{"id":121946,"date":"2019-06-08T13:11:27","date_gmt":"2019-06-08T13:11:27","guid":{"rendered":"https:\/\/www.bnreport.com\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/"},"modified":"2019-06-08T13:11:27","modified_gmt":"2019-06-08T13:11:27","slug":"these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/","title":{"rendered":"These two fund houses alone have 56% exposure to DHFL debt"},"content":{"rendered":"

Mumbai: As the Dewan Housing Finance<\/a> Ltd (DHFL) saga deepens, an insight into the funds holding the housing finance companys debt reveals that 56 per cent of a total of 5,236.53 crore holdings of such papers in schemes \u2014 were held by two fund houses- UTI Mutual Fund<\/a> and Reliance Mutual Fund<\/a>.<\/p>\n

UTI MF and Reliance<\/a> MF have exposure of Rs 1,736.68 crore and Rs 1,182.02 crore, respectively in their schemes to DHFL debt securities, according to data from Value Research. UTI MFs exposure to DHFL debt securities through their schemes is the highest in the industry, while Reliance MF followed next. Of the mutual funds total exposure to DHFL debt papers, UTI MFs schemes have an exposure of 33.16 per cent, while Reliance MFs schemes have an exposure of 22.57 per cent.<\/p>\n

Of the total mutual fund<\/a> exposure to DHFL debt, Rs 4,323.14 crore are in debt schemes, Rs 890.49 crore are in hybrid schemes and Rs 22.90 crore are in equity schemes.<\/p>\n

UTI Mutual Fund said on Friday it has increased the markdown to DHFL debt securities to 100 per cent from 75 per cent in the schemes which has an exposure to the housing finance company, considering the high level of uncertainty as to recovery timelines and value.<\/p>\n

The fund house added that if there is any recovery in future on these securities, the provision will be written back to the schemes on actual receipt basis.<\/p>\n

\u201c\u2026UTI MF anticipates that there would be enhanced pressure and legal action on DHFL from all creditors, including exercise of early redemption clause and legal options by various lenders,\u201d the fund house said in a press release.<\/p>\n

\u201cThis is expected to further delay the recovery efforts of the company in disposal of its assets in an orderly manner. Furthermore, there is no secondary market for such securities in the current scenario,\u201d it added.<\/p>\n

UTI MF has an exposure of Rs 1,235.34 crore in its debt schemes to DHFL debt securities, according to data from Value Research. Its exposure to DHFL debt securities through debt schemes is the highest in the industry. Of the mutual fund debt schemes total exposure to DHFL debt papers, UTI MFs debt schemes have an exposure of 28.6 per cent.<\/p>\n

Subsequently, on June 5, CRISIL<\/a>, ICRA<\/a> and CARE<\/a> downgraded its rating on the Read More \u2013 Source<\/strong><\/a>
\n[contf]
\n[contfnew]
\n <\/p>\n

ET Markets<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

Mumbai: As the Dewan Housing Finance Ltd (DHFL) saga deepens..<\/p>\n","protected":false},"author":1,"featured_media":121947,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-121946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nThese two fund houses alone have 56% exposure to DHFL debt - Business News Report<\/title>\n<meta name=\"description\" content=\"Mumbai: As the Dewan Housing Finance Ltd (DHFL) saga deepens..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"These two fund houses alone have 56% exposure to DHFL debt - Business News Report\" \/>\n<meta property=\"og:description\" content=\"Mumbai: As the Dewan Housing Finance Ltd (DHFL) saga deepens..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-08T13:11:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/Master-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1034\" \/>\n\t<meta property=\"og:image:height\" content=\"361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"These two fund houses alone have 56% exposure to DHFL debt\",\"datePublished\":\"2019-06-08T13:11:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/\"},\"wordCount\":390,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Master-6.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/\",\"name\":\"These two fund houses alone have 56% exposure to DHFL debt - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Master-6.jpg\",\"datePublished\":\"2019-06-08T13:11:27+00:00\",\"description\":\"Mumbai: As the Dewan Housing Finance Ltd (DHFL) saga deepens..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Master-6.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/Master-6.jpg\",\"width\":1034,\"height\":361},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"These two fund houses alone have 56% exposure to DHFL debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"These two fund houses alone have 56% exposure to DHFL debt - Business News Report","description":"Mumbai: As the Dewan Housing Finance Ltd (DHFL) saga deepens..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/","og_locale":"en_US","og_type":"article","og_title":"These two fund houses alone have 56% exposure to DHFL debt - Business News Report","og_description":"Mumbai: As the Dewan Housing Finance Ltd (DHFL) saga deepens..","og_url":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2019-06-08T13:11:27+00:00","og_image":[{"width":1034,"height":361,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/Master-6.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"These two fund houses alone have 56% exposure to DHFL debt","datePublished":"2019-06-08T13:11:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/"},"wordCount":390,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/Master-6.jpg","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/","url":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/","name":"These two fund houses alone have 56% exposure to DHFL debt - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/Master-6.jpg","datePublished":"2019-06-08T13:11:27+00:00","description":"Mumbai: As the Dewan Housing Finance Ltd (DHFL) saga deepens..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/Master-6.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2019\/06\/Master-6.jpg","width":1034,"height":361},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"These two fund houses alone have 56% exposure to DHFL debt"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/121946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=121946"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/121946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/121947"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=121946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=121946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=121946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}