Fund managers hold cash in equity schemes for various reasons, including market overvaluation, difficulty finding quality stocks, and to meet daily redemption requests. While cash offers a downside buffer, high levels can lead to underperformance if markets rally, potentially causing investor outflows.
Hindalco shares rise 2% on Novelis’ upbeat commentary; US arm reports $84 million net loss
Hindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash flow hit
May 20, 2026