HDFC Mutual Fund to purchase Essel Group NCDs
Jun 18 2019
News Category: AMC Specific Updates
According to media reports, HDFC Mutual Fund plans to buy Non-Convertible Debentures (NCD) worth Rs. 500 crore. This is the fund house’s effort for providing liquidity arrangement to some of its Fixed Maturity Plan (FMP) schemes that have allocations in NCDs issued by two subsidiaries of Essel Group.