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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 October 2024 it disclosed 54 stocks worth ₹81,919 Cr, down ₹522 Cr from Sep 2024. Its largest positions were HDFC Bank Limited (8.4%), Power Grid Corporation of India Limited (7.1%), Bajaj Holdings & Investment Limited (6.7%); the ten largest together made up 54.7% of the portfolio, and Banks was the biggest sector at 25.1% of its equity. Cash and debt stood at 19.9%. Compared with Sep 2024 the fund entered 1 new stock 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
What these mean: concentration · cash
Holdings in October 2024
Download CSVEvery line the fund disclosed, with the change against Sep 2024. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 15.62% | up 1.67 pts | ₹12,796 Cr | up ₹1,297 Cr | Added |
| HDFC Bank Limited | 8.41% | up 0.27 pts | ₹6,888 Cr | up ₹182 Cr | Added |
| Power Grid Corporation of India Limited | 7.08% | down 0.21 pts | ₹5,799 Cr | down ₹209 Cr | Trimmed |
| Bajaj Holdings & Investment Limited | 6.67% | down 0.05 pts | ₹5,461 Cr | down ₹76.4 Cr | Trimmed |
| Coal India Limited | 6.49% | up 0.45 pts | ₹5,316 Cr | up ₹335 Cr | Added |
| ITC Limited | 5.64% | up 0.09 pts | ₹4,620 Cr | up ₹44.2 Cr | Added |
| ICICI Bank Limited | 5.32% | up 0.20 pts | ₹4,354 Cr | up ₹141 Cr | Added |
| Maruti Suzuki India Limited | 4.11% | down 0.77 pts | ₹3,371 Cr | down ₹658 Cr | Trimmed |
| HCL Technologies Limited | 4.03% | down 0.04 pts | ₹3,304 Cr | down ₹56.2 Cr | Trimmed |
| Axis Bank Limited | 3.52% | down 0.02 pts | ₹2,881 Cr | down ₹32.6 Cr | Trimmed |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 3.44% | up <0.01 pts | ₹2,821 Cr | down ₹14.6 Cr | Trimmed |
| Alphabet Inc. | 3.30% | up 0.13 pts | ₹2,704 Cr | up ₹92 Cr | Added |
| Microsoft Corp | 3.06% | down 0.15 pts | ₹2,504 Cr | down ₹139 Cr | Trimmed |
| Kotak Mahindra Bank Limited | 2.83% | down 0.12 pts | ₹2,321 Cr | down ₹116 Cr | Trimmed |
| Amazon Com Inc | 2.62% | up 0.03 pts | ₹2,145 Cr | up ₹8 Cr | Held |
| Motilal Oswal Financial Services Limited | 2.12% | up 0.06 pts | ₹1,739 Cr | up ₹41.4 Cr | Added |
| Infosys Limited | 1.99% | up <0.01 pts | ₹1,629 Cr | down ₹9.4 Cr | Trimmed |
| Balkrishna Industries Limited | 1.45% | down 0.10 pts | ₹1,189 Cr | down ₹89.1 Cr | Trimmed |
| Central Depository Services (India) Limited | 1.00% | down 0.08 pts | ₹816 Cr | down ₹68.6 Cr | Trimmed |
| Multi Commodity Exchange of India Limited | 0.99% | down 0.29 pts | ₹814 Cr | down ₹246 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 0.96% | down 0.01 pts | ₹788 Cr | down ₹13.8 Cr | Trimmed |
| Indian Energy Exchange Limited | 0.96% | down 0.14 pts | ₹786 Cr | down ₹117 Cr | Trimmed |
| Zydus Lifesciences Limited | 0.94% | down 0.06 pts | ₹769 Cr | down ₹51.7 Cr | Trimmed |
| Cipla Limited | 0.79% | down 0.05 pts | ₹648 Cr | down ₹42.7 Cr | Trimmed |
| IPCA Laboratories Limited | 0.69% | up 0.04 pts | ₹563 Cr | up ₹32.1 Cr | Added |
| 364 Days Tbill (MD Debt | 0.36% | up <0.01 pts | ₹296 Cr | up ₹1.6 Cr | Added |
| Punjab National Bank Money market | 0.35% | up <0.01 pts | ₹289 Cr | up ₹1.9 Cr | Added |
| Canara Bank Money market | 0.34% | up <0.01 pts | ₹282 Cr | up ₹1.9 Cr | Added |
| Indraprastha Gas Limited | 0.34% | down 0.29 pts | ₹282 Cr | down ₹239 Cr | Trimmed |
| ICRA Limited | 0.34% | down 0.03 pts | ₹278 Cr | down ₹27.8 Cr | Trimmed |
| ICICI Bank Limited Money market | 0.32% | up <0.01 pts | ₹262 Cr | up ₹1.7 Cr | Added |
| Union Bank of India Money market | 0.24% | up <0.01 pts | ₹196 Cr | up ₹1.3 Cr | Added |
| Bank of Baroda Money market | 0.24% | up <0.01 pts | ₹196 Cr | up ₹1.3 Cr | Added |
