MFs keep the powder dry as Nifty nears 'correction', cash holdings rise

Cash holdings of equity schemes at top 20 funds rise to 6.2%; in at least four, the holdings are above 10%

Abhishek Kumar | Mumbai
Last Updated at March 15, 2023 18:23 IST

Mutual funds' average cash holdings in equity schemes topped 6 per cent in February as fund managers went slow on deployment of new inflows on expectations of better buying opportunities amid uncertainties in the market.

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