Essel Group's woes spill over to debt mutual funds4 min read 10 Apr 2019, 07:31 PM IST
Kotak Mahindra AMC, HDFC AMC among mutual funds forced to withhold or roll over FMPs with exposure to the Essel Group
Mutual funds have ₹7,000 crore exposure to Essel Group. The paper in question was backed by shares in Zee
Troubles in the debt market have finally reached the doorsteps of mutual fund investors, with Kotak Mahindra Asset Management Co. Ltd withholding part of the redemptions from one of its fixed maturity plans (FMP).
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