The net asset values (NAVs) of some schemes in the debt and hybrid categories of Reliance Mutual Fund and SBI Mutual Fund dipped by 0.88% to 3% on May 28, reflecting the mark down in securities of Reliance Home Finance and Reliance Commercial Finance after rating downgrades.
These fund houses have marked down their holdings in these securities by 55% in line with regulatory guidelines, said industry sources. Rating agency CARE cut its ratings on Reliance Home Finance’s long-term debt pr ..
