Equity mutual fund (MF) schemes remain flush with cash despite having deployed a record sum over the past five weeks, amid a 10 per cent downturn in the benchmark National Stock Exchange Nifty.
As of the end of October, equity schemes from the top 20 fund houses were holding 5.5 per cent of their portfolios in cash, compared to 6 per cent in September, according to a report by Motilal Oswal Financial Services.
