Mutual funds increased cash allocation by over Rs 5,900 crore to Rs 2.07 lakh crore in December

Mutual funds raised their cash holdings by ₹5,913 crore in December to ₹2.07 lakh crore, increasing cash levels to 4.81% of AUM from 4.68% in November. Meanwhile, total equity AUM rose modestly by ₹11,000 crore month-on-month to ₹43.25 lakh crore.