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MFs prune stakes in NBFCs and HFCs

Gayathri Udyawar 0 1002 Article rating: 5.0

Mutual funds have reduced their stakes in most of the non-banking finance companies (NBFCs) and housing finance companies (HFCs) in September. The trigger for these exits was the defaults in repayments by group companies of Infrastructure Leasing & Financial Services (IL&FS). The subsequent ratings downgrades led to fears of a contagion in the sector.

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