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ESSEL MF
Sebi serves fresh show cause notice to Kotak Mutual FundThe regulator has alleged that Kotak Mutual has violated rules that require fund houses to pay back the entire money on the declared net as...- Delhi HC allows Franklin Templeton MF to sell Zee Ent and Dish TV sharesEssel Group had moved Delhi High Court seeking a stay in the matter citing the poor market conditions due to Covid-19.
- Franklin Templeton gets HC nod to sell Essel’s pledged sharesThe shares were pledged with Franklin Templeton as a security cover for debentures of Essel Infraprojects worth Rs 425 crore, which the fun...
- Essel Group repays mutual funds after promoter stake saleThe recovery is on loans that were given to Essel, with ZEE shares used as collateral.
- Mutual funds' asset base rises marginally to Rs 25.68 lakh crore in Sep quarterAccording to Amfi, the AUM of the industry, comprising 44 players, stood at Rs 25.50 lakh crore at the end of June quarter.
- Defaults, downgrades: Have debt mutual funds been able to protect investors?Existing investors have taken a hit with debt funds failing to protect their interests after credit events.
- Essel releases 50% outstanding dues to MFs: Who got how much?The mutual fund industry had a total exposure of around Rs 6,600 crore to Essel Group.
- Essel Group repays half the debt to MFs & NBFCsNearly ₹3,700 crore has been transferred to mutual funds and NBFCs on Friday.
- Essel set to repay MFs Rs 2,600 crore this weekAbout 6 fund houses have an exposure of nearly Rs 6,300 cr with shares of Essel Group entities.
- Mutual funds may stake claim to Zee deal gainsProceeds from the stake sale amount to 50-55 per cent of the money owed to MFs.
- Flipkart founder Sachin Bansal in talks to buy out Essel Mutual FundFormer BofA banker and Bansal’s friend Ankit Agarwal is leading the talks on behalf of Essel MF.
- Mutual funds' AUM rises to Rs 25.49 lakh crore in June quarterThe total asset base of the industry was Rs 23.04 lakh crore in the same period a year ago.
- HDFC MF to buy Rs 500-crore NCDs of Essel Group from its debt schemesMutual funds collectively held Rs 7,000 crore worth of Essel papers.
- Some mutual funds have taken risky bets on Essel Group, IL&FS. Are they really equipped to evaluate credit risks?The IL&FS collapse masks a prosaic and often-forgotten truth that financial markets encounter every decade.
- Rating downgrades and payment delays not new to debt mutual fundsThe prospects of debt mutual funds are back in focus after Kotak Mutual Fund’s FMPs failed to return investors’ entire money.
- List of FMPs exposure to Essel Group and IL&FS maturing in April and MayAccording to reports, HDFC FMP 1168D MF scheme is extended by the company by 380 days.
- Essel Group puts its MF business on the blockAt the group level, Essel has total debt of Rs 17,174 crore and out of this, Rs 11,466 crore is the infra-related debt.
- Sebi offers no opinion on MFs’ breather plan for Zee EntertainmentRegulator puts onus on funds holding Essel debt to do what is best for unit holders.
- Essel MF eyes Rs 10K crore in assets by next MarchThe latest entrant in the mutual fund market, Essel MF currently has an asset base of nearly Rs 1,600 crore.
- Will Essel's downgrade trigger losses for ICICI Prudential and SBI MFs?A cut in a company’s credit worthiness results in a spike in bond yields, pushing prices down.
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