 "Dewan Housing Finance")
The payment default by Dewan Housing Finance Corporation (DHFL) has sent the Rs 24-trillion mutual fund (MF) industry in a tizzy, with fund houses taking steps to contain the fallout. Some asset management companies (AMCs), with exposure to the company’s papers, halted fresh inflows and announced the so-called ‘side pocketing’. AMCs, whose fixed maturity plans (FMPs) are due for maturity, were particularly in a tight spot, with repayments due to investors as early as Thursday.
Overall, more than 160 MF schemes are exposed to various debt papers of DHFL, with more than Rs 5,200 crore of investor money riding on
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