Mutual fund cash pile sees Rs 19,000 crore spike to Rs 1.71 lakh crore in July
Mutual funds were sitting with Rs 1.71 lakh crore cash allocation in July which was 4.89% of the total AUM. The net equity AUM was recorded at Rs 35 lakh crore as on July 2024. There were around 43 mutual funds in the market in the said period.
Five mutual funds had more than Rs 1 lakh crore cash in their portfolio. ICICI Prudential Mutual Fund had the highest cash allocation of Rs 33,790 crore as on July 2024 which was 8.90% of the total AUM. The fund house had an equity AUM of Rs 3.45 lakh crore as on July 2024.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-112558042»>Also Read | These 8 equity mutual funds receive over Rs 3,000 crore inflow in July
SBI Mutual Fund, the largest fund house in the mutual fund industry, had Rs 25,857 crore cash in its portfolio which was 3.77% of the total AUM. The total equity AUM of the fund house was recorded at Rs 6.60 lakh crore as on July 31, 2024. HDFC Mutual Fund was sitting on Rs 23,545 crore cash. This cash allocation was around 6.51% of the total AUM and the equity AUM was recorded at Rs 3.38 lakh crore.
PPFAS Mutual Fund had around Rs 1.23 lakh crore cash in its portfolio as on July 2024 which was 15.46% of the total AUM. The fund house had an equity AUM of Rs 67,605 crore.
Quant Mutual Fund was sitting on Rs 1.22 lakh crore cash as on July 2024 which was 14.03% of the total AUM. The equity AUM of the fund house was Rs 75,186 crore.
Nippon India Mutual Fund had around Rs 6,255 crore cash in its portfolio which was
