Date : March 24, 2008

Mutual Fund Schemes Sitting On Large Amount of Cash

If cash is considered as the king in today's market, which are the mutual fund schemes, which are sitting on huge, cash levels?

'Cash is King' right now, in the markets - there are some mutual funds schemes that are sitting on a large amount of cash. They may enjoy some kind of advantage over the schemes that are not sitting over cash. Till nearly three-four months back, Reliance Diversified Power Fund have been sitting on 20-25% cash. But recently they have increased their cash and are sitting on nearly 30% cash; their Assets Under Management, or AUMs are over Rs 6000 crore. This means that the Fund is sitting on nearly Rs 1800 crore of cash. This is according to the latest fact sheets that have been out in February. However, it is not yet know whether they have deployed the money.
(Source:- CNBC TV18)


Following are Mutual Fund schemes that are on Cash

SR.No.	Mutual Fund Schemes	AUM (RS in Cr)	Cash (Rs)	Cash (%)
1	Reliance Diversified Power Fund	6116	1821	29.78
2	Reliance Growth Fund	5612	1106	19.7
3	ICICI Pru. Infrastructure Fund	4822	685	14.2
4	Tata Infrastructure Fund	2716	351	12.92

(Source:- Moneycontrol.com)


The Mutual Fund Schemes sitting on cash means these funds can take an advantage of down side market. As they have Sufficient amount of cash with them, they can buy good stocks at the Bottom, which means they can earn huge profits when markets stabilize.


We recommend you to invest in any of the above Fund with a long-term view. This news makes it a strong investment call.



Thanks & Regards,
PMS Department