Sebi has sought details from mutual funds about their exposure to all NBFCs and housing finance companies.
Recently shares of Non-Banking Financial Companies (NBFCs) and housing finance companies have taken a beating against the backdrop of IL&FS group entity defaulting on its debt obligations, triggering fears of liquidity crunch.
The Securities and Exchange Board of India (Sebi) has sent letters to mutual funds seeking details about their exposure to all NBFCs and housing finance companies, regulatory and industry sources said.
The companies include DHFLand Indiabulls Housing Finance, they added. Mutual funds have significant exposure to these companies and NBFC companies as a whole.