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Flexi Cap · PPFAS Mutual Fund · AMFI code 122639Parag Parikh Flexi Cap Fund
Disclosed for 159 months, Jun 2013 to Sep 2026.Published as: Parag Parikh Flexi Cap Fund(An open-ended dynamic equity scheme investing across large cap, mid-cap, small-cap stocks)
Parag Parikh Flexi Cap Fund is an active equity fund in the Flexi Cap category from PPFAS Mutual Fund. In September 2020 it disclosed 27 stocks worth ₹4,798 Cr, up ₹290 Cr from Aug 2020. Its largest positions were Persistent Systems Limited (8.3%), Amazon Com Inc (7.4%), ITC Limited (7.0%); the ten largest together made up 58.5% of the portfolio, and IT - Software was the biggest sector at 22.8% of its equity. Cash and debt stood at 6.6%. Compared with Aug 2020 the fund entered 1 new stock and exited 0.
Against 43 other Flexi Cap funds
Concentration
98%
Top-10 weight is higher than 98% of peers
Breadth
0%
Holds more stocks than 0% of peers
Cash
84%
Holds more cash than 84% of peers
Holdings in September 2020
Download CSVEvery line the fund disclosed, with the change against Aug 2020. Click a column to sort; click a company to see every fund that owns it.
| Persistent Systems Limited | 8.27% | up 1.98 pts | ₹397 Cr | up ₹113 Cr | Added |
| Amazon Com Inc | 7.41% | down 1.10 pts | ₹356 Cr | down ₹28.1 Cr | Trimmed |
| ITC Limited | 7.03% | down 0.96 pts | ₹337 Cr | down ₹22.8 Cr | Trimmed |
| Alphabet Inc. Alphabet INC · history in this fund | 6.87% | down 0.21 pts | ₹330 Cr | up ₹10.3 Cr | Added |
| Cash, TREPS & receivables | 6.06% | up 0.15 pts | ₹291 Cr | up ₹24.4 Cr | Added |
| MphasiS Limited | 5.64% | up 0.85 pts | ₹271 Cr | up ₹54.7 Cr | Added |
| Hero MotoCorp Limited | 5.26% | down 0.09 pts | ₹252 Cr | up ₹11.3 Cr | Added |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 5.01% | down 0.96 pts | ₹240 Cr | down ₹28.6 Cr | Trimmed |
| Microsoft Corp | 4.68% | up 1.39 pts | ₹224 Cr | up ₹76 Cr | Added |
| Bajaj Holdings & Investment Limited | 4.47% | down 0.81 pts | ₹215 Cr | down ₹23.5 Cr | Trimmed |
| Indian Energy Exchange Limited | 3.88% | up 0.71 pts | ₹186 Cr | up ₹43.5 Cr | Added |
| Suzuki Motor Corporation | 3.70% | down 0.05 pts | ₹177 Cr | up ₹8.4 Cr | Added |
| Balkrishna Industries Limited | 3.27% | up 0.16 pts | ₹157 Cr | up ₹16.5 Cr | Added |
| HDFC Bank Limited | 2.92% | down 0.79 pts | ₹140 Cr | down ₹27.2 Cr | Trimmed |
| ICICI Bank Limited | 2.72% | down 0.50 pts | ₹130 Cr | down ₹14.6 Cr | Trimmed |
| Oracle Financial Services Software Limited | 2.67% | down 0.13 pts | ₹128 Cr | up ₹1.7 Cr | Added |
| Axis Bank Limited | 2.63% | down 0.64 pts | ₹126 Cr | down ₹21.4 Cr | Trimmed |
| Central Depository Services (India) Limited | 2.61% | up 0.27 pts | ₹125 Cr | up ₹19.7 Cr | Added |
| Zydus Wellness Limited | 2.58% | down 0.05 pts | ₹124 Cr | up ₹5.1 Cr | Added |
| Multi Commodity Exchange of India Limited | 2.17% | up 0.31 pts | ₹104 Cr | up ₹20.1 Cr | Added |
| Lupin Limited | 1.82% | up 0.04 pts | ₹87.1 Cr | up ₹6.9 Cr | Added |
| Dr. Reddy's Laboratories Limited | 1.73% | up 0.22 pts | ₹83.2 Cr | up ₹14.8 Cr | Added |
| Zydus Lifesciences Limited | 1.47% | down <0.01 pts | ₹70.7 Cr | up ₹4.3 Cr | Added |
