 "FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks")
Aditya Birla Sun Life Mutual Fund (ABSL MF) has created a segregated portfolio — commonly referred to as side-pocketing — for its investment in Essel Group company Adilink Infra & Multitrading which has gone sour.
Three ABSL MF’s schemes — ABSL Medium Term Fund, ABSL Credit Risk Fund and ABSL Dynamic Bond Fund — had subscribed to Adilink’s debentures worth Rs 793 crore which were due in March 2020. The move to create a side pocket was triggered by Adilink’s failure to repay investors.
“On November 25, 2019, payments from Adilink were due to the minority investor as the minority
