News From Press The nature of credit risk debt funds is such that it involves taking risk: Amandeep Singh Chopra

The nature of credit risk debt funds is such that it involves taking risk: Amandeep Singh Chopra

UTI Mutual Fund has ₹2,700 crore written down due to defaults and downgrade (to D) in shaky debt funds space in the last one year. Mint spoke to Amandeep Singh Chopra, group president and head, fixed income, to know what went wrong, and the changes made

Mint Jan 28, 2020

UTI Mutual Fund has ₹2,700 crore written down due to defaults and downgrade (to D) in shaky debt funds space in the last one year. Its securities worth ₹800 crore, too, have a BBB rating. As of December 2019, UTI Credit Risk Fund had 17.55% of its corpus in paper issued by Vodafone Idea. Mint spoke to Amandeep Singh Chopra, group president and head, fixed income, to know what went wrong, and the changes made since then.

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