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BOI AXA mutual fund's debt schemes in trouble now

Apr 27, 2020 11:52 IST

The net asset values (NAVs) of three BOI AXA Mutual Fund's debt schemes plunged up to 50% on Friday. The fund house wrote down its exposure in seven securities across its portfolios. Among the fund's stressed portfolios are DHFL, Avantha holdings, RKV Enterprise, Coffee Day Natural Resource, etc.