According to the Mutual funds performance report by domestic brokerage firm Sharekhan, cash levels declined by 8.9 per cent to Rs 13,045 crore in September 2009.
“At the end of the September investors pulled out money from all fund categories. Fund managers were maintaining high cash balance during August-end to meet the redemption requirements at the end of the September quarter,” Taurus Mutual Fund Managing Director RK Gupta said.