Mutual fund cash reserves increased by Rs 6,937 crore, from Rs 1.80 lakh crore in November to Rs 1.87 lakh crore in December, raising cash allocation from 4.98% to 5.17%. SBI Mutual Fund, with the largest cash allocation of Rs 31,767 crore (4.61% of AUM), was among five fund houses holding over Rs 10,000 crore in cash.
