The mutual fund industry is staring at a possible loss of another ₹1,500 crore over the next month on investments in the debt papers of Dewan Housing Finance Corporation Ltd (DHFL).
The troubled DHFL has already defaulted on interest payments in August and expressed its inability to meet payment obligation till its debt restructuring plan submitted to banks is approved.
Investments of ₹1,479 crore in DHFL’s debt papers by nearly 80 mutual funds are coming up for repayment in September.
