Banks are tapping the route to avoid haircuts while mutual funds have already taken 70% hit.

Participation of mutual funds, which hold bonds issued by DHFL, is key to any resolution plan.

A three-year bond series worth about Rs 950 crore is due to mature this week.

During moratorium, DHFL would only pay the due interest on outstanding bonds, sources told ET.

The company had entered an agreement with Prudential Financial to divest its 50 per cent holding in DHFL Pramerica Asset Managers (DPAMPL).

Funds dealing in distressed assets seem to be the buyers of DHFL debt in the secondary market.

Out of the aggregate amount of Rs 375 cr, DHFL failed to make payments worth Rs 225 cr.

DHFL Pramerica Medium Term Fund had invested 37 per cent of its portfolio in its parent company DHFL’s papers.

Media reports suggested that the housing finance firm on Saturday paid over Rs 350 crore to different investors.

The company has payment obligations exceeding Rs 2,000 crore coming up in June and July.

Mutual funds collectively had an exposure Rs. 5,236.53 crore to DHFL debt, as on April 30.

UTI Mutual Fund's exposure to DHFL securities through schemes is highest in the industry.

DHFL Pramerica Medium Term Fund, with assets of Rs 35 crore, saw its NAV plunge 52.99 per cent.

The downgrade reflects delays in debt servicing by DHFL on some of the firm's NCDs.

It said that over the last one week there has been a lot of unwarranted speculations in the market about continuous weakening of DHFL's cre...

Several fund houses have large exposures to DHFL, at 2-10 per cent of total debt AUM.

The 10-year debt paper offered an annual coupon return of 8% when other DHFL debt papers of similar or even lower tenors were being traded ...