For debt fund investors, the bad news does not seem to stop. After the high profile IL&FS blowout last year, recent credit events related to Essel (Zee) Group companies and Dewan Housing Finance Limited (DHFL) have again raised the spectre of defaults and credit rating downgrades, directly impacting debt mutual funds that have lent heavily to these entities.
These funds cumulatively held Rs 8,000 crore and Rs 8,650 crore worth of bonds, respectively, of these two entities as on 31 ..
