 "Cash holdings of PMS schemes dip in April as markets rebound, data shows")
In April, more than a third of the 122 PMS schemes held more than 10 per cent in cash, data from PMS Bazaar shows.
Cash levels rose in March as markets tanked, prompting some of the value-oriented strategies to hold anywhere between 20-65 per cent cash that month.
Also Read
Cash levels as a percentage of overall holding dipped in April as markets rebounded. More than two-thirds of cash was reinvested as valuations became attractive after a spate of corrections in March.
Cash holdings for 13 PMS schemes, however, rose in April over the previous month. “This could be due to fresh investments by investors who wanted to deploy more cash to take advantage of the prevailing situation and fund managers playing it safe in anticipation of a further fall,” said PMS Bazaar in a note.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%