FORM NL-32-STATEMENT OF DOWN GRADED INVESTMENTS
Registration Number:			Name of Fund:
Statement as on: 30.09.2021
Statments of Down Graded Investments
Periodicity of submission : Quarterly							(Amount in Rs. lakhs)
No	Name of Security	COI	Amount	Date of Purchase	Rating Agency	Original Grade	Current Grade	Date of  last Downgrade	Remarks
A	DURING THE QUARTER
1	IDBI 8.99% 19-Dec-12 INE008A08U50.	OBPT	1,500.00	19/12/2012	ICRA	AA+	A+	27/09/2021
B	AS ON DATE
1	IFCI 12.00% 13-Jan-12 INE039A07686.	SGOA	75.00	31/12/2005	ICRA	AAA	BBB	31/12/2019
2	10.50% Sec.Red.NC Gammon India Ltd.	IODS	1,500.00	07/05/2009	CARE	AA	D	31/12/2014
3	13%Sec Red NCDs of Era Infra Engineering Ltd	OLDB	2,000.00	05/06/2009	CARE	A	D	31/12/2013
4	11% Bharati Shipyard Ltd Sec.Rated Red.NCDs of	IODS	2,000.00	09/06/2009	CARE	A	BB-	28/12/2011
5	9.97% Unsec.Red.Sub.NCDs Dewan Housing finance corp. ltd.	OLDB	1,000.00	08/01/2010	CARE	AA	D	30/06/2019
6	9.97% Unsec.Red.Sub.NCDs Dewan Housing finance corp. ltd.	OLDB	1,026.00	08/02/2011	CARE	AA+	D	30/06/2019
7	9.97% Unsec.Red.NCD -Dewan Housing Finance Corpn. Ltd.	OLDB	1,000.00	15/01/2010	CARE	AA	D	30/06/2019
8	11.15% Sec.Red.NCD -Era Infra Engineering Ltd.	OLDB	1,000.00	27/02/2010	CARE	A	D	31/12/2013
9	9.20% Sec.NCD Infrastructure Leasing & Financial Services*	IODS	1,000.00	22/03/2010	CARE	AAA	D	30/09/2018
10	9.85% Dewan Housing Finance Corpn Ltd.	OLDB	500.00	27/04/2010	CARE	AA	D	30/06/2019
11	9.50% Gammon India-NCD (Put option-18.6.2017)-2020	IODS	1,000.00	18/06/2010	CARE	AA	D	31/03/2015
12	9.50% Gammon India-NCD (Put option-18.6.2017)-2020	IODS	1,000.00	16/11/2010	CARE	AA	D	31/03/2015
13	9.70% Dewan Housing Finance Corp.- 2020	OLDB	1,500.00	22/10/2010	CARE	AA	D	30/06/2019
14	10.40% Dewan Housing  Finance 24.11.2020	OLDB	1,000.00	16/03/2011	BRICKWORK	AAA	D	30/06/2019
15	11.25%Elder Pharma NCDs-2018	OLDB	1,000.00	30/03/2011	CARE	A+	D	30/06/2013
16	10.25% Amtek Auto 2015-	OLDB	507.00	19/04/2011	CARE	AA	AA-	30/06/2015
17	10.25% Amtek Auto 2015-	OLDB	506.00	19/04/2011	CARE	AA	AA-	30/06/2015
18	10.25% Amtek Auto 2015-	OLDB	507.00	20/04/2011	CARE	AA	AA-	30/06/2015
19	10.25% Amtek Auto 2015-	OLDB	506.00	21/04/2011	CARE	AA	AA-	30/06/2015
20	10.25% Amtek Auto 2015-	OLDB	2,015.00	14/02/2013	CARE	AA	AA-	30/06/2015
21	10.25% Amtek Auto 2015-	OLDB	2,035.00	22/05/2013	CARE	AA	AA-	30/06/2015
