Amid volatile markets and an 11% fall in benchmark indices in March, mutual funds increased equity deployment to capitalise on the correction despite global headwinds. Cash holdings dropped 12% month-on-month to a 16-month low of Rs 1.86 lakh crore in March, down from Rs 2.09 lakh crore in February. Here are five equity mutual funds that deployed cash, according to a report by Nuvama Institutional Equities. Cash deployment

5 equity mutual funds that deployed cash during March crash. Check details

Amid volatile markets and an 11% fall in benchmark indices in March, mutual funds increased equity deployment to capitalise on the correction despite global headwinds. Cash holdings dropped 12% month-on-month to a 16-month low of Rs 1.86 lakh crore in March, down from Rs 2.09 lakh crore in February. Here are five equity mutual funds that deployed cash, according to a report by Nuvama Institutional Equities.

HDFC Flexi Cap Fund, the second-largest flexi cap fund by assets under management, deployed Rs 3,300 crore amid market volatility. It reduced cash from Rs 9,700 crore (10% of total AUM) in February to Rs 6,300 crore (7% of total AUM) in March.

SBI Focused Fund deployed Rs 3,100 crore in the market, reducing cash from Rs 7,300 crore (17% of total AUM) in February to Rs 4,200 crore (11% of total AUM) in March.

ICICI Prudential Large Cap Fund deployed Rs 3,100 crore in the market, lowering cash from Rs 8,400 crore (11% of total AUM) in February to Rs 5,400 crore (8% of total AUM) in March.

Motilal Oswal Midcap Fund deployed Rs 2,900 crore in the market, reducing cash from Rs 4,200 crore (12% of total AUM) in February to Rs 1,200 crore (4% of total AUM) in March.