DBI Banking & Financial Services Fund holds around 78.38% of cash as per its July-end portfolio. How much cash do you expect your equity funds to hold on an average?
If you invest in MFs, you would have noticed cash positions of, typically, up to 10% in equity funds. But that may not always be the case. Reliance Japan Equity Fund had around 72.03% in cash, as per Value Research. ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D.) Fund has held around 44.03% of cash. Is a high cash allocation normal?