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  • News From Press UTI, Nippon India MF create separate portfolios for Voda Idea AGR debt

    UTI, Nippon India MF create separate portfolios for Voda Idea AGR debt

    Source: Business Standard Feb 18, 2020

    The UTI Mutual Fund (MF) and India MF has decided to create side-pockets or separate portfolios in their schemes holding the stressed debt paper of Vodafone Idea, which was downgraded to below-investment grade on Monday by Care Rating.

    In a note on Monday, said, "Pursuant to downgrade of debt instruments of Vodafone Idea to ‘BB-’ (i.e. ‘below investment grade’) ... proposes to create a segregated portfolio in respect of debt securities of Vodafone Idea in UTI Credit Risk Fund, UTI Bond Fund, UTI Regular Savings Fund, UTI Dynamic Bond Fund and UTI Medium Term Fund effective from February 17, 2020".

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