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Vodafone Idea makes interest payment to mutual funds

India 2020 economy Government Department
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₹102.71 crore as interest, UTI Mutual Fund and Nippon India Mutual Fund have cumulatively got ₹100 crore.The payout shall be processed by extinguishing proportionate units in the plans of the segregated portfolio of respective schemes.

After the payment, the number of units outstanding in the investor account (under the segregated portfolio of the scheme) would fall to the extent of payout.UTI and Nippon India Mutual Fund side pocketed their respective exposures to Vodafone Idea on 17 February.

This was after downgrade by Care Ratings to BB- (which is below investment grade) from BBB-. A downgrade of debt below the investment grade allows mutual funds to side pocket their exposure.Franklin had side pocketed exposure to Vodafone in 6 debt.

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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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2p vitamin gives 'better cancer immunity' by changing gut bacteria, study finds
TV doctor Tijion Esho who gave patient free Botox in return for sex is struck off
Saturday Kitchen fans issue same complaint as they fume over huge hygiene issue
How to entertain yourself when you stuck inside due to a pandemic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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