Only MF that has filed cases against wilful defaulters sees some recoveries

The oldest mutual fund in the country is also the only one to figure in the list of institutions who have filed cases against wilful defaulters.

UTI mutual fund has 27 cases with an amount of Rs 252.6 crore outstanding, according to data from TransUnion Cibil, which maintains a database of such cases.  This is based on accounts where defaults are of one crore rupees or more. The cases show a significant decline from five years ago.

There were 90 cases worth Rs 848.8 crore at the end of 2014. This has come down by around a third as of