IIFL Mutual Fund files offer document for its IIFL Balanced Fund.

IIFL Mutual Fund files offer document for its IIFL Balanced Fund.

IIFL Mutual Fund has filed a draft offer document with SEBI for its open ended balanced scheme called – IIFL Balanced Fund.

The scheme aims to generate stable returns by striking a balance between long-term growth and current income through a diversified strategy of investment across equity and fixed income securities. The scheme will be investing 65%-80% in equity or equity related instruments and 20%-35% in debt and money market instruments.

The benchmark of the scheme is CRISIL Balanced Fund Index. The fund will be managed by Manish Bandi.