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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 2024 it disclosed 55 stocks worth ₹82,441 Cr, up ₹3,951 Cr from Aug 2024. Its largest positions were HDFC Bank Limited (8.1%), Power Grid Corporation of India Limited (7.3%), Bajaj Holdings & Investment Limited (6.7%); the ten largest together made up 54.8% of the portfolio, and Banks was the biggest sector at 24.2% of its equity. Cash and debt stood at 18.1%. Compared with Aug 2024 the fund entered 0 new stocks and exited 2.
Against 43 other Flexi Cap funds
Concentration
98%
Top-10 weight is higher than 98% of peers
Breadth
30%
Holds more stocks than 30% of peers
Cash
98%
Holds more cash than 98% of peers
Holdings in September 2024
Download CSVEvery line the fund disclosed, with the change against Aug 2024. Click a column to sort; click a company to see every fund that owns it.
| Cash, TREPS & receivables | 13.95% | up 1.36 pts | ₹11,499 Cr | up ₹1,620 Cr | Added |
| HDFC Bank Limited | 8.13% | up 0.16 pts | ₹6,706 Cr | up ₹445 Cr | Added |
| Power Grid Corporation of India Limited | 7.29% | up 0.55 pts | ₹6,008 Cr | up ₹718 Cr | Added |
| Bajaj Holdings & Investment Limited | 6.72% | up 0.08 pts | ₹5,538 Cr | up ₹330 Cr | Added |
| Coal India Limited | 6.04% | up 0.45 pts | ₹4,982 Cr | up ₹594 Cr | Added |
| ITC Limited | 5.55% | down 0.10 pts | ₹4,576 Cr | up ₹144 Cr | Added |
| ICICI Bank Limited | 5.11% | down 0.07 pts | ₹4,213 Cr | up ₹145 Cr | Added |
| Maruti Suzuki India Limited | 4.89% | up 0.08 pts | ₹4,028 Cr | up ₹254 Cr | Added |
| HCL Technologies Limited | 4.08% | down 0.10 pts | ₹3,360 Cr | up ₹80.2 Cr | Added |
| Axis Bank Limited | 3.53% | down 0.01 pts | ₹2,914 Cr | up ₹135 Cr | Added |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 3.44% | up 0.15 pts | ₹2,835 Cr | up ₹251 Cr | Added |
| Microsoft Corp | 3.21% | down 0.06 pts | ₹2,643 Cr | up ₹78.7 Cr | Added |
| Alphabet Inc. | 3.17% | down 0.11 pts | ₹2,612 Cr | up ₹40.6 Cr | Added |
| Kotak Mahindra Bank Limited | 2.96% | up 0.46 pts | ₹2,436 Cr | up ₹474 Cr | Added |
| Amazon Com Inc | 2.59% | down 0.01 pts | ₹2,137 Cr | up ₹91.7 Cr | Added |
| Motilal Oswal Financial Services Limited | 2.06% | down 0.16 pts | ₹1,698 Cr | down ₹43.2 Cr | Trimmed |
| Infosys Limited | 1.99% | down 0.18 pts | ₹1,638 Cr | down ₹59.5 Cr | Trimmed |
| Balkrishna Industries Limited | 1.55% | up 0.04 pts | ₹1,278 Cr | up ₹92.3 Cr | Added |
| Multi Commodity Exchange of India Limited | 1.29% | down 0.36 pts | ₹1,059 Cr | down ₹233 Cr | Trimmed |
| Indian Energy Exchange Limited | 1.10% | down 0.05 pts | ₹903 Cr | up ₹2.9 Cr | Held |
| Central Depository Services (India) Limited | 1.07% | down 0.68 pts | ₹885 Cr | down ₹493 Cr | Trimmed |
| Zydus Lifesciences Limited | 1.00% | down 0.11 pts | ₹821 Cr | down ₹45.6 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 0.97% | down 0.08 pts | ₹802 Cr | down ₹22.6 Cr | Trimmed |
| Cipla Limited | 0.84% | down 0.04 pts | ₹690 Cr | down ₹33 L | Held |
| IPCA Laboratories Limited | 0.64% | up 0.02 pts | ₹531 Cr | up ₹40.2 Cr | Added |
| Indraprastha Gas Limited | 0.63% | down 0.32 pts | ₹521 Cr | down ₹227 Cr | Trimmed |
| NMDC Limited | 0.54% | down 0.63 pts | ₹444 Cr | down ₹476 Cr | Trimmed |
| ICRA Limited | 0.37% | up 0.05 pts | ₹306 Cr | up ₹52.7 Cr | Added |
| 364 Days Tbill (MD Debt | 0.36% | down 0.02 pts | ₹294 Cr | up ₹1.8 Cr | Added |
| Bajaj Finance Limited | 0.35% | up 0.01 pts | ₹287 Cr | up ₹18.7 Cr | Added |
| Punjab National Bank Money market | 0.35% | down 0.02 pts | ₹287 Cr | up ₹1.8 Cr | Added |
| Canara Bank Money market | 0.34% | down 0.01 pts | ₹281 Cr | up ₹1.9 Cr | Added |
