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Top IL&FS Infra Mutual Funds - SIP Schemes, Performance, Returns 2025

IL&FS Infrastructure Debt Fund (IDF) is a specialised mutual fund in India that primarily invests in infrastructure debt instruments. Managed by IL&FS Infra Asset Management Limited (IIAML), a subsidiary of IL&FS Investment Managers Limited. As of 28th October 2025, the asset management company has assets under management (AUM) of ₹885.25 cr.

Top IL&FS Infra Mutual Funds in 2025

Top IL&FS Mutual Funds in India (2025)

Here's the list of top IL&FS mutual funds across equity, debt, hybrid funds offered by IL&FS Infra Asset Management Ltd.

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Showing 1 - 3 of 3 results

last updated at 8:00 AM IST 
NameMFs (3)Sub CategorySub CategoryPlanPlanAUMAUMAMCAMCNAVNAVAbsolute Returns - 3MAbsolute Ret. - 3MAbsolute Returns - 1YAbsolute Ret. - 1YCAGR 3YCAGR 3YExpense RatioExpense RatioExit LoadExit LoadVolatilityVolatilitySharpe RatioSharpe Ratio
1.IL&FS Infra Debt Fund - Series 2-B
IL&FS Infra Debt Fund - Series 2-B
Sectoral Fund - Infrastructure (Debt)
Sectoral Fund - Infrastructure (Debt)
Growth
Growth
376.12
376.12
IL&FS Infra Asset Management Limited
IL&FS Infra Asset Management Limited
2.09
2.09
8.07
8.07
27.06
27.06
-
-
-
-
-
-
-
-
2.IL&FS Infra Debt Fund - Series 2-C
IL&FS Infra Debt Fund - Series 2-C
Sectoral Fund - Infrastructure (Debt)
Sectoral Fund - Infrastructure (Debt)
Growth
Growth
296.24
296.24
IL&FS Infra Asset Management Limited
IL&FS Infra Asset Management Limited
2.13
2.13
8.45
8.45
23.45
23.45
-
-
-
-
-
-
-
-
3.IL&FS Infra Debt Fund - Series 2-A
IL&FS Infra Debt Fund - Series 2-A
Sectoral Fund - Infrastructure (Debt)
Sectoral Fund - Infrastructure (Debt)
Growth
Growth
218.89
218.89
IL&FS Infra Asset Management Limited
IL&FS Infra Asset Management Limited
2.50
2.50
7.10
7.10
35.69
35.69
-
-
-
-
-
-
-
-

Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Selection criteria: AMC: IL&FS Infra Asset Management Limited | AUM: Sorted from Highest to Lowest

What are IL&FS Mutual Funds?

ILFS Mutual Funds are mutual funds managed by IL&FS Infra Asset Management Limited (IIAML), which is part of IL&FS Investment Managers Limited. These funds mainly invest in debt instruments related to infrastructure projects, like roads, power plants, and other large infrastructure developments.

Key Information About IL&FS Infra Asset Management Limited

Here are the key details about IL&FS Infra Asset Management Limited-

Category Details
Established 2013 (Registered under Indian Companies Act)
AMC Name IL&FS Infra Asset Management Limited (IIAML)
Ownership Subsidiary of IL&FS Investment Managers Limited
Assets Under Management (AUM) ₹885.25 cr as of October 2025
Number of Schemes 3 schemes
Regulatory Registration Registered with SEBI
Headquarters The IL&FS Financial Centre, Bandra Kurla Complex, Mumbai
Managing Director & CEO Neelesh Vernekar
Strategic Partnership Part of IL&FS Group, a leading infrastructure development company in India

Types of Funds Offered by ILFS Infra Mutual Fund

Series 1-A, 1-B, and 1-C – Infrastructure Debt Funds

These are close-ended Debt funds that invest in infrastructure projects. Series 1-A, 1-B, and 1-C have tenures of 5, 7, and 10 years, respectively. The main goal is to generate income and grow the investment by focusing on high-quality infrastructure debt, such as projects in power, transportation, and other sectors.

Series 2-A, 2-B, and 2-C – Infrastructure Debt Funds

These funds invest in debt instruments linked to infrastructure projects, with tenures of 5, 8, and 12 years. The aim is to offer income and capital growth by focusing on the infrastructure sector.

Series 3-A and 3-B – Infrastructure Debt Funds

The Series 3 funds, with tenures of 5 and 7 years, focus on infrastructure debt instruments. These funds aim to provide income and capital growth through investments in infrastructure-related debt.

