 "stocks, markets, funds, growth, investments")
Three debt schemes of Nippon India Mutual Fund (MF) saw an increase in their net asset values (NAV) of 2-14 per cent after the fund house sold Rs 216.54 crore worth of shares in Reliance Home Finance (RHF).
The NAVs of Nippon India Ultra Short Duration Fund rose by 2.4 per cent, Nippon India Credit Risk Fund surged by 5.96 per cent and Nippon India Strategic fund increased by 13.67 per cent.
Nippon India MF had earlier marked down the exposures in RHF, after the security was downgraded below investment grade by credit rating agencies.
“The difference between this amount
