SBI and PPFAS Mutual Fund among 5 fund houses with cash allocation over Rs 10,000 crore in October

Mutual funds raised their cash holdings to over Rs 2.09 lakh crore in October, with cash levels at 4.94% of total AUM. PPFAS held the highest cash proportion, followed by The Wealth Company. ICICI Prudential topped absolute cash levels, while JioBlackRock reported modest allocations as a new entrant.