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Debts funds hold over Rs 8,000 crore in Zee group debts

150 debt mutual funds hold over Rs 8,000 crore worth of bonds and debentures issued by the Essel group companies. Of this, Rs 6,329 is invested in 60 open-ended debt funds while the balance Rs 1,672 crore is in 90 fixed maturity plans (FMPs). Aditya Birla Sun Life Mutual Fund is the biggest investor with an exposure of Rs 2,936 crore across 28 schemes. HDFC Mutual Fund, the second largest investor in Zee group debt with an exposure of Rs 1,196 crore, has most of its exposure through FMPs.

Read More at The Economic Times News date : 28 Jan 2019, Monday

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