| Sun Pharmaceutical Industries Limited | 1.23% | down 0.13 pts | ₹58.9 Cr | down ₹2.3 Cr | Trimmed |
| Mahindra Holidays & Resorts India Limited | 1.10% | down 0.13 pts | ₹53 Cr | down ₹2.4 Cr | Trimmed |
| IPCA Laboratories Limited | 1.07% | up 0.08 pts | ₹51.3 Cr | up ₹6.6 Cr | Added |
| ICRA Limited | 1.02% | down 0.06 pts | ₹48.8 Cr | up ₹23 L | Held |
| 3.15% Axis Bank Ltd. (Duration 365 Days) Debt | 0.41% | up 0.30 pts | ₹19.6 Cr | up ₹14.7 Cr | Added |
| Computer Age Management Services Limited | 0.14% | up 0.14 pts | ₹6.5 Cr | up ₹6.5 Cr | New |
| 4.75% Axis Bank Ltd. (Duration 195 Days) Debt | 0.10% | down 0.01 pts | ₹4.9 Cr | — | Held |
| 4.00% Axis Bank Ltd. (Duration 365 Days) Debt | 0.04% | up 0.04 pts | ₹2 Cr | up ₹2 Cr | New |
| 5.65% HDFC Bank Ltd. (Duration 194 Days) Debt | 0.02% | down <0.01 pts | ₹1 Cr | — | Held |
What changed, Aug 2020 to Sep 2020
New New positions (1)
- Computer Age Management Services Limited0.1% · ₹6.5 Cr
Exited Exited (0)
None.
Added Biggest additions
- Persistent Systems Limitedup ₹113 Cr (+1.98% pts)
- Microsoft Corpup ₹76 Cr (+1.39% pts)
- MphasiS Limitedup ₹54.7 Cr (+0.85% pts)
- Indian Energy Exchange Limitedup ₹43.5 Cr (+0.71% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2020, the weight rose most in IT - Software (+4.5 pts) and Capital Markets (+1.6 pts), and fell most in Banks (−2.0 pts) and Consumer Services (−1.1 pts).
- IT - Software18.3% → 22.8%+4.5 pts
- Capital Markets7.9% → 9.4%+1.6 pts
- Pharmaceuticals & Biotechnology7.6% → 7.8%+0.3 pts
- Auto Components3.3% → 3.5%+0.2 pts
- Banks10.9% → 8.9%−2.0 pts
- Consumer Services9.1% → 7.9%−1.1 pts
- Internet & Technology6.4% → 5.4%−1.0 pts
- Diversified FMCG8.5% → 7.5%−1.0 pts
- Finance6.8% → 5.9%−0.9 pts
- Interactive Media & Services7.5% → 7.4%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Sep 2017 | Sep 2019 | Mar 2020 | Jun 2020 | Aug 2020 | Sep 2020 |
|---|---|---|---|---|---|---|
| IT - Software | 8.0% | 8.6% | 10.7% | 16.7% | 18.3% | 22.8% |
| Capital Markets | — | 1.3% | 2.5% | 3.3% | 7.9% | 9.4% |
| Banks | 16.5% | 21.8% | 19.3% | 14.9% | 10.9% | 8.9% |
| Consumer Services | — | 5.1% | 9.5% | 9.4% | 9.1% | 7.9% |
| Pharmaceuticals & Biotechnology | 3.4% | 6.1% | 8.1% | 8.8% | 7.6% | 7.8% |
| Diversified FMCG | — | — | 5.1% | 5.4% | 8.5% | 7.5% |
| Interactive Media & Services | 11.7% | 10.7% | 9.6% | 8.4% | 7.5% | 7.4% |
| Finance | 14.1% | 14.6% | 7.9% | 7.9% | 6.8% | 5.9% |
| Automobiles | 1.5% | 5.4% | 5.1% | 6.1% | 5.7% | 5.6% |
| Internet & Technology | 2.7% | 5.1% | 6.5% | 6.3% | 6.4% | 5.4% |
Allocation in Sep 2020change vs Aug 2020
- IT - Software (4)22.8%▲ 4.5 pts
- Capital Markets (4)9.4%
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2020
6.6%
▲ 0.5 pts vs Aug 2020
- Cash alone
- 6.1%
- cash and net receivables
- A year earlier
- 5.8%
- Sep 2019 · now ▲ 0.8 pts
- Last 12 months
- 2.8% – 7.5%
- lowest to highest · record 40.4% in Sep 2015
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.
The last 24 months
| Month | Portfolio value | Stocks | Entered | Exited | Cash | Cash & debt | Turnover |
|---|---|---|---|---|---|---|---|
| Sep 2026 | ₹1.45 L Cr | 60 | 0 | 3 |