We usually do not take big cash calls. In our existing Flexicap fund, the usual cash levels are 1 to 5%. We had about 7% cash and have deployed much of it in the fall. We were however fortunate as we just collected monies in our smallcap NFO, which we substantially deployed this month.
FIIs sold about Rs 11,000 crore worth Indian stocks in 2 days of US-Iran war
Foreign investors sold nearly Rs 11,000 crore in two March sessions amid escalating West Asia tensions, surging crude prices and currency volatility. DIIs offered support,