22	10.50% Reliance capital Ltd.2021	OLDB	1,000.00	15/07/2011	CARE	AA+	D	30/09/2019
23	10.50% Reliance capital Ltd.2021	OLDB	500.00	18/07/2011	CARE	AA+	D	30/09/2019
24	9.68% Infrastructure leasing & Finance Co.Ltd.2021	IODS	1,500.00	04/08/2011	FITCH	AAA	D	30/09/2018
25	11% Dewan Housing Fin.Corp Ltd.2021-NCDs	OLDB	500.00	29/09/2011	BRICKWORK	AA+	D	30/06/2019
26	11% Dewan Housing Fin.Corp Ltd.2021-NCDs	OLDB	999.00	25/01/2012	BRICKWORK	AA+	D	30/06/2019
27	10.20% Yes Bank Limited -2021	OLDB	1,000.00	28/10/2011	ICRA	AA	BBB	10/11/2020
28	10.75% Reliance Capital - 2021 NCDs	OLDB	1,000.00	01/11/2011	CARE	AA+	D	30/09/2019
29	10.75% Reliance Capital - 2021 NCDs	OLDB	500.00	31/10/2011	CARE	AA+	D	30/09/2019
30	10.10% Indian Hotels	ECOS	1,000.00	24/11/2011	CARE	AA+	AA	14/09/2012
31	10.75% Reliance Capital 2021	OLDB	999.00	21/12/2011	CARE	AA+	D	30/09/2019
32	10.75% Reliance Capital 2021	OLDB	999.00	05/01/2012	CARE	AA+	D	30/09/2019
33	10.60% Reliance Capital 2022 NCDs	OLDB	998.00	06/01/2012	CARE	AA+	D	23/09/2019
34	9.82% Infrastructure Leasing  & Financial Services Ltd. 2022	IODS	1,000.00	31/01/2012	CARE	AAA	D	30/09/2018
35	10.75% Reliance Capital 2021 -Unsecured	OLDB	989.00	17/02/2012	CARE	AA+	D	30/09/2019
36	10.75% Reliance Capital 2021 -Unsecured	OLDB	989.00	21/02/2012	CARE	AA+	D	30/09/2019
37	10.60% Reliance Capital  NCDs -2022	OLDB	998.00	07/03/2012	CARE	AA+	D	30/09/2019
38	10.60% Reliance Capital  NCDs -2022	OLDB	499.00	09/03/2012	CARE	AA+	D	30/09/2019
39	10.30% IL&FS   Financial Services Ltd.	OLDB	1,006.00	10/04/2012	CARE	AAA	D	30/09/2018
40	9.80% Infrastructure Leasing & Financial Services Ltd.	IODS	1,500.00	05/06/2012	CARE	AAA	D	30/09/2018
41	10.65% Indiabulls Financial Services Ltd.2022 NCDs	ECOS	1,000.00	11/06/2012	CARE	AA+	AA	17/02/2020
42	10.65% Indiabulls Financial Services Ltd.2022 NCDs	ECOS	500.00	12/06/2012	CARE	AA+	AA	17/02/2020
43	9.49% Indian renewable Energy Develop -2022	IPTD	1,521.00	26/06/2012	BRICKWORK	AAA(SO)	AAA(CE)	30/06/2020
44	10.20% Reliance Capital 2022	OLDB	998.00	29/08/2012	CARE	AAA	D	23/09/2019
45	10.20% Reliance Capital 2022	OLDB	499.00	30/08/2012	CARE	AAA	D	23/09/2019
46	10.20% Reliance Capital 2022	OLDB	1,005.00	27/09/2012	CARE	AAA	D	23/09/2019
47	10.20% Reliance Capital 2022	OLDB	503.00	28/09/2012	CARE	AAA	D	23/09/2019
48	10.40% RELIANCE HOME FINANCE Ltd2022-Unsec.Sub.Debt Tier II	OLDB	1,499.00	24/09/2012	CARE	AA	D	31/10/2019
