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Kotak Mutual Fund, Axis MF approach Bombay HC to recover dues from DHFL

As Sebi norms prevent entry into DHFL resolution plan, MFs eye legal route

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DHFL

Jash Kriplani
Kotak Mutual Fund (MF) and Axis MF have joined the list of fund houses that have approached the Bombay High Court (HC) to recover dues from Dewan Housing Financial Corporation (DHFL).

“At Kotak MF, we are committed to take all actions that are necessary to protect our unitholders’ interests. Since the matter is sub-judice, we can’t talk about the merit of our action. We have full faith in our judiciary that they will protect the interests of retail investors,” said Rohit Rao, chief communication officer, Kotak Mahindra Group.

However, it couldn’t be ascertained at the time of going to press, whether pleas