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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 2021 it disclosed 27 stocks worth ₹16,076 Cr, up ₹1,486 Cr from Aug 2021. Its largest positions were Bajaj Holdings & Investment Limited (8.6%), ITC Limited (8.4%), Alphabet Inc. (8.2%); the ten largest together made up 64.7% of the portfolio, and IT - Software was the biggest sector at 29.4% of its equity. Cash and debt stood at 5.7%. Compared with Aug 2021 the fund entered 2 new stocks and exited 6.
Against 43 other Flexi Cap funds
Concentration
100%
Top-10 weight is higher than 100% of peers
Breadth
0%
Holds more stocks than 0% of peers
Cash
77%
Holds more cash than 77% of peers
Holdings in September 2021
Download CSVEvery line the fund disclosed, with the change against Aug 2021. Click a column to sort; click a company to see every fund that owns it.
| Bajaj Holdings & Investment Limited | 8.65% | up 0.24 pts | ₹1,390 Cr | up ₹164 Cr | Added |
| ITC Limited | 8.40% | up 0.36 pts | ₹1,351 Cr | up ₹178 Cr | Added |
| Alphabet Inc. | 8.24% | down 0.26 pts | ₹1,325 Cr | up ₹85.2 Cr | Added |
| Amazon Com Inc | 6.69% | down 0.07 pts | ₹1,076 Cr | up ₹89.6 Cr | Added |
| Microsoft Corp | 6.60% | up 0.06 pts | ₹1,061 Cr | up ₹106 Cr | Added |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 6.14% | down 0.19 pts | ₹987 Cr | up ₹63.4 Cr | Added |
| Indian Energy Exchange Limited | 5.92% | up 0.82 pts | ₹952 Cr | up ₹208 Cr | Added |
| HCL Technologies Limited | 5.28% | down 0.10 pts | ₹849 Cr | up ₹64.5 Cr | Added |
| Cash, TREPS & receivables | 5.22% | up 0.65 pts | ₹839 Cr | up ₹172 Cr | Added |
| Hero MotoCorp Limited | 4.94% | down 0.05 pts | ₹793 Cr | up ₹65.8 Cr | Added |
| Central Depository Services (India) Limited | 3.85% | down 0.06 pts | ₹619 Cr | up ₹48.9 Cr | Added |
| ICICI Bank Limited | 3.43% | up 0.42 pts | ₹551 Cr | up ₹112 Cr | Added |
| Axis Bank Limited | 3.37% | up 0.32 pts | ₹541 Cr | up ₹96 Cr | Added |
| Persistent Systems Limited | 3.36% | down 1.04 pts | ₹541 Cr | down ₹102 Cr | Trimmed |
| MphasiS Limited | 3.04% | down 0.92 pts | ₹489 Cr | down ₹88.7 Cr | Trimmed |
| Power Grid Corporation of India Limited | 3.02% | up 3.02 pts | ₹485 Cr | up ₹485 Cr | New |
| Multi Commodity Exchange of India Limited | 2.57% | down 0.02 pts | ₹413 Cr | up ₹35.2 Cr | Added |
| Balkrishna Industries Limited | 1.93% | up <0.01 pts | ₹311 Cr | up ₹29.3 Cr | Added |
| HDFC Bank Limited | 1.70% | down 0.16 pts | ₹273 Cr | up ₹2.3 Cr | Added |
| Suzuki Motor Corporation | 1.23% | up 0.01 pts | ₹197 Cr | up ₹19 Cr | Added |
| Oracle Financial Services Software Limited | 1.18% | down 0.16 pts | ₹190 Cr | down ₹6 Cr | Trimmed |
| ICRA Limited | 0.93% | down 0.09 pts | ₹150 Cr | up ₹97 L | Added |
| Sun Pharmaceutical Industries Limited | 0.91% | down 0.06 pts | ₹147 Cr | up ₹4.3 Cr | Added |
| Zydus Lifesciences Limited | 0.89% | down 0.09 pts | ₹143 Cr | down ₹60 L | Held |
