On the other hand, shares of Reliance Industries were the most liquidated
Interestingly, the equity assets had dipped to less than Rs 2 lakh crore in 2013
There are many schemes with assets of less than Rs 1,000 crore that have a sound performance record
After banks, IT was the second-most preferred sector with fund mangers
The assets in control of MFs soared to a record high of Rs 17.9 lakh crore last month
Apart from equities, fund managers invested Rs 38,830 crore in the debt markets last month
Infosys was a clear favourite
Experts say raising of cash levels wasn't a sector-wide trend
Mutual Fund distributors are not allowed to provide incidental or basic investment advice pertaining to MF schemes
Equity schemes; assets under management were Rs 5.25 lakh crore by the end of October, from Rs 5.05 lakh crore at end-September
Most equity schemes have more than doubled their NAVs in 8 years, even if they entered at the pre-Lehman crisis peak
Worst performers among category funds, but beat sectoral indices
Compliance deadline with US law ends Aug 31, involving accounts with Rs 1 lakh crore in assets
Equity MFs saw spurt in investments even after Sensex plunged as much as 1,000 points
Except SBI, all other 'PSB sponsored' MFs figure low in pecking order of assets under management
However, only 10% of retail investors opt for direct plans owing mainly to financial illiteracy
Redemptions force funds to sell stocks amid market surge