April.
Previously, IL&FS Mutual Fund had redeemed schemes on time as per schedule 1A in April 2019, 1B in April 2021 and 3A in January 2023.
“Total funds returned to investors of the mutual fund over the past five years since April 2019 has been ₹1580 crore,” IL&FS Mutual Fund stated in a press release.
