Summer Haircuts In Mutual Funds (Debt)

• https://www.livemint.com/money/personal-finance/amfi-suggests-lesser-provisioning-for-secured-loan-against-share-papers-1557112371383.html
• https://www.personalfn.com/fns/new-valuation-norms-for-debt-mutual-funds-and-impact-on-investments
• http://www.cogencis.com/newssection/amfi-recommends-graded-haircuts-for-below-investment-grade-debt/ : Haircut matrix
• https://www.rupeeiq.com/content/amfi-guidelines-this-is-how-fund-houses-will-cut-value-of-sub-investment-grade-debt/ Haircut matrix
• https://www.rupeeiq.com/content/uti-mutual-fund-cuts-value-of-investment-in-jorabat-shillong-expressway-by-another-25/ - Nice: Specific haircut details of MF
• https://www.rupeeiq.com/content/hdfc-mf-takes-12-more-markdown-in-ilfs-entity-exposure-reaching-37/ Specific details
• https://www.rupeeiq.com/content/april-30-saw-sharp-drop-in-nav-for-some-debt-hybrid-mutual-funds/ Apr 29th to Apr 30, 2019 drops in MFs.
• Livemint: Mutual funds hit hard by DHFL interest delay. https://www.livemint.com/mutual-fund/mf-news/mutual-funds-hit-hard-by-dhfl-interest-delay-1559712308072.html Jun 4th. 29% drop in NAV in a day
• https://www.business-standard.com/article/markets/dhfl-assigned-default-rating-mfs-with-high-exposure-see-30-50-drop-in-nav-119060600055_1.html Jun 4th
• Economic Times: Debt mutual funds take a tumble as DHFL slips on payment. https://economictimes.indiatimes.com/mf/mf-news/debt-funds-take-a-tumble-as-dhfl-slips-on-payment/articleshow/69670067.cms?UTM_Source=Google_Newsstand&UTM_Campaign=RSS_Feed&UTM_Medium=Referral Jun 4th
• Times of India: Debt MFs’ NAVs halve as DHFL defaults on payment. https://timesofindia.indiatimes.com/business/india-business/debt-mutual-funds-navs-halve-as-dhfl-defaults-on-bonds-payment/articleshow/69668367.cms?UTM_Source=Google_Newsstand&UTM_Campaign=RSS_Feed&UTM_Medium=Referral jun 4th
• https://timesofindia.indiatimes.com/business/india-business/how-default-leads-to-crash-in-navs/articleshow/69668821.cms
• Sidepocketing principle in Tata Corporate Bond Fund: https://m.economictimes.com/mf/mf-news/tata-corporate-bond-tata-medium-term-and-tata-treasury-advantage-fund-investors-get-load-free-exit-period/articleshow/69677206.cms and Livemint: Tata Mutual Fund launches India’s first mutual fund side pocket. https://www.livemint.com/mutual-fund/mf-news/tata-mutual-fund-launches-india-s-first-mutual-fund-side-pocket-1559877471498.html
• UTI: https://m.economictimes.com/markets/stocks/news/uti-mutual-fund-fully-writes-off-dhfl-exposure/articleshow/69690993.cms
• https://www.business-standard.com/article/pf/exit-or-hold-what-you-should-do-if-your-mutual-fund-is-exposed-to-dhfl-119060700614_1.html
• Economic Times: These two fund houses alone had 56% exposure to industry's DHFL debt. https://economictimes.indiatimes.com/markets/stocks/news/these-two-fund-houses-alone-have-56-exposure-to-dhfl-debt/articleshow/69700830.cms?UTM_Source=Google_Newsstand&UTM_Campaign=RSS_Feed&UTM_Medium=Referral

Various terms explained: https://www.rbi.org.in/CommonPerson/english/Scripts/FAQs.aspx?Id=711#22