PPFAS Mutual Fund among 6 MFs holding over Rs 10,000 crore in cash in July

Mutual funds increased their cash holdings by over Rs 7,856 crore to Rs 1.90 lakh crore in July, recovering from a 19-month low of Rs 1.83 lakh crore in June, according to ACE MF data. Cash holdings as a percentage of total assets were 4.6% in the same period. Here is a detailed breakup (Source: ACE MF)

PPFAS Mutual Fund had the highest cash reserves in its portfolio, at Rs 25,291 crore in July, accounting for 16.32% of the total AUM. The fund house has three equity-oriented funds.Parag Parikh Flexi Cap Fund had the highest cash allocation of Rs 24,793 crore, followed by Parag Parikh ELSS Tax Saver Fund and Parag Parikh Large Cap Fund which had Rs 490 crore and Rs 7 crore cash respectively in July.

SBI Mutual Fund, the largest fund house by AUM, had a cash allocation at Rs 24,415 crore, or 3.08% of its total assets. The equity AUM was Rs 7.69 lakh crore.

HDFC Mutual Fund had a cash allocation in its portfolio of Rs 23,173 crore which was 4.60% of the total AUM. The equity AUM was Rs 4.81 lakh crore.

ICICI Prudential Mutual Fund had a cash allocation of Rs 21,159 crore which was 3.69% of the total AUM. The equity AUM was Rs 5.52 lakh crore.

Quant Mutual Fund had a cash allocation of Rs 14,739 crore which was 16.16% of the total AUM. The equity AUM was Rs 76,450 crore

Axis Mutual Fund had a cash allocation of Rs 12,089 crore which was 5.82% of the total AUM. The equity AUM was Rs 1.95 lakh crore.

Fund managers typically keep a portion of their portfolio in cash to meet redemption requests or deploy in the market when attractive opportunities arise.