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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%Loss
Adani Ports646.90 -59.80
Tata Steel1,103.75 -38.40
IndusInd Bank984.05 -29.65
Hindalco369.25 -11.00
Eicher Motors2,673.75 -67.30
CompanyPriceChange%Loss
IndusInd Bank984.25 -29.45
Dr Reddys Labs5,288.30 -117.45
NTPC117.25 -2.55
Maruti Suzuki6,968.75 -143.90
Axis Bank738.20 -11.30
CompanyPriceChange%Gain
UltraTechCement6,704.85 117.45
Asian Paints3,060.30 41.60
TCS3,317.75 43.40
TATA Cons. Prod745.00 9.10
HDFC Life700.30 8.15
CompanyPriceChange%Gain
UltraTechCement6,708.15 122.45
Asian Paints3,060.35 41.35
TCS3,320.10 43.75
Infosys1,497.05 16.75
Tech Mahindra1,080.25 11.15

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.07750.75501.03
Euro-Rupee88.40900.52900.60
Pound-Rupee103.32200.83900.82
Rupee-100 Yen0.67140.00901.36