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DHFL crisis and debt funds

DHFL crisis and debt funds
Troubled Dewan Housing Finance's (DHFL) Rs 1,150 crore missed payment on June 4 proved to be the debt market's worst fears coming true. What followed was a rating downgrade and markdowns across mutual funds holding DHFL debt.
While the company has now made this payment in the promised time frame, debt investors are still nursing losses. So, what is the way forward in the world of fixed income mutual funds? How much longer will this default storm rage? What should you do if you are in one of the affected funds?
This week, we answer some of these important questions putting the spotlight on the state of the fixed income market. In this episode of Money Money Money, we are joined by Kaustubh Belapurkar of Morningstar India and Raghvendra Nath, managing director of Ladderup Wealth Management.
Listen to the full story in our latest podcast:

Market Movers

CompanyPriceChange%Gain
Tata Steel1,158.35 43.90 3.94
Coal India162.65 6.15 3.93
JSW Steel731.20 25.40 3.60
Dr Reddys Labs5,453.00 160.95 3.04
Hindalco393.15 7.75 2.01
CompanyPriceChange%Gain
Dr Reddys Labs5,451.20 160.55 3.03
Power Grid Corp246.30 4.75 1.97
TCS3,271.70 55.65 1.73
Infosys1,446.75 22.20 1.56
HCL Tech983.45 14.95 1.54
CompanyPriceChange%Gain
Tata Steel1,158.35 43.90
Coal India162.65 6.15
JSW Steel731.20 25.40
Dr Reddys Labs5,453.00 160.95
Hindalco393.15 7.75
CompanyPriceChange%Gain
Dr Reddys Labs5,451.20 160.55
Power Grid Corp246.30 4.75
TCS3,271.70 55.65
Infosys1,446.75 22.20
HCL Tech983.45 14.95

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.06750.01500.02
Euro-Rupee88.6170-0.3020-0.34
Pound-Rupee103.3670-0.1950-0.19
Rupee-100 Yen0.6656-0.0022-0.34