PGIM India CIO Naha is holding up to 20% cash, waiting for a 5%-7% market correction

PGIM India Asset Management CIO Aniruddha Naha is keeping 15%-20% cash across strategies as global and domestic macro pressures weigh on markets, but is waiting for a sharper correction to put that money to work.Naha said a 5%-7% correction in the Nifty would prompt the fund house to start looking…