HDFC Mid Cap and TrustMF Mid Cap among 5 midcap funds with highest cash holding
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Cash holding in August
The top 5 midcap funds had up to 7.19% cash in their respective portfolios (last available portfolio). Fund managers may hold some cash in their portfolios to meet redemption requests and take advantage of investment opportunities when market conditions are favorable. Here is a detailed breakup, as reported by ETWealth.
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Axis Midcap Fund
Axis Midcap Fund had the highest cash allocation as a percentage of its assets in the portfolio in the month of August of around 7.19%.
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HDFC Mid Cap Fund
HDFC Mid Cap Fund had a cash holding of 7.07% as a percentage of its assets in the portfolio in the month of August.
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TrustMF Mid Cap Fund
TrustMF Mid Cap Fund had a cash holding of 5.58% as a percentage of its assets in the portfolio in the month of August.
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Franklin India Mid Cap Fund
Franklin India Mid Cap Fund had a cash holding of 5.11% as a percentage of its assets in the portfolio in the month of August.
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Canara Robeco Mid Cap Fund
Canara Robeco Mid Cap Fund had a cash holding of 4.85% as a percentage of its assets in the portfolio in the month of August.