The firm noted that the bunching up of these downgrades is set to hurt inflows into debt mutual funds. This in turn can hurt funding available to NBFCs, as about 27% of total debt AUMs are lent to NBFCs, according to a CNBC TV18 report. " This will have an impact, as debt mutual funds with exposure to these groups may see slower inflows. There are a few problem companies. We have had this in the past too, but this time the magnitude is much greater," Mahendra Jajoo, Head – Fixed income at Mirae Asset Global investment told CNBC TV18.