Sitting on Cash Pile
Domestic equity funds are holding unprecedented amounts of cash. With over Rs 7,300 crore parked in cash and equivalents, diversified equity funds are well capable of fuelling the markets to newer highs
Not so Focussed Anymore
As markets witness a broad-based rally, funds broaden their investment objectives. At the end of the day, it seems that diversification is the best strategy. More funds are expected to follow suit.
Invest only if you're Rich
Prudential ICICI's new load structure for equity funds reveals its investor preference. And this is a preference for investors who are willing to invest in excess of Rs 3 crore. Only these investors will avail the benefit of a one per cent load.