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Cash holdings of PMS schemes dip in April as markets rebound, data shows

Cash levels rose in March as markets tanked, prompting some of the value-oriented strategies to hold anywhere between 20-65% cash that month

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More than two-thirds of cash was reinvested as valuations became attractive after a spate of corrections in March

Ashley Coutinho
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. 

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Cash levels as a percentage of overall holding dipped in April as markets rebounded. More than two-thirds

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First Published: May 27 2020 | 1:09 AM IST

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