Investors in some debt and hybrid mutual funds are staring at losses after rating agency CARENSE 0.23 % cut its ratings on Reliance Home Finance’s long-term debt programme of Rs 4,979 crore and long-term bank facilities and nonconvertible debentures worth Rs 12,700 crore to default.
Three mutual fund houses including Reliance Nippon Asset Management, SBI Mutual Fund and UTI Mutual Fund have exposure to papers of Reliance Home Finance and Reliance Commercial Finance in their portfolios w ..
