UTI Mutual Fund, Nippon India Mutual Fund and Aditya Birla Sun Life Mutual Fund have decided not to segregate the debt securities of Vodafone IdeaNSE -1.87 % in schemes that hold the bonds after ratings company Crisil downgraded the outstanding debt of the telco to below-investment grade.
As per regulatory guidelines, fund houses can segregate portfolios, or create a side pocket, if the rating of a company falls below investment grade. The three fund houses value the security at Rs 35, ..
