Mutual funds plan to go after DHFL promoters

Many fund houses having exposure to Dewan Housing Finance Corp Ltd (DHFLNSE -0.68 %) are keen to turn the heat on the promoters of the crippled mortgage lender.

These institutional lenders want Wadhawans, the promoter group, to arrange funds in the light of the findings of the forensic audit conducted by a Big4 firm. The mutual funds (MFs) will soon raise the issue in the three-member committee formed by the Reserve Bank of India (RBI) to help the administrator in recovering about Rs 84,000 crore that DHFL owes to the system. One of the members is a senior office bearer of AMFI, the MF industry lobby.