SUBSCRIBE NEWSLETTER
  • Change Language
  • English
  • Hindi
  • Marathi
  • Gujarati
  • Punjabi
  • Tamil
  • Telugu
  • Bengali
  • News From Press Comfortable with investments in downgraded EMIL NCD: ICICI Pru Mutual Fund

    Comfortable with investments in downgraded EMIL NCD: ICICI Pru Mutual Fund

    Source: Economic Times Aug 19, 2017

    ICICI Prudential Mutual Fund said it continues to remain comfortable with the investment in NCDs issued by EMIL that was downgraded by Crisil. The rating agency downgraded EMIL's credit rating from AA to AA- on August 11.

    ICICI Prudential Mutual Fund, through its various schemes, has investments aggregating Rs 456 crore in Non-convertible Debentures (NCDs) issued by EMIL, which constitutes 0.27 per cent of our overall debt AUM available with the Mutual Fund.

    Click here to read more>>

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

    Click to clap
    Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.
    0 Comment
    Be the first to comment.
    Login or Sign up to post comments.
    More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

    Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.