A sharp, short-term equity market correction is probably unlikely to dent the enthusiasm of Indian institutional investors who are sitting on a Rs 70,000-crore cash pile, according to data collated by two leading research firms and ET’s own calculations.
The level of cash and cash equivalent at equity mutual funds on an absolute basis stands at Rs 40,000 crore, the highest since the industry came into existence in the early 1990s, two independent researchers confirmed. Fund managers ..
