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Kotak MF suspends subscriptions in two debt funds holding Yes Bank AT1 bonds

viaeconomictimes.indiatimes.com16 Oct
Kotak MF suspends subscriptions in two debt funds holding Yes Bank AT1 bonds
In a move aimed at protecting investors, Kotak Mahindra Asset Management Company has put a temporary hold on subscriptions for two of its mutual fund schemes. This decision follows the zero valuation of Yes Bank AT1 bonds after a significant bank reconstruction in March 2020. Similarly, Tata Mutual…

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