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Altico downgrade: MFs to create segragated portfolio


UTI Mutual Fund has an investment of Rs 333.84 crore in Altico across seven debt schemes.

UTI Mutual Fund has decided to create a segregated portfolio in UTI Credit Risk Fund, after CARE Ratings downgraded debt instruments of Altico Capital India to ‘B’, which is ‘below investment grade’.

Reliance Nippon Life Asset Management said that they propose to create segregated portfolio of securities of Altico Capital India held in Reliance Ultra Short Duration Fund. The data from Value Research show that mutual funds have an exposure of Rs 537.67 crore in Altico Capital India as of August 2019 ...


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