Following the reduction of the rating agency CARENSE 0.23%, investors in some debt and hybrid mutual funds are cutting the long term loan program of Rs 4,979 crore of Reliance Home Finance and Rs 12,700 crore by default on long-term bank facilities and non-convertible debentures.
According to Morningstar India data, according to Morningstar India data, three mutual funds such as Reliance Nippon Asset Management, SBI Mutual Fund and UTI Mutual Fund, according to their data, Reliance Home Finance and Reliance Exposure to commercial finance papers Reliance Nippon has an exposure of Rs 1,546 crore, while SBI Mutual Fund has documents worth 788 crores. UTI Mutual Fund has invested 71 crores in its portfolio.
This is a third blow to debt mutual fund investors in the last one year, when investors may have to lose. After IL and FS downgraded to the default rating, many fund houses had to write their investments in their securities, Thereby causing loss to various loan schemes for investors, who organized these letters. Some fund houses have given Subhash Chandra's Essel Group time till September to pay his liabilities. After certain Fixed Maturity Plans (FMPs), in which the Essel Group papers were, investors had to pay back less money.
Reliance Mutual Fund is in touch with these bonds in its fixed maturity plans, credit risk, equity hybrid, equity savings, hybrid bonds, strategic debt, ultra short-term funds.
Reliance Mutual Fund spokesperson said, "Reliance Mutual Fund (RMF), like some other MFs, has an exposure of Rs 535 crores and Rs 1,083 crores for NCDs issued by Reliance Commercial Finance and Reliance Home Finance. These risks are organized in total 166 fixed income of Reliance Mutual Fund and only 10% of hybrid schemes. "
SBI Mutual Fund has given exposure to these securities in its FMPs, Credit Risks, Equity Hybrid and Children's Profit Fund.
Email and phone calls made to SBI Mutual Fund have not responded and UTI has kept Reliance papers in its fixed income funds.
In response to a query, a UTI Mutual Fund spokesman said, "Our investment in the NCD of the company has not been upgraded to" C "and" D ", i.e. - there is no lapse as the bonds are due in 2020; 2021. However, Bond has now come down from investment grade, so we will evaluate it according to SEBI guidelines. "
For more information Top 10 Stock Advisory Company Indore
According to Morningstar India data, according to Morningstar India data, three mutual funds such as Reliance Nippon Asset Management, SBI Mutual Fund and UTI Mutual Fund, according to their data, Reliance Home Finance and Reliance Exposure to commercial finance papers Reliance Nippon has an exposure of Rs 1,546 crore, while SBI Mutual Fund has documents worth 788 crores. UTI Mutual Fund has invested 71 crores in its portfolio.
This is a third blow to debt mutual fund investors in the last one year, when investors may have to lose. After IL and FS downgraded to the default rating, many fund houses had to write their investments in their securities, Thereby causing loss to various loan schemes for investors, who organized these letters. Some fund houses have given Subhash Chandra's Essel Group time till September to pay his liabilities. After certain Fixed Maturity Plans (FMPs), in which the Essel Group papers were, investors had to pay back less money.
Reliance Mutual Fund is in touch with these bonds in its fixed maturity plans, credit risk, equity hybrid, equity savings, hybrid bonds, strategic debt, ultra short-term funds.
Reliance Mutual Fund spokesperson said, "Reliance Mutual Fund (RMF), like some other MFs, has an exposure of Rs 535 crores and Rs 1,083 crores for NCDs issued by Reliance Commercial Finance and Reliance Home Finance. These risks are organized in total 166 fixed income of Reliance Mutual Fund and only 10% of hybrid schemes. "
SBI Mutual Fund has given exposure to these securities in its FMPs, Credit Risks, Equity Hybrid and Children's Profit Fund.
Email and phone calls made to SBI Mutual Fund have not responded and UTI has kept Reliance papers in its fixed income funds.
In response to a query, a UTI Mutual Fund spokesman said, "Our investment in the NCD of the company has not been upgraded to" C "and" D ", i.e. - there is no lapse as the bonds are due in 2020; 2021. However, Bond has now come down from investment grade, so we will evaluate it according to SEBI guidelines. "
For more information Top 10 Stock Advisory Company Indore
2 Comments
Hey...Great information thanks for sharing such a valuable information
ReplyDeleteIDFC Bank shares profited
Nifty Bank
Good information !Thanks for sharing
ReplyDeleteSRF Limited