Cash holding of mutual funds rises in May amid weakness in broader market - Economic Times

Fund managers and market experts expect weakness in the broader market following a sustained selling by foreign investors amid higher commodity prices, rising interest rates across global economies, and depreciating rupee against the dollar.

The average cash holding of equity schemes (growth) of the top 20 mutual fund houses by assets under management (AUM) increased to 5.2% in May 2022 from 3.2% a year ago according to the data compiled… [+795 chars]

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