The Economic Times

Mutual fund cash levels drop 12% to Rs 1.86 lakh crore, hit 16-month low in March amid aggressive equity buying

Mutual funds significantly reduced their cash holdings in March. This move indicates fund managers actively invested in the market during a period of correction. Despite global uncertainties, this strategy aimed to leverage potential investment opportunities. Several asset management companies deployed substantial cash reserves. This shift reflects a proactive approach to market dynamics.