most citedDo Mutual Funds Make Active and Skilled Liquidity Choices in Portfolio Management? Evidence from India

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Do Mutual Funds Make Active and Skilled Liquidity Choices in Portfolio Management? Evidence from India

Pankaj K Agarwal, H K Pradhan, Konark Saxena

This study examines active liquidity management by Indian open-ended equity mutual funds. We find that fund managers respond to inflows by increasing cash holdings, which are later…