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Cash Share Of Mutual Funds' Holdings Falls For First Time Since April
Total cash pile with mutual funds grew marginally by 0.9% in September to Rs 1.49 lakh crore, while the asset base grew 3.38%.
15 Oct 2024, 02:38 PM IST 
Cash held by active equity schemes grows to Rs 1.49 lakh crore in September.
(Source: envato)
Mutual funds' allocation toward cash as a percentage of total assets held by actively managed equity schemes fell during September for the first time since April.Allocation toward cash had been increasing for a major part of the current financial year, hitting a high of 4.92% of assets under management in August, according to data provided by Ace Mutual Fund.However, in September, the total cash pile grew marginally by 0.9% to Rs 1.4...
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