49	9.54% IL&FS Financial Services Ltd.-2022-Series IV	OLDB	1,008.00	05/10/2012	FITCH	AAA	D	30/09/2018
50	9.54% IL&FS Financial Services Ltd.-2022-Series IV	OLDB	504.00	08/10/2012	FITCH	AAA	D	30/09/2018
51	10.40% Reliance Home Finance Ltd.2022 - Unsecured	OLDB	1,499.00	04/10/2012	CARE	AA	D	31/10/2019
52	8.93%Punjab NationalBank 2020 UNSECRED NC LOWER TIER IIBOND.	EPBT	1,500.00	03/12/2012	CARE	AA+	AA	23/11/2020
53	8.93%Punjab NationalBank 2020 UNSECRED NC LOWER TIER IIBOND.	EPBT	999.00	04/12/2012	CARE	AA+	AA	23/11/2020
54	8.93%Punjab NationalBank 2020 UNSECRED NC LOWER TIER IIBOND.	EPBT	999.00	14/12/2012	CARE	AA+	AA	23/11/2020
55	9.95% RELIANCE CAPITAL 2022	OLDB	1,500.00	05/12/2012	CARE	AAA	D	30/09/2019
56	9.95% RELIANCE CAPITAL 2022	OLDB	1,504.00	19/12/2012	CARE	AAA	D	30/09/2019
57	9.95% RELIANCE CAPITAL 2022	OLDB	2,014.00	14/01/2013	CARE	AAA	D	30/09/2019
58	10.75% Simplex Infra Ltd 2022 (put/Call 06.12.2019)	IODS	1,500.00	11/12/2012	CARE	AA	D	12/12/2019
59	8.90% UNION BANK 2022	EPBT	1,400.00	01/01/2013	CRISIL	AAA	AA+	30/09/2017
60	9.40%INFRASTRUCTURE LEASING AND FINANCIAL.-2022 Sec Red NCD.	IODS	2,000.00	03/01/2013	FITCH	AAA	D	30/09/2018
61	10.25% Reliance Capital  Sec NCDs -2022	OLDB	1,536.00	29/01/2013	CARE	AAA	D	30/09/2019
62	10% RELIANCE HOME FINANCE LTD 2023	OLDB	1,500.00	11/02/2013	CARE	AA	D	31/10/2019
63	9.90% RELIANCE CAPITAL SEC NCD 2023	OLDB	2,514.00	14/02/2013	CARE	AAA	D	30/09/2019
64	9.90% RELIANCE CAPITAL SEC NCD 2023	OLDB	2,609.00	09/07/2013	CARE	AAA	D	30/09/2019
65	10.30% IDFC FIRST LIMITED (FORMERLY CAPITAL FIRST  2023)	OLDB	2,563.00	26/03/2013	CARE	AA+	AA	09/10/2020
66	9.5% RELIANCE HOME FINANCE LTD 2023  UNSEC	OLDB	2,499.00	03/06/2013	CARE	AA	D	30/09/2019
67	7.98% IDFC FIRST BANK LIMITED 2023 SEC NCD	ICTD	1,976.00	28/06/2013	ICRA	AAA	AA	30/06/2019
68	10.70% Dewan Housing-2023 Secured Red. NCD Sr. XII Tranche-9	OLDB	1,500.00	27/11/2013	BRICKWORK	AAA	D	30/06/2019
69	10.70% Dewan Housing-2023 Secured Red. NCD Sr. XII Tranche-9	OLDB	1,000.00	02/12/2013	BRICKWORK	AAA	D	30/06/2019
70	9.63% IDFC FIRST BANK LTD 2024 SEC NCD	ICTD	2,500.00	07/01/2014	ICRA	AAA	AA	30/06/2019
71	9.90% IL & FS FINANCIAL SERVICES LTD 2019 SEC NCD	OLDB	2,500.00	31/01/2014	FITCH	AAA	D	30/09/2018
72	9.95% IL& FS LTD. 2021 SEC NCD	IODS	2,000.00	07/02/2014	CARE	AAA	D	30/09/2018
73	9.50% IL&FS FINANCIAL SERVICES LTD.	OLDB	1,500.00	08/07/2014	CARE	AAA	D	30/09/2018
