6 mutual fund houses had over Rs 10,000 crore cash in their portfolio in May

MFs reduced cash by Rs 6,240 crore in May; now at Rs 2.17 lakh crore (5.66% of AUM).

SBI MF had the highest cash pile: Rs 34,747 crore; PPFAS led in cash-to-AUM ratio at 21.62%.

HDFC, ICICI Prudential, Motilal Oswal, and Axis MF also held over Rs 10,000 crore each in cash.

SBI MF topped equity AUM at Rs 6.80 lakh crore, followed by ICICI Prudential and HDFC.