Twenty fund houses have raised their cash holdings in the first six months of the calendar year, with the largest increase by Quant MF (19.4%) and WhiteOak Capital (12.2%), data from Value Research shows. The data is for cash holdings as a percentage of equity assets.
Eleven fund houses have cash holdings in excess of 5%. These include the likes of ICICI Prudential MF, HDFC MF and Tata MF. The first two, along with SBI MF, hold in excess of Rs 10,000 crore each in cash.
