Mutual funds and non-banking finance companies (NBFCs) are getting the shivers over possible adverse investor reaction to sharp downgrades of Reliance Home FinanceNSE 0.35 % (RHFL) and Reliance Commercial Finance (RCFL) debt instruments stemming from the financial status of the indebted Anil Ambani-led Reliance Group.
The market has been jittery since the shock default by Infrastructure Leasing & Financial Services (IL&FS) in September last year sparked a liquidity crisis that h ..