Altico Capital India Ltd Articles

MF debt exposure
October 14, 2019
UTI MF rejects 42% haircut plan in IL&FS; provides update on Reliance Home Finance, Altico debt exposure

The 7th largest fund house also provides suggestions for modifying DHFL resolution plan, which in its first format does not envisage any principal haircut

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side pocketing in mutual funds
September 16, 2019
Post-Altico default, Reliance Ultra Short Duration Fund suspends subscriptions, to create side pocket

Side pocket to be effective from Sept 25; upon recovery of any money from the segregated portfolio, it will be immediately distributed to the investors in proportion to their holding

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Credit Default
September 14, 2019
Altico Capital default: UTI Credit Risk Fund creates side pocket; Reliance Ultra Short Duration NAV drops 3.9%

UTI Credit Risk Fund has an exposure of Rs 200 crore or about 6% of its AUM, while Reliance Ultra Short Duration Fund has an exposure of Rs 150 crore or 4.6% of its AUM

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