Mutual Fund Cash Pile Grow by Over ₹14,500 Crore in 2025, Industry Welcomes 5 New AMCs

Written by: Team Angel OneUpdated on: 30 Dec 2025, 11:01 pm IST

In 2025, mutual funds raised cash holdings by ₹14,539 crore to ₹2.01 lakh crore, with 5 new asset management companies joining the industry.

Mutual funds increased their cash holdings significantly in 2025, with total portfolio cash reaching ₹2.01 lakh crore by November, as per an analysis by ETMutualFunds. This rise coincides with the entry of 5 new asset management companies, signalling active changes in the industry.

₹14,539 Crore Rise in Cash Holdings by Mutual Funds

Between December 2024 and November 2025, cash allocation by mutual funds rose by ₹14,539 crore, from ₹1.87 lakh crore to ₹2.01 lakh crore. Out of 43 existing AMCs in December 2024, 17 increased their cash positions during this period.

PPFAS Mutual Fund led with an increase of ₹10,744 crore, raising its cash from ₹18,247 crore to ₹28,991 crore. Quant Mutual Fund followed with an increment of ₹6,071 crore, ending at ₹12,082 crore in November 2025.

Other Key Contributors to Cash Allocation Rise

HDFC Mutual Fund added ₹5,039 crore, while ICICI Prudential Mutual Fund increased holdings by ₹2,427 crore. Helios Mutual Fund raised cash by ₹146 crore, and NJ Mutual Fund, the smallest gainer, increased by ₹21 lakh to ₹13.05 crore.

AMCs Reducing Cash Allocation

Axis Mutual Fund led the list of 26 AMCs that lowered cash positions, reducing by ₹6,393 crore to ₹8,659 crore. SBI Mutual Fund decreased by ₹1,515 crore to ₹30,252 crore. Canara Robeco Mutual Fund and Sundaram Mutual Fund trimmed their holdings by ₹502 crore and ₹470 crore, respectively.

Nippon India Mutual Fund, Mirae Asset Mutual Fund, and Kotak Mutual Fund reduced holdings by ₹435 crore, ₹429 crore, and ₹422 crore, respectively.

New Entrants in 2025

In 2025, 5 new AMCs entered the mutual fund landscape: Angel One Mutual Fund, Capitalmind Mutual Fund, JioBlackRock Mutual Fund, The Wealth Company Mutual Fund, and Unifi Mutual Fund.

Among them, JioBlackRock held the highest cash at ₹62.48 crore, followed by Capitalmind with ₹22.43 crore. Angel One Mutual Fund reported the lowest, with ₹0.08 crore.

Conclusion

The mutual fund sector in 2025 saw both expansion and strategic shifts in cash allocation. While some fund houses significantly boosted their cash reserves, others trimmed their positions. The addition of new AMCs also contributed to overall market dynamics.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

Published on: Dec 30, 2025, 5:30 PM IST

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