Equity schemes with sizeable cash holdings could miss out on the gains seen in the recent market rally, as high cash calls in such funds could keep them from fully participating in the rebound.
According to data sourced from primemfdatabase.com, as many as 11 small-cap schemes held 7 per cent of their asset base in cash at the end of June. Half-a-dozen large-cap schemes and five small-cap schemes also held over 7 per cent in cash.
