Avijit

@avijit

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date_rangeJoined May 2018
Curious about markets. Watching them for last 4 years. Learning macro-economics.

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Brokerages on YesBank
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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.
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Crisil downgrades Dewan Housing Finance commercial papers worth Rs 850 cr - Moneylife NEWS & VIEWS https://nzzl.us/bLAU1OP via @nuzzel
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Avijit replied to ManKhush Trade's  post
Avijit @avijit
Dec 12 12:51 AM

Ah alright. Thought so. Wonder how FIIs will take it. They already sold some 2200 cr today I see.
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Avijit replied to ManKhush Trade's  post
Avijit @avijit
Dec 12 12:40 AM

Who's this guy? Some favourable IAS ?