News From Press After Birla and HDFC MFs, UTI marks down IL&FS SPVs’ debt

After Birla and HDFC MFs, UTI marks down IL&FS SPVs’ debt

Source: The Economic Times Jan 25, 2019

The value of various debt schemes of UTI Mutual Fund fell as much as 2.22% on Tuesday after the asset manager marked down investments in the Special Purpose Vehicle of IL&FS. A day earlier, NAVs of schemes of Aditya Birla Sun Life Mutual Fund and HDFC Mutual Fund dropped too because of a reduction in investment value of two IL&FS SPVs.

Seven open-end schemes and 10 close-end schemes of UTI Mutual Fund own securities of Jorabat Shillong Expressway, an SPV of IL&FS. The countr ..

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