IIFL Mutual Funds. Our mutual fund offerings are uniquely structured and positioned as leaders in their respective niche areas. Concentrated picks and the freedom from benchmarking constraints have helped us generate significant alpha for our investors.

MUTUAL FUND

Board of Directors

Homai Daruwalla

Independent Director


Age: 68 years

Qualification: Chartered Accountant

Ms. Daruwalla has an experience of more than three decades in Banking & Financial services sector.

She was the Chairperson and Managing Director of Central Bank of India overseeing the entire operations of the Bank from June 2005 to December 2008. She has reached pinnacle of banking career with varied experience of working with three large Public Sector Banks viz. Union Bank of India, Oriental Bank of Commerce and Central Bank of India during last 34 years.

Ms. Duruwalla commenced her banking career with Union Bank of India where she handled many important assignments both at corporate office and field level. She was actively associated with a host of Committees constituted in the Bank in area of Corporate Governance, Banking Technology Solutions, Audit, Risk Management, Asset Liability Management, Customer Service, Premises and Property, Computerization including Core Banking etc. She was a Member of Central Sub-Committee on Concurrent Audit of Banks constituted by the Institute of Chartered Accountants of India, as also member of the Committee on Risk Management Practices and risk Based Supervision formed by the India Banks Association. During her association with Oriental Bank of Commerce, she has provided leadership inputs in the direction of improving work process, strengthening controls and in deriving benefits from Centralised Banking Technology. She has also handled prestigious assignment as Region of India Director on Board of Directors of ‘The Institute of Internal Auditors’ (IIA), Florida, USA for the term of two years from October 1995 to September 1997.