At the end of March, the total cash holding of all equity-based mutual funds stood at Rs 1.33 lakh crore, at 4.71%. Here is the list of seven mutual funds who were sitting on over Rs 5,000 crore cash pile, according to data by ACE MF.
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The largest fund house by assets managed was sitting on Rs 23,384.81 crore cash in March. This was 4.09% of the total AUM. The fund house had a total equity AUM of Rs 5.48 lakh crore. The total cash holding as a percentage of total AUM by the fund house in February was 4.51%.
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ICICI Prudential Mutual Fund
The fund house was sitting on Rs 20,886.52 crore cash in March. This was around 6.92% of the total AUM. The equity AUM of the fund house was Rs 2.81 lakh crore as on March 31, 2024.
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The fund house was sitting on Rs 19,562.38 crore cash pile. This was around 6.97% of the total AUM. The fund house had an equity AUM of Rs 2.61 lakh crore as on March 31, 2024.
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PPFAS Mutual Fund was sitting on Rs 8,770 crore cash in March. The cash holding as a percentage of total AUM was 13.76%. The total equity AUM of the fund house was Rs 54,963.71 crore.
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The fund house was sitting on a cash pile of Rs 7,723.73 crore in March. The cash holding as a percentage of total AUM was 4.52%. The fund house had an equity AUM of Rs 1.63 lakh crore.
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Nippon India Mutual Fund
The fund house kept Rs 6,034.90 crore cash in its portfolio in March. This was around 2.55% of total AUM. The equity AUM of the fund house was Rs 2.30 lakh crore as on March 31, 2024.
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The fund house was sitting on a cash pile of Rs 5,501.95 crore. This was 9.23% of the total AUM. The equity AUM of the fund house was Rs 54,126.31 crore as on March 31, 2024.
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