Mutual fund (MF) houses have been reducing their debt exposure to Yes Bank. Their total exposure to the private lender as on 31 January 2020 stood at Rs 2819.08 crore, down by 2.18% from Rs 2882.08 crore as on 31 December 2019.
MF scheme with maximum debt exposure to Yes Bank as on 31 January 2020 is Nippon India Equity Hybrid Fund (G) with an exposure of Rs 637.85 crore, followed by Nippon India Credit Risk Fund (G) (Rs 540.1 crore), Nippon India Strategic Debt Fund (G) (Rs 436.33 crore), Franklin India Short Term Income (G) (Rs 281.09 crore) and Rs Franklin India Credit Risk Fund (G) (Rs 135.24 crore).
The fund house having maximum debt exposure to Yes Bank as on 31 January 2020 is Nippon Life Asset Management with a total exposure of Rs 1806.28 crore, followed by Franklin Templeton Asset Management (I) (Rs 475.72 crore), UTI Asset Management Company (Rs 336.67 crore), Kotak Mahindra Asset Management Company (Rs 93.84 crore) and Baroda Asset Management Company (Rs 53.68 crore).
