As skeletons tumble out one after another from the closets of highly leveraged companies, domestic mutual funds with exposure to such entities are finding themselves in a Catch 22 situation.
After Zee seemingly managed to stave off a crisis for the time being, Dewan Housing Finance is once again on investors’ radar after the mortgage lender’s December quarter numbers showed acute pain from the September liquidity crisis in the NBFC space, leading to a 37per cent drop in quarterly profit.