| IPCA Laboratories Limited | 0.71% | down 0.13 pts | ₹114 Cr | down ₹7.8 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 0.69% | down 0.04 pts | ₹110 Cr | up ₹4 Cr | Added |
| Lupin Limited | 0.54% | down 0.06 pts | ₹87.3 Cr | down ₹57 L | Trimmed |
| 3.00% Axis Bank Ltd. (Duration 365 Days) Debt | 0.24% | down 0.02 pts | ₹39.3 Cr | — | Held |
| 2.60% Axis Bank Ltd. (Duration 91 Days) Debt | 0.15% | up 0.09 pts | ₹24.6 Cr | up ₹14.7 Cr | Added |
| Motilal Oswal Financial Services Limited | 0.12% | up 0.12 pts | ₹19.4 Cr | up ₹19.4 Cr | New |
| 3.00% Axis Bank Ltd. (Duration 367 Days) Debt | 0.03% | down <0.01 pts | ₹4.9 Cr | — | Held |
| 4.90% HDFC Bank Ltd. (Duration 365 Days) Debt | 0.01% | down <0.01 pts | ₹1 Cr | — | Held |
What changed, Aug 2021 to Sep 2021
New New positions (2)
- Power Grid Corporation of India Limited3.0% · ₹485 Cr
- Motilal Oswal Financial Services Limited0.1% · ₹19.4 Cr
Exited Exited (6)
- Tata Motors Limitedwas 0.9% · ₹130 Cr
- Bharti Airtel Limitedwas 0.4% · ₹65.6 Cr
- Cipla Limitedwas 0.4% · ₹61.6 Cr
- Kotak Mahindra Bank Limitedwas 0.4% · ₹54.1 Cr
- Maruti Suzuki India Limitedwas 0.3% · ₹40.9 Cr
- Tata Steel Limited
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 2021, the weight rose most in Power (+3.2 pts) and Capital Markets (+1.0 pts), and fell most in IT - Software (−2.4 pts) and Automobiles (−1.3 pts).
- Power0.0% → 3.2%new+3.2 pts
- Capital Markets12.2% → 13.2%+1.0 pts
- Diversified FMCG8.5% → 8.9%+0.4 pts
- Banks8.7% → 9.0%+0.3 pts
- Finance9.9% → 10.2%+0.2 pts
- IT - Software31.7% → 29.4%−2.4 pts
- Automobiles6.5% → 5.2%−1.3 pts
- Pharmaceuticals & Biotechnology4.8% → 4.0%−0.8 pts
- Telecom - Services0.5% → 0.0%exited−0.5 pts
- Internet & Technology6.7% → 6.5%−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 2018 | Sep 2020 | Feb 2021 | Jun 2021 | Aug 2021 | Sep 2021 |
|---|---|---|---|---|---|---|
| IT - Software | 7.6% | 22.8% | 22.0% | 33.6% | 31.7% | 29.4% |
| Capital Markets | — | 9.4% | 14.5% | 13.2% | 12.2% | 13.2% |
| Finance | 16.2% | 5.9% | 8.9% | 9.6% | 9.9% | 10.2% |
| Banks | 17.6% | 8.9% | 9.0% | 8.6% | 8.7% | 9.0% |
| Diversified FMCG | — | 7.5% | 8.5% | 8.2% | 8.5% | 8.9% |
| Consumer Services | — | 7.9% | 5.4% | 6.3% | 7.1% | 7.1% |
| Internet & Technology | 5.4% | 5.4% | 5.0% | 6.5% | 6.7% | 6.5% |
| Automobiles | 3.8% | 5.6% | 5.3% | 5.2% | 6.5% | 5.2% |
| Pharmaceuticals & Biotechnology | 7.1% | 7.8% | 5.4% | 4.5% | 4.8% | 4.0% |
| Power | — | — | — | — | — | 3.2% |
Allocation in Sep 2021change vs Aug 2021
- IT - Software (6)29.4%▼ 2.4 pts
- Capital Markets (4)13.2%▲ 1.0 pts
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 2021
5.7%
▲ 0.6 pts vs Aug 2021
- Cash alone
- 5.2%
- cash and net receivables
- A year earlier
- 6.6%
- Sep 2020 · now ▼ 1.0 pts
- Last 12 months
- 3.6% – 6.0%
- 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 |