# PPFAS Mutual Fund Leads in Cash Reserves 6 funds held over Rs 10,000 crore in cash in July. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-08-16 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/b860ed83-7379-492e-8178-956051638c77 ## Increase in Cash Reserves In July, Indian mutual funds increased their cash reserves by Rs 7,856 crore to Rs 1.90 lakh crore. This marks a recovery from the 19-month low of Rs 1.83 lakh crore recorded in June. Cash reserves accounted for 4.6% of total assets during this period. ## PPFAS Mutual Fund Takes the Lead PPFAS Mutual Fund held the highest cash reserves in July at Rs 25,291 crore, representing 16.32% of its total assets. The fund manages three equity-oriented funds: Parag Parikh Flexi Cap Fund, Parag Parikh ELSS Tax Saver Fund, and Parag Parikh Large Cap Fund. ## SBI Mutual Fund's Cash Position SBI Mutual Fund maintained cash reserves of Rs 24,415 crore in July, accounting for 3.08% of its total assets. The fund's equity assets stood at Rs 7.69 lakh crore. ## HDFC Mutual Fund's Strategy HDFC Mutual Fund held Rs 23,173 crore in cash reserves, representing 4.60% of its total assets. The fund's equity assets were recorded at Rs 4.81 lakh crore. ## ICICI Prudential's Cash Holdings ICICI Prudential Mutual Fund maintained cash reserves of Rs 21,159 crore in July, accounting for 3.69% of its total assets. The fund's equity assets stood at Rs 5.52 lakh crore. ## Quant Mutual Fund's High Ratio Quant Mutual Fund held Rs 14,739 crore in cash reserves, representing 16.16% of its total assets. The fund's equity assets were recorded at Rs 76,450 crore. ## Axis Mutual Fund's Position Axis Mutual Fund maintained cash reserves of Rs 12,089 crore in July, accounting for 5.82% of its total assets. The fund's equity assets stood at Rs 1.95 lakh crore. ## Strategic Importance of Cash Holdings Fund managers hold a portion of their portfolios in cash to meet redemption requests and capitalize on attractive market opportunities. This strategy provides flexibility against market volatility and maintains investor confidence. ## Sources covering this story - https://economictimes.indiatimes.com/mf/analysis/ppfas-mutual-fund-among-6-mfs-holding-over-rs-10000-crore-in-cash-in-july/slideshow/133271353.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._