74	9.50%INFRASTRUCTURE LEASING & FIN.SERVICES LTD.-2024-SEC NCD	IODS	2,500.00	01/08/2014	CARE	AAA	D	30/09/2018
75	9.42% RELIANCE CAPITAL LTD 2024	OLDB	2,500.00	05/08/2014	CARE	AAA	D	30/09/2019
76	9.42% RELIANCE CAPITAL LTD 2024	OLDB	1,500.00	06/08/2014	CARE	AAA	D	30/09/2019
77	9.30%IDFC FIRST BANK LIMITED - 07.08.2024	ICTD	2,500.00	11/08/2014	ICRA	AAA	AA	30/06/2019
78	9.55%INFRASTRUCTURE LEASING & FIN.SERVICES LTD.-2024-SEC NCD	IODS	2,000.00	19/08/2014	FITCH	AAA	D	30/09/2018
79	10.10% RELIANCE CAPITAL LTD 2022 NCD	OLDB	516.00	12/09/2014	CARE	AAA	D	30/09/2019
80	9.38%IDFC FIRST BANK LIMITED.10.09.2024	ICTD	2,000.00	16/09/2014	ICRA	AAA	AA	30/06/2019
81	10.30%SHRIRAM HOUSING FINANCE LTD 2024	HTDA	2,000.00	17/10/2014	CARE	AA+	AA	23/10/2020
82	9.32% RELIANCE CAPITAL LIMITED - 2024	OLDB	2,000.00	21/11/2014	CARE	AAA	D	30/09/2019
83	9.20% INDIA BULL HOUSING FINANCE -2024	HTDA	2,501.00	19/12/2014	CARE	AAA	AA+	30/06/2020
84	9.20% INDIA BULL HOUSING FINANCE - 2024	HTDA	2,501.00	07/01/2015	CARE	AAA	AA+	30/06/2020
85	10.50% AMTEK AUTO LIMITED - 2020	OLDB	2,500.00	09/01/2015	CARE	AA	D	31/12/2015
86	10.50% AMTEK AUTO LIMITED - 2020	OLDB	1,000.00	02/03/2015	CARE	AA	D	31/12/2015
87	9.80%AADHAR HOUSING FINANCE LTD. 2025	HTDA	2,500.00	25/03/2015	CARE	AA+(SO)	AA	31/03/2019
88	8.70%IDFC FIRST BANK LTD. 2025	ICTD	1,500.00	25/05/2015	ICRA	AAA	AA	30/06/2019
89	9.98% INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD. 2021	IODS	2,120.00	28/05/2015	ICRA	AAA	D	30/09/2018
90	9.00% INDIABULLS HOUSING FINANCE LTD - 2025	HTDA	2,500.00	12/06/2015	CARE	AAA	AA+	30/06/2020
91	8.73% IDFC FIRST BANK LIMITED - 2022	ICTD	2,000.00	17/06/2015	ICRA	AAA	AA	30/06/2019
92	9.50% DEWAN HOUSING FINANCE CORPORATION LTD.-2020	OLDB	1,500.00	14/07/2015	CARE	AAA	D	30/06/2019
93	8.75% INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD. 2020	IODS	2,000.00	03/08/2015	CARE	AAA	D	30/09/2018
94	9.45% DEWAN HOUSING FINANCE CORPORATION LTD. - 2020	OLDB	1,000.00	02/09/2015	CARE	AAA	D	30/06/2019
95	8.58% INFRASTRUCTURE & LEASING FINANCIAL SERVICES LTD.  2018	IODS	2,500.00	04/12/2015	CARE	AAA	D	30/09/2018
96	9.40%IDFC FIRST LIMITED 2025(FORMERLY CAPITAL FIRST )	OLDB	2,509.00	08/12/2015	CARE	AA+	AA	09/10/2020
97	8.65%INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD. 2020	IODS	2,500.00	23/12/2015	CARE	AAA	D	30/09/2018
