India Infoline (IIFL) has received SEBI’s final approval for IIFL Mutual Fund sponsored by the company. This enables commencement of mutual fund business and launching of mutual fund schemes in due course.
IIFL is engaged in business of equities broking, wealth advisory services and portfolio management services. The company was incorporated in October 1995 as Probity Research and Services and later in April 2000 the name was changed to India Infoline.com. In March 2001 the company again changed its name to India Infoline. The company is part of India Infoline Group. It has pan- India presence through its distribution network of 607 branches, 151 franchisees located in 346 cities.
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