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Mutual funds' exposure to Coffee Day Natural Resources stood at Rs 192 cr

Meanwhile, DSP had exposure of Rs 132 crore through its credit risk fund

Mutual funds garnered Rs 8,022 crore of its assets by way of SIPs in December 2018, 29 per cent higher than the previous year
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Jash Kriplani Mumbai
At the end of June, 2019, mutual funds’ exposure to Coffee Day Natural Resources (CDNL) stood at Rs 192 crore, according to data from Value Research. BOI AXA MF had Rs 16 crore of exposure; largely in its short term income fund, while its credit risk fund was marginally exposed. 

Meanwhile, DSP had exposure of Rs 132 crore through its credit risk fund. Indiabulls AMC had exposure of Rs 44 crore to Tanglin Development as on June 28, 2019. The latter is a developer of technology parks in Bengaluru and Mangaluru. It is a wholly-owned subsidiary of Coffee Day Enterprises.  

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First Published: Jul 31 2019 | 1:22 AM IST

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