India Infoline is a leading pan-India mutual fund distribution house associated with leading asset management companies. It operates primarily in the retail segment leveraging its existing distribution network to reach prospective clients. It has received the in-principle approval to set up a mutual fund. The group recently commenced its offshore asset management business under the ‘IIFL Capital’ brand. Also, IIFL Securities Pte Ltd received approval from the Monetary Authority of Singapore to carry out global asset management operations. The Singapore arm can now offer broking, asset management and investment banking services. IIFL Inc received an FII license, thereby facilitating the investment of dedicated funds in India. With offices in New York, Singapore and Dubai, IIFL Capital aims to offer India-focused equity products, fund management and advisory services for offshore and domestic wealth management customers.