PPFAS Mutual Fund among six AMCs with over Rs 10,000 crore cash in May portfolios

Mutual funds reduced their cash holdings by over Rs 10,000 crore to Rs 1.87 lakh crore in May, compared with Rs 1.98 lakh crore in April. Cash holdings as a percentage of total assets stood at 4.24% during the same period. (Source: ACE MF)

In May, PPFAS Mutual Fund held Rs 26,104 crore in cash, accounting for 17.67% of its total AUM — the highest cash allocation among 50 AMCs. Its equity AUM stood at Rs 1.21 lakh crore.

SBI Mutual Fund, the largest fund house by AUM, held Rs 25,913 crore in cash, or 3.43% of its total assets. Its equity AUM stood at Rs 7.28 lakh crore.

HDFC Mutual Fund’s cash allocation stood at Rs 24,488 crore, or 5.20% of total AUM. Its equity AUM was Rs 4.46 lakh crore.

ICICI Prudential Mutual Fund held Rs 18,539 crore in cash, or 3.42% of total AUM. Its equity AUM stood at Rs 5.23 lakh crore.

Axis Mutual Fund’s cash allocation was Rs 13,338 crore, or 6.79% of total AUM. Its equity AUM stood at Rs 1.82 lakh crore.

Quant Mutual Fund held Rs 12,182 crore in cash, or 13.89% of total AUM. Its equity AUM stood at Rs 75,521 crore.

Fund managers typically hold cash to meet redemption requests or to deploy capital when attractive investment opportunities arise.