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| Home > Get to know us > Sponsor |
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IDFC Mutual Fund is sponsored by Infrastructure Development Finance Company Limited (IDFC). The sponsor is the settler of the Mutual Fund Trust. The sponsor has entrusted a sum of Rs. 30,000 to the Trustees as its contribution towards the corpus of the Mutual Fund.
IDFC is a leading diversified financial institution providing a wide range of financing products and fee-based services with infrastructure as its focus area. IDFC’s key businesses include project finance, investment banking, asset management, principal investments and advisory services. IDFC also works closely with government entities and regulators in India to advise and assist in formulating policy and regulatory frameworks that support private investment and public-private partnerships in infrastructure development.
IDFC was established in 1997 as a private sector enterprise by a consortium of public and private investors and operates as a professionally managed commercial entity. IDFC listed its equity shares in India pursuant to an initial public offering in August 2005. As on March 31, 2011, IDFC’s shareholders included the Government of India – 17.89%, FII/FDI – 51.10% and public / others – 31.01%. As on March 31, 2011, IDFC had an asset base of over USD 10.62billion, net worth of USD 2.48billion and market capitalization of Rs 5.07billion (calculate at USD = Rs. 44.5875.)
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| Financial Performance of the Sponsor (past three years) (Rs. in crores): |
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Particulars |
31.03.11 |
31.03.10 |
31.03.09 |
| Net Worth |
11,070.15 |
6823.11 |
6029.19 |
| Total Income |
4,560.35 |
3597.11 |
3322.70 |
| Profit after tax |
1277.15 |
1012.84 |
735.91 |
| Assets Under Management |
33076 |
35408 |
24018 |
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