HDFC Asset Management Co. Ltd, which has a series of Fixed Maturity Plans (FMPs) exposed to Essel Group, on Monday issued a note on how it will handle them at maturity.
HDFC AMC, India’s largest asset manager, said it will choose one of two options. In the first option, it will distribute proceeds of the FMP on due date of maturity after excluding the value of debt exposures to the Essel Group.