Parag Parikh Flexi Cap Fund increases stake in ITC, Coal India, and 10 other stocks in June
, the largest active fund and the largest flexi cap fund based on assets managed, has increased its stake in
ITC
,
Coal India
, and 10 other stocks in the month of June.
The fund added 81.51 lakh shares of ITC to its portfolio, taking the total number of shares to 11.74 crore in June against 10.92 crore shares in May. Around 63.57 lakh shares of Coal India were added to the portfolio in the same period.
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The flexi cap fund added 1.53 crore shares of
Power Grid Corporation of India
in June, followed by 91.37 lakh shares of
Bharti Airtel
in the same period. The other stocks where it increased its stake included
Cipla
, EID Parry India,
HCL Technologies
,
HDFC Bank
,
ICICI Bank
, Kotak Mahindra Bank, Mahindra & Mahindra, and Nesco.
The exposure was reduced in only two stocks which were IPCA Laboratories and Motilal Oswal Financial Services. Around 48 lakh shares of Motilal Oswal Financial Services were sold out from the portfolio in the mentioned period and 3.29 lakh shares of IPCA Laboratories were sold out.
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Only one new stock was added to the portfolio - Zydus Wellness. Around 44 lakh shares of
Zydus Wellness
were added to the portfolio in June. The fund did not make a complete exit from any stock in the same period.
The exposure in 14 stocks remained unchanged which includes Axis Bank, Bajaj Holdings & Investment, CDSL, Dr. Reddy's Laboratories, ICRA, Indian Energy Exchange, Infosys, Maharashtra Scooters, Maruti Suzuki India, Multi Commodity Exchange of India, Narayana Hrudayalaya, Swaraj Engines, and Zydus Lifesciences.
The fund had around 29 stocks in its portfolio in June against 28 stocks in May. The fund had an AUM of Rs 1.10 lakh crore as on June 30, 2025.
Parag Parikh Flexi Cap Fund is an open-ended dynamic equity scheme investing across large cap, mid cap, small cap stocks. The investment objective of the fund is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and equity related securities. The scheme shall invest in Indian equities, foreign equities and related instruments and debt securities.
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The fund is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. The fund is benchmarked against NIFTY 500 (TRI).
According to the monthly release by the fund house, the core portfolio consists of equity investments made with a long term outlook and the factors considered while investing are quality of management, quality of the sector and the business (return on capital, entry barriers, capital intensity, use of debt, growth prospects etc) and the valuation of the companies. The fund management team endeavours to identify opportunities for long-term investments.
However, there are times when the opportunities are not attractive enough. While waiting for attractive opportunities, the fund invests in arbitrage opportunities between the cash and futures equity markets and special situations arbitrage where open offers/delisting/merger events have been announced. Investments are also made in money market/debt securities while waiting for deployment in core equity investments, the release said.
'We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macroeconomic situation but is focused on individual companies. We have about 21.85% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long-term investments at appropriate levels,' the fund house said.
(
Disclaimer
: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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