Investors in fixed maturity plans (FMPs) of leading mutual fund (MF) houses are beginning to get hurt because of the financial troubles in the Essel group which owns Zee. Kotak MF told its investors on 8th April that it would not be able to pay those who are invested in FMPs, which matured on 8th/10th, because of exposure to debt papers issued by companies belonging to the Zee group. HDFC MF, which also has exposure to Zee group’s debt papers, told investors in some of its FMPs that it was extending the date of redemption by a little over a year, to April 29, 2020.