Key facts
- Parag Parikh Flexi Cap Fund increased its holdings in ITC and HDFC Bank during May.
- The fund added approximately 4.46 crore shares of ITC and 47.20 lakh shares of HDFC Bank.
- Exposure was also increased in Indraprastha Gas, Bajaj Holdings & Investment, Coal India, and others.
- The fund reduced its stake in Cipla by selling approximately 3.24 lakh shares.
- The portfolio consisted of 32 stocks in May, with banks being the largest sector allocation.
Parag Parikh Flexi Cap Fund, the largest active flexi-cap fund by assets under management, increased its holdings in several stocks during May. The fund notably raised its stake in ITC and HDFC Bank. It added approximately 4.46 crore shares of ITC, bringing its total holding to 28.78 crore shares, up from 24.32 crore shares in April. Additionally, the fund increased its exposure to HDFC Bank by acquiring about 47.20 lakh shares.
Among other significant additions, the fund purchased around 4.99 crore shares of Indraprastha Gas, boosting its total holding to 8.78 crore shares. The fund also increased its stake in Bajaj Holdings & Investment, CMS Info Systems, Coal India, HCL Technologies, ICICI Bank, Indian Energy Exchange, Infosys, Kotak Mahindra Bank, Mahindra & Mahindra, Power Grid Corporation, and Mahanagar Gas.
Conversely, the fund reduced its exposure to Cipla by selling approximately 3.24 lakh shares, lowering its holding to 1.40 crore shares from 1.43 crore shares in April. Holdings in 15 other stocks, including Axis Bank, Bharti Airtel, and TCS, remained unchanged.
In May, the fund maintained a portfolio of 32 stocks, consistent with the previous month. Banks constituted the largest sector allocation at 20.13%, followed by debt and money market instruments at 9.94%. The fund, launched in May 2013, aims for long-term capital appreciation through an actively managed portfolio of Indian equities, international equities, and debt instruments.