Only those invested through direct stocks in Adani need to worry and not those invested through the mutual fund. Because the fund manager and research team put in lots of research and debate before inducting a stock into the portfolio.
Since the risk to our investors was minimal, I have not written about the same.
By and large most diversified mutual funds stayed away from the Adani stocks, those Index funds and ETFs took higher stakes due to their mandate. Even there the exposure is not alarming and during the past few days, several of them reduced the exposure.
Since I am getting messages from the investors, I am giving the table which mentions the fund-wise exposure.
So, in nutshell no investors need to worry, The Quant mutual fund which had high exposure among fund house , almost sold it all holding in Adani Group stocks. Before the media published the news item, I twitted about the same a day in advance.