Overview Top IL&FS Infra Mutual Fund Schemes

IL&FS Infra Debt Fund - Series 2-B

This is a closed-ended debt fund with a 5-year investment period. It primarily invests in debt instruments related to infrastructure projects, and allows investors to choose between the Growth or Dividend Payout options. The fund is managed by IL&FS Infra Asset Management Limited.

IL&FS Infra Debt Fund - Series 2-C

This close-ended debt fund has a tenure of 8 years. Like Series 2-A, it focuses on infrastructure debt instruments to generate income and capital appreciation. Investors can select either the Growth or Dividend Payout option. The fund is also managed by IL&FS Infra Asset Management Limited.

IL&FS Infra Debt Fund - Series 2-A

Series 2-C is a close-ended debt fund with a 12-year tenure. It invests mainly in infrastructure debt instruments to provide income and capital growth. Just like other IL&FS Infra funds, it also offers growth and Dividend Payout options for investors.

How to Invest in IL&FS Infra Mutual Funds?

Here’s how you can identify and invest in top IL&FS Infra Mutual Funds with Tickertape Mutual Fund Screener -

  1. Launch Tickertape Mutual Fund Screener.
  2. Add a filter “AMC” and select “ IL&FS Infra Asset Management Limited”.
  3. Sort out the top IL&FS Infra Mutual Funds based on over 50 fundamental and technical filters.
  4. After identifying the IL&FS Infra mutual fund that aligns with your investment thesis, click on “Place Order” to invest in the ILFS mutual fund.

With Tickertape Mutual Fund Screener, you can invest via ‘lumpsum’ or start a ‘SIP’ in IL&FS Mutual Funds. Moreover, by connecting your portfolio, you can do a deep analysis of your portfolio and assess its performance.

Top IL&FS Infra Mutual Funds Managers

Neelesh Vernekar

Neelesh Vernekar has more than 20 years of experience in corporate and investment banking. He has worked with top international and private banks, including Standard Chartered Bank and Axis Bank. He specialises in corporate finance, infrastructure project finance, structured finance, and capital markets. His experience covers a wide range of clients, from mid-market companies to multinational corporations. Mr. Vernekar holds a Ph.D., a Post Graduate Diploma in Management (PGDM), and a Bachelor’s in Engineering (BE).

Risks Associated with IL&FS Infra Mutual Funds

Credit Risk

These funds invest in debt instruments related to infrastructure projects. The financial health of the companies issuing these instruments can affect the value of the investment. For example, during the IL&FS crisis in 2018, some mutual funds holding IL&FS-related securities had to lower their valuations by up to 25% due to downgrades in credit ratings.

Liquidity Risk

Infrastructure debt funds are typically close-ended, meaning the investment is locked in for a set period. This structure makes it harder for investors to access their money before the fund matures, especially if the underlying assets become difficult to sell.

Interest Rate Risk

Changes in interest rates can impact the value of the debt instruments in these funds. When interest rates rise, the value of existing bonds may fall, which can affect the fund's overall value (known as the Net Asset Value or NAV).

Operational and Governance Risks

The performance of the fund depends on how efficiently it is managed. If there are issues with the fund's operations or governance, it could negatively affect the returns and investor confidence.

Regulatory and Policy Risks

Changes in government policies, tax laws, or regulations can affect the infrastructure sector, which could, in turn, impact the fund’s performance. These changes can affect the revenue generated by infrastructure projects and the overall investment environment.

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Factors to Consider Before Investing in IL&FS Infra Mutual Funds

Investment Horizon

These funds are close-ended, meaning the investment is locked in for a set period, such as 5, 8, or 12 years. This means that investors should be ready to hold their investment until the fund matures, as early withdrawals may not be allowed.

Risk Profile

These funds invest in debt instruments linked to infrastructure projects. This comes with risks such as credit risk (the chance the issuer may default), interest rate risk (how changes in interest rates affect the value of bonds), and liquidity risk (difficulty in selling the investment). It's important to understand these risks and ensure you are comfortable with them before investing.

Credit Ratings

The performance of these funds is influenced by the credit quality of the debt instruments they invest in. Checking the credit ratings of the securities in the fund will help you understand the level of risk involved.

Fund Manager’s Track Record

The fund manager's experience and past performance are crucial for the success of the fund. It’s a good idea to research the fund manager’s history and how well they have managed other funds.

Exit Load and Liquidity

Some funds may charge an exit load if you redeem your investment before the specified time. It’s important to understand the exit load and liquidity terms to know how easily you can access your money if needed.

