The generally accepted normal range of cash proportion held by MFs is 1- 5 percent. However, only eight among the top 20 MF houses are currently holding cash below 5 percent of their AUM.
Indias mutual funds are sitting on large piles of cash. Recently, brokerage firm Motilal Oswal Financial Services (MOFS) found that the cash proportion of the Assets Under Management (AUM) of Indias …
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