₹17,700 crore. Just four entities—IL&FS, DHFL, Reliance ADAG and Yes Bank accounted for about ₹16,000 crore of defaults.Another way to look at the data is to see which debt categories were most affected.
These were credit risk funds ( ₹4,346 crore), followed by medium duration funds ( ₹2,304 crore) and aggressive hybrid funds ( ₹1,902 crore).Despite these statistics, debt funds as a whole do not look highly risky.
The Crisil report highlighted that as of April 2020, 92% of the assets of debt funds were in cash, government securities, bank fixed deposits (FDs) and AAA or A1+ debt (A1+ is the short term equivalent of AAA).However, once again, the individual debt category made a difference.