"Right now our cash holding is at a higher level. We never force ourselves to buy stocks as and when fresh money comes in. Market has been choppy and we have been waiting for the stock prices to come to our target levels. As and when the opportunity arises, we will deploy the cash," said Rajeev Thakkar, Chief Investment Officer and Director, Parag Parikh Financial Advisory Services (PPFAS) MF, which has the highest cash holding in equity schemes (14 per cent) among the top 20 fund houses.