Indusind Bank Stock Plunge Hits Mutual Fund Valuations

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shares fell over 30% in two days, hitting a 52-week low of ₹649, eroding mutual fund holdings. The bank reported a 2.4% net worth impact from derivative valuation changes. Mutual funds held 20.88 crore shares, with holdings value dropping ₹6,970 crore to ₹13,700 crore.