According to the data sourced from primemfdatabase.com, MFs' exposure to the AT-1 bonds - also called perpetual bonds - stood at Rs 37,687 crore as of January 31, 2020
This amount will be in addition to existing securities of $750 million (around Rs 5,343 crore) that the company has raised recently
The coupon rate on perpetual bonds is attractive, but they come with a call option, and are not for investors who want liquidity