At the end of Jan-2010, Indian Mutual Funds held CASH of Rs 13,242 Cr in various schemes. So if their is a market correction, atleast Rs 5,000 cr is likely to be deployed., hoping Indian Investors who have been selling will stop :-)
The Top 5 Fund Houses who are holding to cash as a percentage of their total AUM are as follows
Reliance
ICICI Prudential
IDFC
Religare and
Canara Rabeco
