# PPFAS Mutual Fund holds highest cash among MFs in July 2026-08-16T10:26:38+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Mutual funds increased their cash holdings by over Rs 7,856 crore to Rs 1.90 lakh crore in July, recovering from a 19-month low of Rs 1.83 lakh crore in June, according to ACE MF data. Cash as a percentage of total assets stood at 4.6 per cent. PPFAS Mutual Fund held the highest cash reserves of Rs 25,291 crore, or 16.32 per cent of its AUM. SBI Mutual Fund had Rs 24,415 crore (3.08 per cent), HDFC Mutual Fund Rs 23,173 crore (4.60 per cent), ICICI Prudential Mutual Fund Rs 21,159 crore (3.69 per cent), Quant Mutual Fund Rs 14,739 crore (16.16 per cent), and Axis Mutual Fund Rs 12,089 crore (5.82 per cent). Fund managers typically keep cash to meet redemption requests or deploy it when attractive opportunities arise. ## Coverage - economictimes.indiatimes.com This story was synthesised by AI from the source linked above. Tags: Axis Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, PPFAS Mutual Fund, Quant Mutual Fund, SBI Mutual Fund Canonical: https://indianopinion.org/ppfas-mutual-fund-holds-highest-cash-among-mfs-in-july/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ppfas-mutual-fund-holds-highest-cash-among-mfs-in-july/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/