| Bajaj Finance Limited | 0.24% | down 0.11 pts | ₹195 Cr | down ₹92 Cr | Trimmed |
| Kotak Mahindra Bank Limited Money market | 0.23% | up 0.12 pts | ₹189 Cr | up ₹95 Cr | Added |
| Indian Bank Money market | 0.23% | up <0.01 pts | ₹189 Cr | up ₹1.3 Cr | Added |
| EID Parry India Limited | 0.22% | down 0.01 pts | ₹182 Cr | down ₹11.6 Cr | Trimmed |
| HDFC Bank Limited Money market | 0.20% | up <0.01 pts | ₹166 Cr | up ₹1.1 Cr | Added |
| Axis Bank Limited Money market | 0.18% | up <0.01 pts | ₹144 Cr | up ₹95 L | Added |
| National Bank for Agriculture and Rural Development Money market | 0.17% | up 0.17 pts | ₹143 Cr | up ₹143 Cr | New |
| Axis Bank Limited Money market | 0.17% | up <0.01 pts | ₹143 Cr | up ₹99 L | Added |
| National Bank For Agriculture and Rural Development Money market | 0.15% | up <0.01 pts | ₹119 Cr | up ₹83 L | Added |
| HDFC Bank Limited Money market | 0.15% | up <0.01 pts | ₹119 Cr | up ₹81 L | Added |
| Bank of Baroda Money market | 0.12% | up 0.12 pts | ₹96.4 Cr | up ₹96.4 Cr | New |
| Kotak Mahindra Bank Limited Money market | 0.12% | up <0.01 pts | ₹96.3 Cr | up ₹64 L | Added |
| Indian Bank Money market | 0.12% | up <0.01 pts | ₹96 Cr | up ₹64 L | Added |
| 364 Days Treasury Bills Debt | 0.12% | up <0.01 pts | ₹95.2 Cr | up ₹46 L | Held |
| Kotak Mahindra Bank Limited Money market | 0.12% | up 0.12 pts | ₹94.9 Cr | up ₹94.9 Cr | New |
| Axis Bank Limited Money market | 0.12% | up <0.01 pts | ₹94.3 Cr | up ₹66 L | Added |
| HDFC Bank Limited Money market | 0.12% | up <0.01 pts | ₹94.3 Cr | up ₹64 L | Added |
What changed, Sep 2024 to Oct 2024
New New positions (1)
- Punjab National Bank<0.1% · ₹9 Cr
Exited Exited (2)
- NMDC Limitedwas 0.5% · ₹444 Cr
- IDFC LTD.was <0.1% · ₹5.4 Cr
Added Biggest additions
- Coal India Limitedup ₹335 Cr (+0.45% pts)
- HDFC Bank Limitedup ₹182 Cr (+0.27% pts)
- ICICI Bank Limitedup ₹141 Cr (+0.20% 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 Sep 2024, the weight rose most in Banks (+1.0 pts) and Consumable Fuels (+0.7 pts), and fell most in Automobiles (−0.8 pts) and Minerals & Mining (−0.7 pts).
- Banks24.2% → 25.1%+1.0 pts
- Consumable Fuels7.4% → 8.1%+0.7 pts
- IT - Software15.2% → 15.5%+0.3 pts
- Diversified FMCG6.8% → 7.0%+0.3 pts
- Consumer Services3.2% → 3.3%+0.1 pts
- Internet & Technology4.2% → 4.3%+0.1 pts
- Automobiles6.0% → 5.2%−0.8 pts
- Minerals & Mining0.7% → 0.0%exited−0.7 pts
- Capital Markets6.9% → 6.4%−0.5 pts
- Gas0.8% → 0.4%−0.3 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 | Oct 2021 | Oct 2023 | Apr 2024 | Jul 2024 | Sep 2024 | Oct 2024 |
|---|---|---|---|---|---|---|
| Banks | 11.8% | 21.6% | 23.7% | 22.8% | 24.2% | 25.1% |
| IT - Software | 28.6% | 19.0% | 15.8% | 15.6% | 15.2% | 15.5% |
| Finance | 9.6% | 9.7% | 8.3% | 8.6% | 9.2% | 9.2% |
| Power | 3.8% | 5.8% | 7.5% | 8.1% | 8.9% | 8.8% |
| Consumable Fuels | — | 6.0% | 5.8% | 6.8% | 7.4% | 8.1% |
| Diversified FMCG | 7.6% | 7.0% | 5.9% | 6.8% | 6.8% | 7.0% |
| Capital Markets | 13.6% | 7.6% | 8.7% | 7.9% | 6.9% | 6.4% |
| Automobiles | 4.9% | 5.9% | 6.5% | 6.2% | 6.0% | 5.2% |
| Internet & Technology | 6.2% | 3.9% | 3.9% | 3.7% | 4.2% | 4.3% |
| Pharmaceuticals & Biotechnology | 3.4% | 4.4% | 4.5% | 4.5% | 4.2% | 4.2% |
Allocation in Oct 2024change vs Sep 2024
- Banks (7)
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. More on reading cash.
Cash & debt, Oct 2024
19.9%
▲ 1.8 pts vs Sep 2024
- Cash alone
- 15.6%
- cash and net receivables
- A year earlier
- 14.5%
- Oct 2023 · now ▲ 5.4 pts
- Last 12 months
- 12.3% – 19.9%
- 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 |