Equity mutual fund (MF) schemes remain flush with cash despite steady inflows, as fund managers adjust portfolios with the market correction creating fresh buying opportunities.
As of January-end, equity schemes from the top 20 fund houses held 6.1 per cent of their portfolios in cash, up from 5.9 per cent in December and 5.4 per cent in November, according to a report by Motilal Oswal Financial Services.
