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Being Passive

IIFL Mutual Fund was incorporated over two years ago, but so far has only two funds on offer…

Incorporated over two years ago, IIFL Mutual Fund so far has just two offerings for the investors: an index fund and an ETF. It is an arm of India Infoline Limited, a financial services company.
A distributor rolling back as a financial product manufacturer has the ability to reach out to a wide spectrum of customers. Seems like early days while it articulates a differentiated strategy for business as there are only two passively-managed funds in its stable.