₹4,000 crore in the so-called side-pockets Mutual funds, which have side-pocketed troubled assets worth ₹4,000 crore, may find it difficult to recover them in the post-lockdown period, with the government announcing a halt on fresh insolvency cases for at least six months and a majority of ongoing cases being pushed to the later part of the year.As of end-April, debt mutual funds have parked nearly ₹4,000 crore in the so-called side-pockets.
These are spread across asset management companies (AMCs), including Aditya Birla Sun Life Mutual Fund, Nippon India Mutual Fund, Tata Mutual Fund, UTI Mutual fund, and Franklin Templeton India, according to rating agency Crisil Ltd.