The equity asset of almost all the mutual fund schemes tumbled in February on the back of turbulence in the market even while the top two fund houses, SBI MF and ICICI MF, recorded the lowest decline of 1.1 per cent, largely due to their high cash holding of 10 per cent and 9 per cent, as per data of Motilal Oswal monthly Fund Folio, an analysis of the mutual fund industry.
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