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5 mutual funds had over Rs 10,000 crore cash in their portfolio in August

Sep 13, 2025, 12:27:59 PM IST

Mutual funds reduced their overall cash allocation by Rs 8,967 crore in August to Rs 1.98 lakh crore. Cash holdings as a percentage of total assets fell below 5% in August, hitting a nine-month low of 4.99% compared to 5.17% in December 2024. Total equity AUM at Rs 39.67 lakh crore. Here is a detailed breakup (Source: ACE MF)

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SBI Mutual Fund, the largest by AUM, had the highest cash allocation at Rs 31,416 crore, or 4.36% of its total assets. The equity AUM was Rs 6.89 lakh crore.

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PPFAS Mutual Fund had a cash allocation of Rs 26,925 crore which was 22.33% of the total AUM. The equity AUM was Rs 93,639 crore.

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HDFC Mutual Fund had a cash allocation of Rs 26,494 crore which was 6.30% of the total AUM. The equity AUM was Rs 3.93 lakh crore.

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ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund had a cash allocation of Rs 25,808 crore which was 5.50% of the total AUM. The equity AUM was Rs 4.43 lakh crore.

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Axis Mutual Fund had a cash allocation of Rs 11,206 crore which was 5.67% of the total AUM. The equity AUM was Rs 1.86 lakh crore.

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Other 42 fund houses had cash ranging between Rs 0.25 crore to Rs 9,034 crore in the month of August.

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Capitalmind Mutual Fund held Rs 38.28 crore in cash, while JioBlackRock Mutual Fund had Rs 0.89 crore.

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