Mutual funds hold large cash buffers as markets hit record highs

Indian mutual funds collectively hold nearly ₹2 lakh crore in cash as benchmark indices continue breaking record levels. SBI Mutual Fund leads the pile with ₹31,912 crore in liquid reserves for October. Fund managers have adopted a cautious stance given elevated valuations, preferring staggered deployment while monitoring macro triggers like the RBI policy decision and global rate cues.