UTI Mutual Fund receives November payments for DHFL's commercial papers

Experts say, while larger non-banking entities are covered for their near-term payments, funding for fresh business may be a challenge for some players

UTI Mutual Funds has received payments for commercial papers (CPs) of Dewan Housing Finance (DHFL) that were maturing in November. 

"We can confirm that DHFL has prepaid CPs maturing at a later date in November to UTI MF. We cannot provide any further details as we do not comment on specific investment decisions," the fund house said.

According to sources, as these CPs were not rolled-over, the fund house now doesn't have exposure to DHFL CPs in UTI Liquid Cash Plan, UTI Money Market Fund and UTI Treasury Advantage Fund.

Experts say, while larger non-banking entities are covered for their