106 schemes have an exposure of more than 5% of assets making this a significant default for the vast majority of affected mutual funds.
In terms of percentage exposure, DHFL Pramerica Medium Term Fund is the most exposed (37.42% of assets) followed by DHFL Pramerica Floating Rate Fund (31.94%), DHFL Pramerica Short Maturity Fund (30.47%), Tata Corporate Bond Fund (28.21%) and JM Equity Hybrid Fund (24.61%). The NAV drops in these funds are likely to be close to their exposures. For instance, Tata Corporate Bond Fund saw a 29.69% drop in NAV overnight.
In terms of absolute exposure in rupees, Reliance Low Duration Fund leads the pack, followed by UTI Short Term Income Fund and UTI Treasury Advantage Fund. They have exposures of ₹408 crore and ₹354 crore respectively. As a percentage of assets, even in these cases, the figure is high at 6.68%, 8.39% and 6.78% respectively.