Despite the scare, total exposure of the entire mutual fund industry to papers of troubled IL&FS, Essel Group, DHFL and ADAG Group is Rs 18,000 crore, which is 1.3% of the total fixed income assets of Rs 13.38 lakh crore managed by fund houses as of May 31. The top two AMCs — HDFC Mutual Funds and ICICI Prudential Mutual Fund — have only 0.57% and 0.4% exposure, respectively, to the Essel Group of their total debt AUM.
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