Notwithstanding the runaway success of the ‘ Mutual funds sahi hai ’ campaign, most investors in debt schemes of top mutual funds are a worried lot due to the mark-down in their investments.
Uncertainty looms on the prospects of 33 debt and hybrid schemes of 12 mutual funds that have pumped Rs. 2,800 crore into the debt securities of troubled Infrastructure Leasing & Financial Services and its group companies which have been downgraded recently.
The exposure of Rs. 2,405 crore to the top six mutual funds — LIC MF, DSP MF, Aditya Birla MF, Tata MF, Principal MF and HSBC MF — accounts for 86 per cent of the overall investment in IL&FS.
