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

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.  

While industry