PPFAS and SBI MF among 6 mutual funds with over Rs 10,000 crore cash in August

PPFAS Mutual Fund had the highest cash holding at Rs 23,876 crore in August, accounting for 15.52% of its total AUM. The fund house has three equity-oriented schemes. Parag Parikh Flexi Cap Fund had the highest cash allocation at Rs 23,388 crore, followed by Parag Parikh ELSS Tax Saver Fund at Rs 489 crore. Parag Parikh Large Cap Fund was fully invested.

SBI Mutual Fund, the largest fund house by AUM, held Rs 21,864 crore in cash, or 2.75% of its total assets. Its equity AUM stood at Rs 7.72 lakh crore.

HDFC Mutual Fund held Rs 21,412 crore in cash, accounting for 4.18% of its total AUM. Its equity AUM stood at Rs 4.90 lakh crore.

ICICI Prudential Mutual Fund held Rs 16,845 crore in cash, or 2.91% of its total AUM. Its equity AUM stood at Rs 5.61 lakh crore.

Quant Mutual Fund held Rs 14,322 crore in cash, accounting for 15.41% of its total AUM. Its equity AUM stood at Rs 78,590 crore.

Axis Mutual Fund held Rs 10,559 crore in cash, or 4.97% of its total AUM. Its equity AUM stood at Rs 2.01 lakh crore.

Fund managers typically keep a portion of their portfolios in cash to meet redemption requests or deploy capital when attractive investment opportunities arise.