{"id":272212,"date":"2019-05-01T06:09:24","date_gmt":"2019-05-01T06:09:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=272212"},"modified":"2019-05-01T06:09:24","modified_gmt":"2019-05-01T06:09:24","slug":"ilfs-mututal-fund-pays-out-rs-314-crore-on-redemption-of-its-5-year-debt-fund","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ilfs-mututal-fund-pays-out-rs-314-crore-on-redemption-of-its-5-year-debt-fund\/","title":{"rendered":"IL&amp;FS Mututal Fund pays out Rs 314 crore on redemption of its 5-year debt fund"},"content":{"rendered":"<p>IL&amp;FS Mutual Fund on Tuesday paid out `314 crore on redemption of its 5-year infrastructure debt fund, the company said in a press statement. The close ended scheme, Infrastructure Debt Fund (IDF) Series 1-A, matured on April 29 and was due for redemption on April 30. The debt fund was launched in April 2014, and had raised `238 crore from various institutional investors.<\/p>\n<p>In the past months, schemes of the IL&amp;FS Mutual Fund have been downgraded by various ratings agencies, following the downfall of IL&amp;FS.<\/p>\n<p>In October 2018, India Ratings and Research put the companies schemes on \u201cratings watch negative\u201d.<br \/>\nThe schemes\u2019 exposure to IL&amp;FS group entities resulted in the weakening of their portfolio quality. All IL&amp;FS IDF schemes generally have an exposure of around 23.81% to two IL&amp;FS group companies \u2014 IL&amp;FS Solar Power and IL&amp;FS Wind Energy, India Ratings and Research said in a report dated April 5.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IL&amp;FS Mutual Fund on Tuesday paid out `314 crore on redemption of its 5-year infrastructure debt fund, the company said in a press statement. The close ended scheme, Infrastructure Debt Fund (IDF) Series 1-A, matured on April 29 and was due for redemption on April 30. The debt fund was launched in April 2014, and had raised `238 crore from various institutional investors. In the past months, schemes of the IL&amp;FS Mutual Fund have been downgraded by various ratings agencies, following the downfall of IL&amp;FS. In October 2018, India Ratings and Research put the companies schemes on \u201cratings watch negative\u201d. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-272212","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=272212"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/272212\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=272212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=272212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=272212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}