 "mutual fund equity market")
The cash pile within smallcap mutual fund (MF) schemes has grown over the past few months amid a relentless rally in stocks in this space. While fund managers usually don’t make cash calls, incessant inflows and valuation discomfort have forced their hand.
At the end of January, the top 10 schemes had over Rs 12,160 crore in cash, compared to Rs 8,700 crore in August 2023. These top 10 schemes together have Rs 2 trillion in assets under management (AUM). Cash accounted for 6.1 per cent of it as of the end of January, 60 basis points higher than the
