25 Mutual Funds With Rs 2700 Crore Of Ilfs Bonds Take A Hit | Latest News RSS feed

25 Mutual Funds With Rs 2700 Crore Of Ilfs Bonds Take A Hit - Latest News

25 mutual funds with Rs 2,700 crore of IL&FS bonds take a hit

Of the 25 schemes, 14 had two percent or more of their assets invested in IL&FS group companies' bonds and commercial papers Net asset values of at least 25 mutual fund schemes have been hit after ... read more

IL&FS debt rating cut to hit MFs

MUMBAI: The ratings downgrade of loans and bonds of infrastructure financing firm IL&FS by ICRA will hit the net asset values (NAVs) of debt mutual funds this week. It is estimated that MFs hold about ... read more

Cabals, credit contagion and denialism

A series of defaults followed, triggering a stampede of rating agencies racing to downgrade IL&FS to ... of its bonds by DSP Blackrock mutual fund. The name of the company: DHFL. On June 4, 2019, DHFL ... read more

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This is week MFs: IL&FS rating downgrade makes industry nervous

On September 8, rating agency ICRA downgraded debt papers of IL&FS ... mutual fund schemes hold Rs 2,700 crore worth of bonds and commercial papers issued by IL&FS and its subsidiaries. Net asset ... read more

EPFO writes to Finance Ministry on exposure to IL&FS bonds

That we are watching,” Barthwal said without divulging the amount of investment in the bonds. Sources inform that the EPFO has invested about Rs 570 crore ... hit IL&FS, it is yet to take up the cause ... read more

Worry over slippages: Private banks’ provisions rise 13% in FY19

On the other hand, gross NPAs at the same set of banks inched up only 0.7% between March 2018 and March 2019 to Rs 1.25 lakh crore ... worth `12,741 crore. While analysts say ICICI Bank is unlikely to ... read more

AMFI moves Sebi to allow MFs use ‘side pocketing’ in debt funds

MUMBAI: Mutual ... IL&FS defaulted on one of its bonds for the first time, the MF industry together was holding its papers worth about Rs 2,700 crore. In developed countries with well-established debt ... read more

IL&FS saga: Why was debt pile-up overlooked?

mutual funds were comfortably holding bonds – commercial paper, debentures, structured obligation – issued by the company amounting to nearly ₹3,500 crore. There was no real cause for concern as IL&FS ... read more

ICRA places ratings of six MF schemes under watch list

of IL&FS Ltd. The six mutual fund schemes are: HDFC Short Term Debt Fund (HDFC STDF), HDFC Banking and PSU Debt Fund (HDFC BPSU), UTI Banking and PSU Debt Fund. Image source: Reuters Mutual Funds, ... read more

Alteria Capital leads Rs 80 crore venture debt round in Lendingkart

It had also led a Rs 25 crore venture debt ... had raised ?300 crore in non-convertible debentures. Aditya Birla Sun Life AMC has infused Rs 150 crore while the remaining came from another mutual ... read more

SEBI’s quest to secure debt funds would make liquid schemes less lucrative, feel experts

After a series of bond failures, starting with the IL&FS crisis, hit ... 25 to 20 per cent and similarly additional exposure of housing finance companies (HFC’s) has been reduced from earlier 15 per ... read more

Compulsory bonds for big borrowers a burden

The rules stipulate that borrowers with debt of over Rs 100 crore must raise 25 per cent of their annual ... firms have had issues… Look at IL&FS and Essel Group bonds,” said officials. Some 10 UTI ... read more

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