List of 18 Mutual Fund Schemes that has exposure to IL&FS

List of 18 Mutual Fund Schemes that has exposure to IL&FSList of 18 Mutual Fund Schemes that has exposure to IL&FS


IL&FS Crisis has created big shock for stock market investors. While Govt has taken over the control, the risk is still not eliminated. Investors of direct equity stakes are thinking whether to exit from the stock market or continue to invest. Mutual Fund investors who have been thinking long term goals are watching carefully of everyday incident in the stock market now. What are the list of mutual fund schemes that has exposure to IL&FS group companies? Should you continue to invest in such mutual funds? Should you continue to invest in other mutual funds or exit from stock market now?

Also Read: Top International Mutual Funds to invest now

What is IL&FS Crisis?

IL&FS Crisis has tumbled the Indian economy. Few days back, NCLT judgement allowed Govt of India to take over the control of IL&FS and sack the board of directors of the group company. Till last Sunday, investors felt it would collapse entire mutual fund industry in India. With this move, there is new hope that things would get stabilized. If you want to know more about IL&FS Crisis, you can read it here.

List of Mutual Fund Schemes that has exposure to IL&FS


If you are mutual fund investor, you might be thinking which is the mutual fund scheme that has exposure to IL&FS group companies. Such mutual funds, list would help you to assess the risk what you are carrying now. Here are the list of mutual fund schemes that have invested in IL&FS commercial papers and related debt instruments. Most of the funds that invested in this group are short term debt funds or liquid funds. One should note that this is purely based on investments done by mutual fund schemes in companies on debt instruments and not that they have purchased IL&FS group shares.

1) Motilal Oswal Ultra Short Term Fund

Total AUM is Rs 995 Crores out of which it has invested 10% of the amount in IL&FS group company commercial papers and related debt instruments. I do not know how a fund manager can be so careless in investing 10% of fund value in one group entity.

2) Principal Cash Management Fund

Total AUM is Rs 1,040 Crores out of which it has invested 10% of the amount in IL&FS group company commercial papers and related debt instruments. Looks even this fund manager is careless and invested 10% in one group entity.

3) Invesco India Credit Risk Fund

Total AUM is Rs 403 Crores out of which it has invested 7.7% of the amount in IL&FS group company commercial papers and related debt instruments.

4) Principal UItra Short Term Fund

Total AUM is Rs 118 Crores out of which it has invested 7.5% of the amount in IL&FS group company commercial papers and related debt instruments.

5) DSP Credit Risk Fund

Total AUM is Rs 6,881 Crores out of which it has invested 6.5% of the amount in IL&FS group company commercial papers and related debt instruments. Two weeks back, IL&FS has defaulted commercial paper of this mutual fund. Now currently this fund is facing redemption pressure as corporate clients are pressuring for money from this fund

6) BOI Axa Credit Risk Fund

Total AUM is Rs 1,689 Crores out of which it has invested 6% of the amount in IL&FS group company commercial papers and related debt instruments.

7) TATA Corporate Bond Fund

Total AUM is Rs 536 Crores out of which it has invested 4.6% of the amount in IL&FS group company commercial papers and related debt instruments.

8) LIC MF Liquid Fund

Total AUM is Rs 16,643 Crores out of which it has invested 4.2% of the amount in IL&FS group company commercial papers and related debt instruments.

9) Union  Liquid Fund

Total AUM is Rs 2,490 Crores out of which it has invested 4% of the amount in IL&FS group company commercial papers and related debt instruments.

10) Tata Short Term Bond Fund

Total AUM is Rs 5,273 Crores out of which it has invested 3.2% of the amount in IL&FS group company commercial papers and related debt instruments.

11) Aditya Birla SL Medium Term Plan

Total AUM is Rs 11,469 Crores out of which it has invested 3% of the amount in IL&FS group company commercial papers and related debt instruments.

12) Tata Money Market Fund

Total AUM is Rs 2,119 Crores out of which it has invested 2.3% of the amount in IL&FS group company commercial papers and related debt instruments.

13) Aditya Birla SL Credit Risk Fund

Total AUM is Rs 8,326 Crores out of which it has invested 2.2% of the amount in IL&FS group company commercial papers and related debt instruments.

14) Mirae Asset Cash Management

Total AUM is Rs 2,488 Crores out of which it has invested 2% of the amount in IL&FS group company commercial papers and related debt instruments.

15) DSP Bond Fund

Total AUM is Rs 663 Crores out of which it has invested 1.9% of the amount in IL&FS group company commercial papers and related debt instruments.

16) DSP Ultra Short Term Fund

Total AUM is Rs 4,237 Crores out of which it has invested 1.5% of the amount in IL&FS group company commercial papers and related debt instruments.

17) HSBC Cash Fund

Total AUM is Rs 7,507 Crores out of which it has invested 1.4% of the amount in IL&FS group company commercial papers and related debt instruments.

18) Principal Low Duration Fund

Total AUM is Rs 522 Crores out of which it has invested 0.5% of the amount in IL&FS group company commercial papers and related debt instruments.

The above data is as of end of Aug-18.  Latest data as of end of Sep would be published only after 2 weeks, hence above data is taken for analysis.

Which are the top 5 Mutual Fund Schemes that invested highest value in IL&FS group?


1) LIC MF Liquid Fund invested Rs 697 Crores.

2) DSP Credit Risk Fund invested Rs 445 Crores.

3) Aditya Birla SL Medium Term Plan invested Rs 348 Crores.

4) Adity Birla SL Credit Risk Fund invested Rs 189 Crores.

5) HSBC Cash Fund invested Rs 105 Crores.

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Should you continue in these Mutual Fund schemes that has exposure to IL&FS group companies?


After the news that the Government is taking over the control of IL&FS board, stock market started reacting positively. However, there is no definite guarantee that money invested by mutual fund schemes in such group companies would be recovered to the fullest extent. This would definitely have an impact on the mutual fund schemes that has invested in such group companies. If you have invested in any of the above mutual fund schemes and cannot take further risk, you should get out of the mutual fund schemes immediately. If you can take some risk and see how the new board is going to put a plan of action to recover the crisis ridden company, can continue to invest for some more time. If you are falling in second category, you should know that you are exposed to risk and need to keep a close eye for next few months.

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Suresh

List of 18 Mutual Fund Schemes that has exposure to IL&FS

15 comments

  • Bala

    Mr Suresh

    appreciate you for the above article mentioning 18 mutual funds. Good work indeed.
    BUT kindly advise why yr list does not include some schemes like UTI Dyn Bond, ABSL ST Opp fund etc that were revealed yesterday, as being affected by exposure to IL&FS.
    I am asking because is it possible inspite of best efforts by good Samaritans like you, more skeletons so far unknown will keep coming out of the rotten IL&FS stable?

    • Hello Bala, the list which we extracted during that time was where these had huge exposure. The list is not comprehensive. If you want to know any of your funds has exposure to IL&FS, better to go to their portfolio and check if it invests in IL&FS or its subsidiary companies.

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