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    These HDFC mutual fund schemes to benefit from Essel repayments

    Synopsis

    Here is the scheme-wise market value exposure of HDFC mutual fund to Essel group of companies as on September 11.

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    There are two open-ended debt mutual fund schemes and 15 FMPs that have exposure to Essel group.
    Unit holders of two open-ended debt schemes and 15 FMPs of HDFC mutual fund would benefit from the partial repayment of money by the Essel group. The open ended schemes are: HDFC Credit Risk Debt Fund and HDFC Hybrid Debt Fund.

    An official communication from HDFC mutual fund to unit holders of the concerned schemes states: Further to our update on exposure to Essel group companies in the schemes of HDFC Mutual Fund issued on February 4 and April 15; we are pleased to inform that the promoters of Essel group companies have sold a part of their stake in Zee Entertainment Enterprises Limited and utilised a part of the proceeds for partial repayment of the exposure held by the schemes of HDFC Mutual Fund. With this partial repayment, the aggregate market value of the outstanding exposure as on September 11 stands reduced to Rs 383.6 crores.

    Scheme-wise market value of the exposures to Essel group companies is given below.
    • Open ended Schemes
    Name of the SchemeDate of Scheme MaturityAs on 31st August 2019*As on 11th September 2019
    HDFC Credit Risk Debt FundNot Applicable271.5144
    Hybrid Debt FundNot Applicable1.20.6

    • Closed ended schemes
    Name of the SchemeDate of Scheme MaturityAs on 31st August 2019*As on 11th September 2019
    HDFC FMP 1168D February 2016 (1)29 April 202070.147.6
    HDFC FMP 1309D September 2016 (1)20 April 202093.643.5
    HDFC FMP 1188D March 2017 (1)29 June 202068.536.1
    HDFC FMP 1302D September 2016 (1)21 April 202063.029.4
    HDFC FMP 1213D March 2017 (1)17 July 202039.522.9
    HDFC FMP 1124D June 2018 (1)26 July 202147.522.2
    HDFC FMP 1208D March 2018 (1)05 July 202122.010.6
    HDFC FMP 1170D February 2017 (1)13 May 202010.76.0
    HDFC FMP 1166D May 2017 (1)17 July 202011.35.3
    HDFC FMP 1136D June 2017 (1)17 July 202010.75.0
    HDFC FMP 1161D July 2016 (1)30 September 20197.24.3
    HDFC FMP 1111D September 2016 (1)30 September 20195.72.9
    HDFC FMP 1178D FEBRUARY 2017 (1)14 May 20201.41.4
    HDFC FMP 1199D January 2017 (1)13 May 20202.41.1
    HDFC FMP 1218D December 2016 (1)13 May 20201.70.7
    *As per latest month-end portfolio (Market value in Rs crore)
    The Economic Times

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