PMS schemes' cash levels fall in June as benchmark indices rebound

Fifty two, or 37%, of the 142 schemes under consideration had a cash holding of less than 5 per cent at the end of June, as against 43 in May

Ashley Coutinho | Mumbai
Last Updated at August 1, 2020 02:18 IST

The number of schemes holding cash in excess of 10 per cent reduced to 51 in June, from 56 in the previous month

Fund managers of portfolio management services (PMS) schemes decreased cash levels in June as the benchmark indices rebounded and they scouted for beaten-down names, especially in the financial sector.

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