Mutual Funds With The Biggest Exposure To Essel Group, Dewan Housing And IL&FS

As lenders allowed Subhash Chandra’s Essel Group a standstill on default, it’s the third company in the last four months that has triggered concerns about mutual funds’ investments in commercial paper after IL&FS group and Dewan Housing Finance Ltd.Mutual funds have an exposure of more than Rs 17,000 crore to three entities, according to data by fund houses and credit rating agencies. Though it’s only 1 percent of the total assets un...