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.