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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 February 2024 it disclosed 46 stocks worth ₹58,901 Cr, up ₹3,866 Cr from Jan 2024. Its largest positions were HDFC Bank Limited (7.9%), Bajaj Holdings & Investment Limited (7.2%), Power Grid Corporation of India Limited (6.1%); the ten largest together made up 55.7% of the portfolio, and Banks was the biggest sector at 22.5% of its equity. Cash and debt stood at 12.3%. Compared with Jan 2024 the fund entered 1 new stock and exited 3.
Against 43 other Flexi Cap funds
Concentration
98%
Top-10 weight is higher than 98% of peers
Breadth
16%
Holds more stocks than 16% of peers
Cash
95%
Holds more cash than 95% of peers
Holdings in February 2024
Download CSVEvery line the fund disclosed, with the change against Jan 2024. Click a column to sort; click a company to see every fund that owns it.
| Cash, TREPS & receivables | 8.97% | down 1.37 pts | ₹5,286 Cr | down ₹409 Cr | Trimmed |
| HDFC Bank Limited | 7.93% | down 0.12 pts | ₹4,671 Cr | up ₹240 Cr | Added |
| Bajaj Holdings & Investment Limited | 7.23% | up 0.24 pts | ₹4,257 Cr | up ₹412 Cr | Added |
| Power Grid Corporation of India Limited | 6.13% | up 0.48 pts | ₹3,613 Cr | up ₹501 Cr | Added |
| Maruti Suzuki India Limited | 5.29% | up 0.18 pts | ₹3,118 Cr | up ₹304 Cr | Added |
| HCL Technologies Limited | 5.28% | down 0.07 pts | ₹3,113 Cr | up ₹164 Cr | Added |
| Coal India Limited | 5.14% | up 0.02 pts | ₹3,028 Cr | up ₹212 Cr | Added |
| ICICI Bank Limited | 5.13% | up 0.06 pts | ₹3,025 Cr | up ₹231 Cr | Added |
| ITC Limited | 4.99% | down 0.05 pts | ₹2,936 Cr | up ₹168 Cr | Added |
| Axis Bank Limited | 4.32% | down 0.27 pts | ₹2,542 Cr | up ₹17.4 Cr | Added |
| Microsoft Corp | 4.27% | down 0.13 pts | ₹2,514 Cr | up ₹94 Cr | Added |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 4.08% | up 0.60 pts | ₹2,402 Cr | up ₹487 Cr | Added |
| Alphabet Inc. | 3.65% | down 0.31 pts | ₹2,149 Cr | down ₹28.7 Cr | Trimmed |
| Amazon Com Inc | 3.39% | up 0.20 pts | ₹1,996 Cr | up ₹241 Cr | Added |
| Kotak Mahindra Bank Limited | 2.23% | up 0.07 pts | ₹1,311 Cr | up ₹124 Cr | Added |
| Motilal Oswal Financial Services Limited | 2.09% | down 0.39 pts | ₹1,230 Cr | down ₹132 Cr | Trimmed |
| NMDC Limited | 1.81% | down 0.28 pts | ₹1,067 Cr | down ₹83.4 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 1.59% | up 0.05 pts | ₹938 Cr | up ₹87.2 Cr | Added |
| Balkrishna Industries Limited | 1.59% | down 0.28 pts | ₹934 Cr | down ₹94.4 Cr | Trimmed |
| Central Depository Services (India) Limited | 1.56% | up 0.01 pts | ₹920 Cr | up ₹68.2 Cr | Added |
| Infosys Limited | 1.34% | down 0.08 pts | ₹787 Cr | up ₹6.1 Cr | Added |
| Zydus Lifesciences Limited | 1.25% | up 0.17 pts | ₹735 Cr | up ₹141 Cr | Added |
| Indian Energy Exchange Limited | 1.07% | down 0.12 pts | ₹628 Cr | down ₹24.1 Cr | Trimmed |
| Cipla Limited | 1.05% | up 0.02 pts | ₹618 Cr | up ₹54 Cr | Added |
| Dr. Reddy's Laboratories Limited | 0.99% | down 0.02 pts | ₹583 Cr | up ₹27.5 Cr | Added |
| Indraprastha Gas Limited | 0.80% | up 0.28 pts | ₹470 Cr | up ₹184 Cr | Added |
| IPCA Laboratories Limited | 0.72% | down <0.01 pts | ₹423 Cr | up ₹25.9 Cr | Added |
| Oracle Financial Services Software Limited | 0.70% | up 0.06 pts | ₹410 Cr | up ₹61.5 Cr | Added |
| UTI Asset Management Company Limited | 0.51% | down 0.10 pts | ₹303 Cr | down ₹33.7 Cr | Trimmed |
| ICRA Limited | 0.42% | down <0.01 pts | ₹248 Cr | up ₹16.2 Cr | Added |
| Bajaj Finance Limited | 0.40% | down 0.05 pts | ₹235 Cr | down ₹13.3 Cr | Trimmed |
| Canara Bank Money market | 0.32% | up 0.32 pts | ₹187 Cr | up ₹187 Cr | New |
