Mutual funds increase cash allocation by Rs 10,000 crore to over Rs 2 lakh crore in October

Mutual funds significantly increased their cash holdings by Rs 10,000 crore in October, reaching over Rs 2.09 lakh crore. This rise, representing 4.94% of total AUM, saw ICICI Prudential MF leading with the highest cash allocation. Despite this, equity AUM also saw a substantial increase, indicating continued investment activity.