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UTI, Nippon India set aside Voda Idea debt

UTI, Nippon India set aside Voda Idea debt

Tuesday, February 18, 2020, 8:34 AM

Mutual-funds invested in the debt of Vodafone-Idea, telco that must pay the government Rs.53,000-crore in dues, has begun segregating those investments into a separate portfolio after the company's creditworthiness was downgraded in light of the stressed finances. UTI Mutual-Fund and Nippon-India MF decided to create a segregated portfolio, following in the footsteps of Franklin Templeton Mutual-Fund, which had already segregated the investments last month.
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