MF schemes exposed to Altico see 1-8% dip in NAVs after rating downgrade

After corporate entity is downgraded to 'D', fund houses need to take at least 75% markdown

Jash Kriplani | Mumbai
Last Updated at September 16, 2019 01:40 IST

As many as 15 schemes exposed to Altico's debt papers saw sharp dip

Mutual fund (MF) schemes holding Altico Capital’s debt papers saw a 1-8 per cent dip in their net asset values (NAVs) on Friday, after the company was given ‘D’, or the default grade rating.

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