| Punjab National Bank Money market | 0.32% | down 0.02 pts | ₹187 Cr | up ₹1.2 Cr | Added |
| Union Bank of India Money market | 0.32% | up 0.32 pts | ₹187 Cr | up ₹187 Cr | New |
| ICICI Bank Limited Money market | 0.28% | up 0.20 pts | ₹166 Cr | up ₹119 Cr | Added |
| National Bank For Agriculture and Rural Development Money market | 0.28% | down 0.02 pts | ₹164 Cr | up ₹1.1 Cr | Added |
| Bank of Baroda Money market | 0.25% | up 0.25 pts | ₹147 Cr | up ₹147 Cr | New |
| EID Parry India Limited | 0.24% | up 0.13 pts | ₹142 Cr | up ₹80.9 Cr | Added |
| 364 Days Tbill (MD Debt | 0.24% | up 0.24 pts | ₹141 Cr | up ₹141 Cr | New |
| Kotak Mahindra Bank Limited Money market | 0.20% | down 0.01 pts | ₹117 Cr | up ₹75 L | Added |
| HDFC Bank Limited Money market | 0.20% | down 0.01 pts | ₹117 Cr | up ₹78 L | Added |
| Axis Bank Limited Money market | 0.20% | down 0.01 pts | ₹117 Cr | up ₹80 L | Added |
| NMDC Steel Limited | 0.14% | down 0.18 pts | ₹84.9 Cr | down ₹93.8 Cr | Trimmed |
| State Bank of India Money market | 0.13% | down 0.01 pts | ₹73.8 Cr | up ₹45 L | Added |
| Kotak Mahindra Bank Limited Money market | 0.12% | down 0.01 pts | ₹70.2 Cr | up ₹45 L | Added |
| Maharashtra Scooters Limited | 0.10% | down 0.01 pts | ₹60 Cr | down ₹40 L | Trimmed |
| 364 DAYS T-BILL 2025 Debt | 0.10% | up 0.10 pts | ₹56.5 Cr | up ₹56.5 Cr | New |
| Bank of Baroda Money market | 0.08% | down 0.01 pts | ₹49.2 Cr | up ₹30 L | Added |
| Axis Bank Limited Money market | 0.08% | down 0.01 pts | ₹47.3 Cr | up ₹32 L | Added |
| HDFC Bank Limited Money market | 0.08% | down 0.01 pts | ₹46.8 Cr | up ₹31 L | Added |
What changed, Jan 2024 to Feb 2024
New New positions (1)
- Swaraj Engines Limited<0.1% · ₹4.1 Cr
Exited Exited (3)
- Bharat Petroleum Corporation Limitedwas <0.1% · ₹99 L
- Canara Bankwas <0.1% · ₹65 L
- Indus Towers Limitedwas <0.1% · ₹53 L
Added Biggest additions
- Power Grid Corporation of India Limitedup ₹501 Cr (+0.48% pts)
- Meta Platformsup ₹487 Cr (+0.60% 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 Jan 2024, the weight rose most in Internet & Technology (+0.7 pts) and Power (+0.5 pts), and fell most in IT - Software (−0.6 pts) and Capital Markets (−0.6 pts).
- Internet & Technology4.0% → 4.7%+0.7 pts
- Power6.5% → 7.0%+0.5 pts
- Gas0.6% → 0.9%+0.3 pts
- Consumer Services3.6% → 3.9%+0.2 pts
- Finance9.1% → 9.3%+0.2 pts
- Pharmaceuticals & Biotechnology4.4% → 4.6%+0.2 pts
- IT - Software18.1% → 17.5%−0.6 pts
- Capital Markets8.4% → 7.8%−0.6 pts
- Banks22.8% → 22.5%−0.3 pts
- Auto Components2.1% → 1.8%−0.3 pts
- Minerals & Mining2.4% → 2.1%−0.3 pts
- Ferrous Metals0.4% → 0.2%−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 | Feb 2021 | Feb 2023 | Aug 2023 | Nov 2023 | Jan 2024 | Feb 2024 |
|---|---|---|---|---|---|---|
| Banks | 9.0% | 13.2% | 22.6% | 22.3% | 22.8% | 22.5% |
| IT - Software | 22.0% | 17.8% | 20.2% | 18.6% | 18.1% | 17.5% |
| Finance | 8.9% | 19.8% | 9.8% | 9.3% | 9.1% | 9.3% |
| Capital Markets | 14.5% | 7.8% | 7.0% | 8.6% | 8.4% | 7.8% |
| Power | — | 5.5% | 5.7% | 5.7% | 6.5% | 7.0% |
| Automobiles | 5.3% | 4.5% | 4.9% | 5.9% | 5.9% | 6.1% |
| Consumable Fuels | — | 5.7% | 6.0% | 5.7% | 5.8% | 5.9% |
| Diversified FMCG | 8.5% | 9.0% | 7.7% | 6.5% | 5.8% | 5.7% |
| Internet & Technology | 5.0% | 3.2% | 4.1% | 3.9% | 4.0% | 4.7% |
| Pharmaceuticals & Biotechnology | 5.4% | 5.4% | 4.5% | 4.4% | 4.4% | 4.6% |
Allocation in Feb 2024change vs Jan 2024
- Banks (6)22.5%▼ 0.3 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, Feb 2024
12.3%
▼ 0.1 pts vs Jan 2024
- Cash alone
- 8.9%
- cash and net receivables
- A year earlier
- 13.8%
- Feb 2023 · now ▼ 1.5 pts
- Last 12 months
- 12.3% – 14.8%
- 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 |