Experts reveal why too much cash is bad for a scheme's health

With the stock market going through volatile times, many fund managers seem to be moving to cash. According to data from Ace Mutual Fund database, more than 20 diversified equity funds currently have a cash allocation of above 10 per cent in their portfolios. While it may seem like a safe call, experts say that it should depend on the fund’s mandate. Many fund houses have in-house rules that forbid their fund managers from going into cash above five-six per cent.  To reduce the mid-cap pain: The ongoing correction in mid- and small-cap stocks has forced many fund managers to s.....

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