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

IL&FS Mutual Fund has redeemed Rs 262 crore to investors in its infrastructure debt fund, bringing the total payout to Rs 1,900 crore over six years. The IL&FS Infrastructure Debt Fund Series 3B redeemed on May 7, delivering an 8% annual return to investors. The government took control of IL&FS Group in October 2018 to restore financial stability.