IL&FS MF Pays Rs 262 Cr To Debt Infra Investors

New Delhi: IL&FS Mutual Fund has paid Rs262 crore to investors in its infrastructure debt fund, taking the total payout to Rs1,900 crore over the past six years, the company said.

The debt scheme -- IL&FS Infrastructure Debt Fund Series 3B -- was redeemed on May 7, making it a timely redemption. The scheme redeemed Rs 262 crore, against the original invested capital of Rs 153 crore, delivering a return of around 8 per cent per annum to the investors since inception, according to a statement issued by IL&FS Group. With this, the total amount of Rs 1,900 crore has been redeemed and returned to the investors over the past six years across different infrastructure funds under the portfolio. Previously, IL&FS Mutual Fund successfully made four on-time redemptions so far, including Rs 405 crore in Scheme 1A in April 2019.