Well, DHFL Pramerica Mutual Fund finally sent out a communique to all its investors on the DHFL fiasco. Remember DHFL funds fell anywhere between 10% to 50% post the default by Dewan Housing (DHFL). Luckily for the mutual fund, it’s exposure was not as high as others such as UTI MF and Reliance MF and the schemes were small in size. But the fall in percentage terms looks horrific.
DHFL Pramerica exposure to DHFL papers as of 4-6-2018.
Anyway, here’s the letter from Ajit Menon, CEO, DHFL Pramerica Mutual Fund.
