The crisis around liquidity and defaults in non-banking financeNSE 5.26 % companies (NBFC) has made debt fund managers change stance towards the beleagured sector, but equity funds remain unnerved. Even as debt funds have sharply cut exposure to bonds and debentures of NBFCs over past six months, equity funds continue to maintain exposure to shares of NBFCs and housing financeNSE -1.81 % companies.
The total market value of debt funds’ holdings in NBFCs has reduced by Rs 56,136 crore s ..