News From Press Aditya Birla Sun Life Mutual Fund writes down Essel exposure in 3 schemes

Aditya Birla Sun Life Mutual Fund writes down Essel exposure in 3 schemes

Source: Mint Oct 9, 2019

On 4th October 2019, Brickwork Ratings downgraded Spirit Infrapower and Multiventures, an Essel Group company. Several funds of Aditya Birla Sun Life AMC hold Non-Convertible Debentures issued by Spirit and hence saw cuts in their NAV. Over the past week Aditya Birla Medium Term Plan is down 2.07%, Aditya Birla Sun Life Dynamic Bond fund is down 1.89% and Aditya Birla Sun Life Credit Risk Fund is down 1.06%.

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