Mutual funds schemes with significant exposure to troubled Yes Bank

The Yes Bank shares and bonds took a huge hit after the Reserve Bank of India (RBI) imposed a month-long moratorium on the bank on Thursday. Shares of YES Bank tumbled 85% in Friday’s trade after the news of a month-long moratorium. Many mutual fund investors are wondering whether their mutual fund schemes have exposure to the troubled bank’s stocks or bonds.

According to data from Value Research, a mutual fund tracking firm, Nippon India has four schemes which have huge exposure to the troubled stocks/bonds. Some schemes from big fund houses like Franklin Templeton, HDFC Mutual Fund and SBI Mutual Fund also had large exposure to stocks/bonds.

“The Reserve Bank assures the depositors of the bank that their interests will be fully protected and there is no need to panic,” RBI said in a statement.


Nippon India Equity Hybrid Fund has an exposure of Rs 587.58 crore in the bonds/NCDs of the troubled bank. Next in line is Nippon India Credit Risk Fund with an exposure of Rs 468.45 crore in bonds/NCDs of Yes Bank. Similar exposure can be seen in Nippon India Strategic Debt Fund where Rs 410.8 crore are at stake. Franklin India Short Term Income Plan also has an exposure worth Rs 281.09 crore to Yes Bank bonds. (See table below)

Scheme Name	Category	Instrument	Value (Rs Cr)	Assets (in %)
Nippon India Equity Hybrid Fund	Hybrid: Aggressive Hybrid	Bonds/NCDs	587.58	7.47
Nippon India Credit Risk Fund	Debt: Credit Risk	Bonds/NCDs	468.45	9.5
Nippon India Strategic Debt Fund	Debt: Medium Duration	Bonds/NCDs	410.8	20.01
Franklin India Short Term Income Plan - Retail Plan	Debt: Short Duration	Bonds	281.09	2.71
Franklin India Credit Risk Fund	Debt: Credit Risk	Bonds	135.24	2.42
SBI ETF Nifty 50	Equity: Large Cap	Equity	116.61	0.18
HDFC Balanced Advantage Fund	Hybrid: Dynamic Asset Allocation	Equity	93.03	0.21
Nippon India Hybrid Bond Fund	Hybrid: Conservative Hybrid	Bonds/NCDs	78.77	6.18
UTI Unit Linked Insurance Plan	Hybrid: Dynamic Asset Allocation	Bonds/NCDs	72.07	1.62

Baroda Treasury Advantage Fund had the highest percentage of the assets exposed to Yes Bank bonds/NCDs, followed by Nippon India Strategic Debt Fund and IDBI Credit Risk Fund - Regular Plan.

Scheme Name	Category	Instrument	Assets (in %)	Value (Rs Cr)
Baroda Treasury Advantage Fund - Regular Plan	Debt: Low Duration	Bonds/NCDs	26.87	24.14
Nippon India Strategic Debt Fund	Debt: Medium Duration	Bonds/NCDs	20.01	410.8
IDBI Credit Risk Fund - Regular Plan	Debt: Credit Risk	Bonds/NCDs	12.09	7.21
Nippon India Credit Risk Fund	Debt: Credit Risk	Bonds/NCDs	9.5	468.45
Nippon India Equity Hybrid Fund	Hybrid: Aggressive Hybrid	Bonds/NCDs	7.47	587.58
Nippon India Equity Savings Fund	Hybrid: Equity Savings	Bonds/NCDs	7.27	53.26
UTI Credit Risk Fund - Regular Plan	Debt: Credit Risk	Bonds	6.38	71.25
Nippon India Hybrid Bond Fund	Hybrid: Conservative Hybrid	Bonds/NCDs	6.18	78.77
PGIM India Credit Risk Fund - Regular Plan	Debt: Credit Risk	Bonds/NCDs	3.4	12.04

Source: Value Research

HDFC Balanced Advantage Fund has an exposure of Rs 93.03 crore to Yes Bank stocks. SBI ETF Nifty 50 also has investments worth Rs 116.61 crore to Yes Bank stocks.