UTI MF receives full payment from Zee Learn

UTI Credit Risk Fund has recovered entire proceeds from Zee Learn Limited in the segregated portfolio, a press release from the fund house stated. The segregated portfolio was created on July 07 in UTI Credit Risk Fund and UTI Medium Term Fund, reports The Economic Times. 
On July 07, 2020 UTI Mutual Fund had created a segregated portfolio in respect of debt securities of Zee Learn Limited in UTI Credit Risk Fund and UTI Medium Term Fund due to the downgrade of such securities below investment grade. 
The recovery proceeds, in proportion to investors’ unit holdings, will be credited to investors’ Core Banking Solution (CBS) bank account, if registered in the portfolio, and in the absence of CBS bank account details, the physical warrant will be dispatched once postal / courier services become operational. 



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