In April, Indian mutual funds increased cash holdings by over Rs 12,700 crore, taking total cash to about Rs 1.98 lakh crore, despite a strong market rebound. While some fund houses added to their cash buffers, others cut back, signaling uneven positioning across the industry. SBI Mutual Fund emerged as the biggest cash holder among peers.
In March, several Indian midcap funds parked notable portions of their portfolios in cash. Axis Midcap Fund led with about 9.3% cash, while Taurus Mid Cap held 8.8%. HDFC Mid Cap reported 7.7% cash, and Baroda BNP Paribas and Bank of India Mid Cap funds followed with 7.5% and 6.5%.
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