IL&FS crisis: Ratings of 6 MF schemes under Icra scanner
Updated : January 22, 2019 07:56 PM IST
The schemes under watch are HDFC's and UTI's banking as well as PSU debt funds, UTI's bond and dynamic bond fund, Aditya Birla Sun Life's short-term opportunities fund and HDFC's short-term debt fund, the rating agency said in a statement.
The rating action takes into account the deterioration in the credit quality of the underlying investments of these schemes driven by their exposure to special purpose vehicle (SPV) of IL&FS.
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