98	9.50% ECL FINANCE LTD. - 2026	OLDB	2,500.00	18/03/2016	BRICKWORK	AA+	AA-	11/11/2020
99	9.50% ECL FINANCE LTD. - 2026	OLDB	1,500.00	21/03/2016	BRICKWORK	AA+	AA-	11/11/2020
100	9.40%IL&FS TRANSPORTATION	IODS	2,500.00	13/04/2016	CARE	AAA	D	31/12/2018
101	8.95% RELIANCE HOME FINANCE LTD. - 2025	OLDB	2,500.00	19/05/2016	CARE	AA+	D	31/10/2019
102	8.90%INDIABULLS HOUSING FINANCE LTD. - 2026	HTDA	2,491.00	26/07/2016	CARE	AAA	AA+	30/06/2020
103	8.60% IL&FS Financial Services Ltd. - 2021	OLDB	2,500.00	09/08/2016	CARE	AAA	D	30/09/2018
104	9.10% Reliance General Insurance Co. Ltd. 2026	OLDB	2,000.00	18/08/2016	CARE	AA	A	03/04/2020
105	9.28% IL&FS Transportation Networks Ltd - 2021	IODS	3,000.00	26/08/2016	CARE	AA+	D	31/12/2018
106	9.28% IL&FS Transportation Networks Ltd - 2021	IODS	2,000.00	08/12/2016	CARE	AA+	D	31/12/2018
107	9.30% Dewan Housing Finance Corporation Ltd.- 2026	OLDB	2,009.00	29/08/2016	CARE	AAA	D	30/06/2019
108	9.15% DEWAN HOUSING FINANCE CORPORATION LTD. 2021	OLDB	1,496.00	14/09/2016	CARE	AAA	D	30/06/2019
109	9.10% DEWAN HOUSING FINANCE CORPORATION LTD. 2019	OLDB	998.00	14/09/2016	CARE	AAA	D	30/06/2019
110	8.90% Reliance Capital Ltd., - 2021	OLDB	2,500.00	14/09/2016	CARE	AAA	D	30/09/2019
111	9.00% Reliance Capital Ltd.,-2026	OLDB	2,000.00	15/09/2016	CARE	AAA	D	30/09/2019
112	8.75% IDFC FIRST BANK LIMITED 2026(FORMERLY CAPITAL FIRST)	OLDB	2,500.00	22/09/2016	CARE	AA+	AA	09/10/2020
113	9.00% INDIABULLS HOUSING FINANCE LTD - 2026	HTDA	2,508.00	30/09/2016	CARE	AAA	AA+	30/06/2020
114	7.77% CAN FIN HOMES LTD-2021 NC TAXBLE DEB	HTDA	2,000.00	17/11/2016	FITCH	AAA	AA	19/12/2019
115	8.90% JK LAKHMI CEMENTS  2022	OLDB	2,000.00	10/01/2017	CARE	AA	AA-	31/12/2018
116	7.85% INDIAN HOTELS CO LTD 2022 SEC RED NCD..	ECOS	2,000.00	24/01/2017	CARE	AA+	AA	08/01/2021
117	8.25% Sec.NCD Reliance Capital 2020, Series II	OLDB	1,500.00	16/02/2017	CARE	AAA	D	30/09/2019
118	8.35% NATIONAL INSURANCE CO. LTD. - 2027 UNSECURED	OBPT	2,500.00	29/03/2017	ICRA	AA+	A+	19/10/2020
119	8.35% NATIONAL INSURANCE CO. LTD. - 2027 UNSECURED	OBPT	2,500.00	30/03/2017	ICRA	AA+	A+	19/10/2020
120	8.35% NATIONAL INSURANCE CO. LTD. - 2027 UNSECURED	OBPT	2,500.00	31/03/2017	ICRA	AA+	A+	19/10/2020
121	8.45% IDFC FIRST LIMITED 2024 (FORMERLY CAPITAL FIRST )	OLDB	2,000.00	05/05/2017	CARE	AA+	AA	09/10/2020
122	8.06% Infrastructure Leasing &Financial services Ltd.May2022	IODS	1,500.00	16/05/2017	CARE	AAA	D	30/09/2018