| ICICI Bank Limited Money market | 0.32% | down 0.01 pts | ₹261 Cr | up ₹1.7 Cr | Added |
| Union Bank of India Money market | 0.24% | down 0.01 pts | ₹195 Cr | up ₹1.2 Cr | Added |
| Bank of Baroda Money market | 0.24% | down 0.01 pts | ₹194 Cr | up ₹1.2 Cr | Added |
| EID Parry India Limited | 0.24% | down <0.01 pts | ₹194 Cr | up ₹6.4 Cr | Added |
| Indian Bank Money market | 0.23% | down 0.01 pts | ₹187 Cr | up ₹1.2 Cr | Added |
| National Bank For Agriculture and Rural Development Money market | 0.21% | down 0.01 pts | ₹171 Cr | up ₹1.1 Cr | Added |
| HDFC Bank Limited Money market | 0.20% | down 0.01 pts | ₹165 Cr | up ₹1.1 Cr | Added |
| Axis Bank Limited Money market | 0.17% | down 0.01 pts | ₹143 Cr | up ₹93 L | Added |
| Axis Bank Limited Money market | 0.17% | down 0.01 pts | ₹142 Cr | up ₹91 L | Added |
| Kotak Mahindra Bank Limited Money market | 0.15% | down 0.01 pts | ₹122 Cr | up ₹78 L | Added |
| UTI Asset Management Company Limited | 0.14% | down 0.09 pts | ₹119 Cr | down ₹64.4 Cr | Trimmed |
| National Bank For Agriculture and Rural Development Money market | 0.14% | down 0.01 pts | ₹119 Cr | up ₹75 L | Added |
| HDFC Bank Limited Money market | 0.14% | down 0.01 pts | ₹118 Cr | up ₹74 L | Added |
| Kotak Mahindra Bank Limited Money market | 0.12% | down 0.01 pts | ₹95.7 Cr | up ₹61 L | Added |
| Indian Bank Money market | 0.12% | down 0.01 pts | ₹95.4 Cr | up ₹61 L | Added |
| 364 Days Treasury Bills Debt | 0.11% | down <0.01 pts | ₹94.7 Cr | up ₹62 L | Added |
| Maharashtra Scooters Limited | 0.11% | up 0.01 pts | ₹94.1 Cr | up ₹16.1 Cr | Added |
| Kotak Mahindra Bank Limited Money market | 0.11% | down <0.01 pts | ₹93.7 Cr | up ₹62 L | Added |
What changed, Aug 2024 to Sep 2024
New New positions (0)
None.
Exited Exited (2)
- Tech Mahindra Limitedwas <0.1% · ₹32.9 Cr
- Tata Consultancy Services Limitedwas <0.1% · ₹32 L
Added Biggest additions
- Power Grid Corporation of India Limitedup ₹718 Cr (+0.55% pts)
- Coal India Limitedup ₹594 Cr (+0.45% pts)
- Kotak Mahindra Bank Limitedup ₹474 Cr (+0.46% 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 2024, the weight rose most in Banks (+1.0 pts) and Power (+0.8 pts), and fell most in Capital Markets (−1.5 pts) and Minerals & Mining (−0.8 pts).
- Banks23.2% → 24.2%+1.0 pts
- Power8.1% → 8.9%+0.8 pts
- Consumable Fuels6.7% → 7.4%+0.7 pts
- Finance8.9% → 9.2%+0.3 pts
- Internet & Technology4.0% → 4.2%+0.2 pts
- Automobiles5.9% → 6.0%+0.2 pts
- Capital Markets8.4% → 6.9%−1.5 pts
- Minerals & Mining1.4% → 0.7%−0.8 pts
- Gas1.1% → 0.8%−0.4 pts
- IT - Software15.6% → 15.2%−0.4 pts
- Pharmaceuticals & Biotechnology4.4% → 4.2%−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 | Sep 2021 | Sep 2023 | Mar 2024 | Jun 2024 | Aug 2024 | Sep 2024 |
|---|---|---|---|---|---|---|
| Banks | 9.0% | 22.4% | 22.8% | 24.4% | 23.2% | 24.2% |
| IT - Software | 29.4% | 19.1% | 17.3% | 15.8% | 15.6% | 15.2% |
| Finance | 10.2% | 10.2% | 8.6% | 8.2% | 8.9% | 9.2% |
| Power | 3.2% | 5.7% | 7.1% | 7.4% | 8.1% | 8.9% |
| Consumable Fuels | — | 5.7% | 5.7% | 5.9% | 6.7% | 7.4% |
| Capital Markets | 13.2% | 7.2% | 7.2% | 7.9% | 8.4% | 6.9% |
| Diversified FMCG | 8.9% | 7.4% | 6.0% | 6.5% | 6.8% | 6.8% |
| Automobiles | 5.2% | 5.9% | 6.7% | 5.9% | 5.9% | 6.0% |
| Pharmaceuticals & Biotechnology | 4.0% | 4.2% | 4.7% | 4.3% | 4.4% | 4.2% |
| Internet & Technology | 6.5% | 4.0% | 4.6% | 4.1% | 4.0% | 4.2% |
Allocation in Sep 2024change vs Aug 2024
- Banks (6)
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 2024
18.1%
▲ 1.2 pts vs Aug 2024
- Cash alone
- 13.6%
- cash and net receivables
- A year earlier
- 13.3%
- Sep 2023 · now ▲ 4.8 pts
- Last 12 months
- 12.3% – 18.1%
- 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 |