Shares of Tata Motors, which under performed benchmark indices in 2018, witnessed a fresh round of selling recently after December quarter results. It led to an erosion of more than Rs 8,600 crore in terms of market capitalization.
Tata Motors hit a 10-year low in intraday trade a day after it reported a net loss of Rs 26,961 crore for the quarter ended December 2018 impacted by an exceptional item of asset impairment of Rs 27,838 crore.
Over 200 mutual fund schemes are invested in Tata Motors, which is part of Nifty and Sensex. Any drastic slide in market price could also impact those which have considerable exposure in the automaker
Out of 200 schemes, 16 have exposure of more than 2 percent including Reliance Capital Builder, Reliance Vision, Reliance Tax Saver, UTI Focused Equity, Kotak India Growth Fund and ICICI Prudential Bharat Consumption, Morningstar India data showed.
In terms of value, more than Rs 4,000 crore of mutual fund money is riding on Tata Motors, and approximately Rs 1,700 crore in Tata Motors DVR, data showed.
We have collated a list of 15 MFs from data provided by Morningstar India that have exposure of more than 2 percent of their AUM in Tata Motors:
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