Documents Required to Invest in IL&FS Infra Mutual Fund

Here are a few documents you may require to invest in IL&FS Infra Mutual Funds:

  1. Know Your Customer (KYC) Compliance
  2. Common Application Form
  3. Proof of Identity (PoI)
  4. Proof of Address (PoA)
  5. Passport-sized Photograph
  6. Proof of Bank Account
  7. Additional Documents for Specific Categories (e.g., Non-Individuals, HUF, Partnership Firms)
  8. NRI Investors: Overseas Address Proof, Bank Account Proof, FIRC/Banker’s Certificate
  9. Minor Investors: Proof of Date of Birth, Guardian's KYC Documents

Note: For the latest details, visit IL&FS Mutual Fund's official website.



Conclusion

ILFS Infrastructure Debt Funds offer investors an opportunity to invest in India's growing infrastructure sector. However, it's essential to acknowledge the challenges these funds have faced. Investors need to conduct thorough research and due diligence. Assessing personal risk tolerance, understanding the fund's portfolio, and staying informed about the regulatory environment are crucial steps. Investors can utilise tools like the Tickertape Mutual Fund to compare and analyse different ILFS mutual funds to aid their investment decisions.

Frequently Asked Questions About ILFS Mutual Funds

  1. How to start IL&FS Infra mutual funds SIP online?

    Here’s how you can start a SIP in IL&FS Infra mutual funds,

    1. Launch Tickertape Mutual Fund Screener.
    2. Select the IL&FS Infra Mutual Funds that align with your investment goals.
    3. Click on “Place Order” and select the option “SIP”. Enter the SIP amount and confirm “OK”

    Your order will be placed.

  2. How to calculate IL&FS Infra mutual funds returns?

    Here’s how you can calculate returns on your IL&FS Infra mutual fund investment -
    Absolute Return = ((Current NAV - Initial NAV) / Initial NAV) * 100

    With this formula you can measure how much your investment has grown in total. Moreover, you can also use Tickertape Mutual Fund Screener to get latest data on the IL&FS Infra mutual funds’s performance.

  3. Does IL&FS Infra mutual fund offer tax-free mutual fund schemes?

    IL&FS Infra Mutual Fund does not offer tax-saving schemes. The IL&FS Infra Asset Management Limited currently manages only three debt funds, which do not provide tax exemptions under sections like 80C.

  4. How to cancel/stop IL&FS Infra mutual funds SIP?

    To cancel an IL&FS Infra mutual funds SIP, please refer to the official website.

    Disclaimer: Please do your own research or consult your financial advisor before making financial decision.

  5. How to withdraw money from IL&FS Infra Mutual Funds?

    Here’s how to withdraw/redeem from IL&FS Infra mutual funds on Tickertape Mutual Fund Screener -

    1. Step 1 - Select the IL&FS Infra mutual funds you want to redeem
    2. Step 2 - It will automatically redirect you to smallcase app. There you’ve to login to your smallcase account using your registered email or broker login.
    3. Step 3 - Go to the “Investments” or “Portfolio” tab from the bottom navigation bar.
    4. Step 4 - Find the IL&FS Infra mutual funds you want to withdraw under “Mutual Funds” section (or “My Investments”),
    5. Step 5 - Tap on the mutual fund

  6. What are the redemption charges of IL&FS Infra mutual funds?

    IL&FS Infra mutual funds do not levy any redemption charges. However, an exit load may apply if units are redeemed within a specified period from the date of investment. You can check the latest specific scheme details for charges on the Tickertape Mutual Fund Screener.

  7. Which are the top-performing funds of IL&FS Infra mutual funds?

    Here are the top IL&FS Infra mutual funds based on their 5Y CAGR:

    1. IL&FS Infra Debt Fund - Series 2-B
    2. IL&FS Infra Debt Fund - Series 2-A
    3. IL&FS Infra Debt Fund - Series 2-C

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  8. How to increase the SIP amount in IL&FS Infra mutual funds?

    You can do it from your broker account or from the IL&FS Infra mutual fund official website.

  9. How to choose the best IL&FS Infra Mutual Funds before investing?

    Here’s how to choose the best IL&FS Infra mutual funds for investing -

    1. Assess your risk tolerance.
    2. Analyse the fund’s performance on Tickertape Mutual Fund Screener.
    3. Compare the expense ratio.
    4. Evaluate portfolio diversification across sectors, market c=aps, and asset classes.
    5. Understand tax implications as equity and debt funds are taxed differently.
    6. Check for exit load and lock-in period.


    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.