Why Parag Parikh Flexi Cap has such high level of Debt.

Parag Parikh Flexi Cap is primarily an equity-focused fund, but I’ve noticed it has a surprisingly high level of debt exposure. Are they anticipating something major in the market? 🤔 Update: Checked using Waybackmachine, this is one of the highest-ever cash position. Happy to be proved wrong. https://preview.redd.it/whwu15ffuu7e1.png?width=2750&format=png&auto=webp&s=53ec1c927bacd5a127fa032d435ed96b7b66471c