IL&FS Mutual Fund pays Rs 262 cr to debt infra investors; Rs 1,900 cr total payout in last 6 yrs

IL&FS Infrastructure Debt Fund is managed by IL&FS Infra Asset Management Ltd.

The debt scheme — IL&FS Infrastructure Debt Fund Series 3B — was redeemed on May 7, marking a timely redemption. The scheme returned Rs 262 crore against the original invested capital of Rs 153 crore, delivering a return of around 8% per annum to investors since inception, according to a statement issued by the IL&FS Group.

With this, the total amount of Rs 1,900 crore has now been redeemed and returned to investors over the past six years across various infrastructure funds under the portfolio.

Previously, IL&FS Mutual Fund successfully completed four on-time redemptions:

Rs 405 crore in Scheme 1A (April 2019)
Rs 427 crore in Scheme 1B (April 2021)
Rs 185 crore in Scheme 3A (January 2023)
Rs 611 crore in Scheme 1C (April 2024)
The fifth redemption of Rs 262 crore was completed in Scheme 3B in May 2025.

IL&FS Infrastructure Debt Fund is managed by IL&FS Infra Asset Management Ltd. The target investors for the fund include banks, pension funds, insurance companies, foreign investors, sovereign wealth funds, and bilateral or multilateral associations.

In October 2018, the Government of India, through the Ministry of Corporate Affairs, took over management control of the IL&FS Group and appointed a new board — a move aimed at addressing defaults and restoring confidence and financial stability in capital markets.