Mutual funds sitting on Rs 1.86 lakh crore cash in September
Mutual funds held Rs 1.86 lakh crore in cash, which was 5.02% of their total AUM in September 2024. ICICI Prudential had the highest cash holdings at Rs 31,976 crore. Fund managers keep cash to manage redemptions or seize market opportunities, indicating a cautious approach in the current market scenario.