 "mutual funds, money, investment, scanner, investigation, real estate")
Mutual funds (MFs) and foreign institutional investors (FIIs) have seen sharp erosion in the value of their investments as allegations of corporate governance lapses have pulled down share prices of some of the widely-held companies in recent times.
According to data, the fall in shares of Zee Entertainment, Vedanta and Dewan Housing Finance (DHFL) has eroded close to Rs 11,000 crore of these institutional investors’ wealth in just a month.
The erosion in the value of investments has been estimated based on the shares held by MFs and FIIs as of December 31, 2018, and the change in stock prices since then.
Since
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