In January 2026, major Asset Management Companies (AMCs) maintained significant cash reserves, revealing strategic investment approaches.

In January 2026, major Asset Management Companies (AMCs) maintained significant cash reserves, revealing strategic investment approaches. HDFC Mutual Fund led with Rs 31,510 crore in cash, representing 6.87% of total assets. SBI Mutual Fund, the largest by assets, held Rs 29,690 crore, while PPFAS Mutual Fund maintained Rs 27,773 crore. ICICI Prudential and Axis Mutual Funds reported Rs 21,506 crore and Rs 14,770 crore respectively. Notably, Quant Mutual Fund had the highest cash allocation percentage at 16.75% of its AUM. Overall, mutual funds slightly reduced cash holdings from Rs 2.07 lakh crore in December to Rs 2.05 lakh crore in January, indicating a nuanced approach to market liquidity and investment strategies.