Listing: Equity funds with the largest cash holdings

Oct 03, 2023

Here's a listing of equity funds with the most cash allocation as on August 31, 2023.

Some observations based on the data.

ICICI Prudential Bluechip has sported significant cash allocations from the start of the year – 8.43% in January 2023 to 10.25% in August. This entire year, Tata Small Cap has had a cash allocation above 10%, touching 15.99% in June 2023. Ditto with Parag Parikh Flexi Cap, which touched a high of 14.43% (April 2023).

Axis Mid Cap had a 13% exposure in March 2023, which is now 7.74%. Motilal Oswal Midcap saw a steep decline in cash from 13.66% (June 2023) to 4.91% (August 2023).

Mahindra Manulife Small Cap is a very new fund that has not even completed a year. Its cash levels kept decreasing (35.88% in December 2022) as it deployed funds in the market.


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