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Bloomberg Quint

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Image Credit: Bloomberg Quint

Mutual Funds' Cash Pile Snaps Growth Streak On Record Investments In October

  • Cash held by actively managed mutual fund schemes fell in October for the first time in the fiscal, even as allocation towards cash continued to rise as a result of the decline in equity markets.
  • At the end of October, cash held by various MF schemes was at Rs 1,49,227 crore, marginally below the previous month's figure.
  • The allocation of cash holdings as a share of total assets' value grew to its highest so far this year, at just shy of 5%, after falling in September for the first time since April.
  • While foreign investors made record outflows during the month, domestic institutions, primarily led by mutual funds, made record inflows into equities.

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