The value of various debt schemes of UTI Mutual Fund fell as much as 2.22% on Tuesday after the asset manager marked down investments in the Special Purpose Vehicle of IL&FS. A day earlier, NAVs of schemes of Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund dropped too because of a reduction in investment value of two IL&FS SPVs.
Seven open-end schemes and 10 close-end schemes of UTI Mutual Fund own securities of Jorabat Shillong Expressway, an SPV of IL&FS. The countr ..