Funds keep cash in their portfolios to repay investors in case they liquidate their investments or any good investment opportunities arise. Here is the breakdown of how much cash different categories of PMS funds were holding in their portfolios, according to the data by Finalyca.
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The largecap-based PMS funds had around 1.84% cash holding in their portfolios as of April 2024 — the lowest percentage of cash holding among all equity-based PMS funds.
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The midcap-based PMS funds had 5.3% cash holdings in their portfolios as of April 30, 2024.
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The smallcap market-cap-based PMS funds had 21.25% cash holdings in their portfolios as on April 30, 2024. This was the highest among all equity-based PMS funds.
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The flexi-cap-based PMS funds had around 10.83% cash holdings in their portfolios as of April. This was recorded as the second-highest cash holding among all equity based PMS funds.
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The multicap-based PMS funds had around 3.76% of cash holdings in their portfolios as on April 30, 2024.