 "Infosys")
The 16.2 per cent single-day crash in shares of Infosys has dealt heavy mark-to-market losses to mutual funds (MFs) and foreign portfolio investors (FPIs). MFs have seen value of their holdings in Infosys erode over Rs 6,891 crore, while value of FPIs holdings has shrunk by over Rs 17,772 crore.
"As Infosys is a Nifty stock, the company is widely held in several equity schemes," said a fund manager. According to industry estimates, the stock is held in over 400 MF schemes.
Meanwhile, the company had over 800,000 retail investors, holding 5.13 per cent stake in the company. Value of
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