DHFL impact: Partial relief for some MFs; BNP Paribas, Reliance get dues

Dewan Housing Finance Corporation (DHFL) has settled some of its dues pending with mutual funds (MFs). According to people in the know, BNP Paribas MF on Friday received payment towards the zero coupon bonds of DHFL.

The dues were pending since Tuesday (June 4), when these papers matured. However, sources say that interest payments towards bonds maturing in 2021 are still due.

Meanwhile, Reliance MF has also received payments from DHFL that were pending since Tuesday.

These receipts would be a source of relief for the fixed maturity plan (FMP) investors of Reliance MF, which had to bear a cut