123	7.50% ILFS NCD - 2020	IODS	2,500.00	08/08/2017	CARE	AAA	D	30/09/2018
124	7.60% Infrastructure Leasing & Financial Services SEC. 2020	IODS	2,500.00	23/08/2017	FITCH	AAA	D	30/09/2018
125	7.75% IL & FS FIN SERVS 2022 SEC RED NCD	IODS	2,000.00	12/09/2017	CARE	AAA	D	30/09/2018
126	7.85% Infrastructure Leasing & Financial Services 2027	IODS	1,493.00	26/09/2017	CARE	AAA	D	30/09/2018
127	7.85%INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD-2022	IODS	2,500.00	03/11/2017	CARE	AAA	D	30/09/2018
128	7.85%INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD-2022	IODS	1,499.00	22/11/2017	CARE	AAA	D	30/09/2018
129	7.80% IL&FS Financial Services 2024	OLDB	2,484.00	09/11/2017	CARE	AAA	D	30/09/2018
130	7.77% Indiabulls Housing Finance Ltd. -2022	HTDA	2,500.00	10/11/2017	ICRA	AAA	AA	24/02/2020
131	8.30% IL & FS 2023	IODS	2,500.00	15/01/2018	CARE	AAA	D	30/09/2018
132	8.30% Infrastructure Leasing & Financial Services Ltd-2023	IODS	2,498.00	18/01/2018	CARE	AAA	D	30/09/2018
133	8.30% Infrastructure & Leasing Finance Services Ltd. - 2023	IODS	2,494.00	07/02/2018	CARE	AAA	D	30/09/2018
134	8.45%Infrastructure Leasing &Financial Services Ltd.	IODS	2,500.00	16/03/2018	CARE	AAA	D	30/09/2018
135	8.75% IL&FS Financial Services –2023	OLDB	2,500.00	03/04/2018	CARE	AAA	D	30/09/2018
136	7.80% IL&FS –2020	IODS	2,469.00	11/04/2018	CARE	AAA	D	30/09/2018
137	7.80% IL&FS –2020	IODS	2,452.00	04/05/2018	CARE	AAA	D	30/09/2018
138	7.80% IL&FS –2020	IODS	1,956.00	11/05/2018	CARE	AAA	D	30/09/2018
139	8.90%INFRASTRUCTURE LEASING & FINANCIAL SERVICES LTD.-2023	IODS	2,494.00	21/05/2018	CARE	AAA	D	30/09/2018
140	9.05% Infrastructure Leasing and Financial Services Ltd.2023	IODS	1,488.00	29/06/2018	CARE	AAA	D	31/12/2018
141	7.40% Indian Renewable energy Development Agency(IREDA)2030.	IPTD	2,500.00	04/03/2020	FITCH	AAA	AA+	01/09/2020
142	7.40% Indian Renewable energy Development Agency(IREDA)2030.	IPTD	2,500.00	05/03/2020	FITCH	AAA	AA+	01/09/2020
143	7.40% Indian Renewable energy Development Agency(IREDA)2030.	IPTD	2,500.00	13/03/2020	FITCH	AAA	AA+	01/09/2020
144	7.40% Indian Renewable energy Development Agency(IREDA)2030.	IPTD	2,500.00	16/03/2020	FITCH	AAA	AA+	01/09/2020
145	7.40% Indian Renewable energy Development Agency(IREDA)2030.	IPTD	2,000.00	19/03/2020	FITCH	AAA	AA+	01/09/2020
146	7.740% IREDA 2030	IPTD	5,010.00	13/05/2020	FITCH	AAA	AA+	01/09/2020