MF exposure to stressed derivatives strategies firms at over Rs 20,000 cr

The housing finance company has been facing concerns over its asset-liability mismatch as it grapples with its debt obligations

The downgrade of Anil Ambani group companies' financial arms —Reliance Home Finance and Reliance Commercial Finance —has again put the spotlight on mutual funds' (MF) debt exposures to the stressed groups.
 
Data from Value Research and Morningstar shows that MFs’ exposure to these groups —Infrastructure Leasing & Financial Services (IL&FS), Essel group, Dewan Housing (DHFL) group and Anil Ambani group —stands at over Rs 20,000 crore.
 

Illustration: Ajay Mohanty

Among these, fund houses have the largest exposure to DHFL group (Rs  7,427 crore). The housing