The spectre of asset-liability mismatch in several non-banking finance companies (NBFC) three months ago has prompted mutual funds (MFs) to realign their debt exposure by giving preference to less risky lenders. Contrary to the general perception, they have not cut exposure to the sector.
The total MF exposure to debt instruments with maturity of under three months was more or less stable at ₹1.9 lakh crore in the December 2018 quarter compared with the previous quarter, according to Cr ..
