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Record-high Nifty meets cautious mutual fund stance as cash levels rise
Nifty hit a new peak, but mutual funds increased cash to ₹2.
Nifty touched a fresh record high on Thursday, yet mutual funds continue to hold over ₹2 lakh crore in cash, signalling selective deployment. As of October, cash levels stood at ₹2.09 lakh crore, rising ₹10,000 crore from September. Fund managers are prioritising valuations and waiting for clearer opportunities despite expectations of an earnings recovery.