Mutual fund houses exposure to Adani Group 2022, by size of assets
As of December 2022, SBI Mutual Funds in India had the highest exposure to the Adani group at around 47 billion Indian rupees in absolute terms, followed by UTI Mutual Funds. A large number of mutual fund companies incurred significant losses as a result of setbacks to Adani Group's stocks post-publication of Hindenburg's report claiming fraud and stock manipulation, among others.