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The Economic Times
The Economic Times
Surbhi Khanna

Mutual funds raise cash holdings by Rs 12,700 crore despite market rebound in April

SBI Mutual Fund ICICI Prudential Mutual Fund Quant Mutual Fund Abakkus Asset Manager ACE MF DSP Mutual Fund PPFAS Mutual Fund

Mutual funds increased their cash allocation by Rs 12,726 crore to Rs 1.98 lakh crore in April despite a strong market recovery. In March, mutual fund cash holdings had declined to a 16-month low of Rs 1.86 lakh crore, down Rs 24,184 crore, or 12% month-on-month (MoM), from Rs 2.09 lakh crore in February.

In April, Indian benchmark indices Nifty 50 and BSE Sensex gained 6.60% and 5.96%, respectively. (Source: ACE MF)

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