Loading…
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 March 2025 it disclosed 87 stocks worth ₹93,441 Cr, up ₹5,436 Cr from Feb 2025. Its largest positions were HDFC Bank Limited (8.4%), Bajaj Holdings & Investment Limited (7.1%), Coal India Limited (6.0%); the ten largest together made up 51.7% of the portfolio, and Banks was the biggest sector at 27.5% of its equity. Cash and debt stood at 22.0%. Compared with Feb 2025 the fund entered 17 new stocks and exited 0.
Against 43 other Flexi Cap funds
Concentration
98%
Top-10 weight is higher than 98% of peers
Breadth
91%
Holds more stocks than 91% of peers
Cash
98%
Holds more cash than 98% of peers
What these mean: concentration · cash
Holdings in March 2025
Download CSVEvery line the fund disclosed, with the change against Feb 2025. 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 | 11.07% | up 0.29 pts | ₹10,342 Cr | up ₹861 Cr | Added |
| HDFC Bank Limited | 8.38% | down 0.05 pts | ₹7,827 Cr | up ₹410 Cr | Added |
| Bajaj Holdings & Investment Limited | 7.10% | up 0.10 pts | ₹6,634 Cr | up ₹478 Cr | Added |
| Coal India Limited | 6.01% | up 0.03 pts | ₹5,618 Cr | up ₹349 Cr | Added |
| Power Grid Corporation of India Limited | 5.99% | up 0.47 pts | ₹5,597 Cr | up ₹743 Cr | Added |
| ICICI Bank Limited | 5.05% | up 0.26 pts | ₹4,717 Cr | up ₹505 Cr | Added |
| Kotak Mahindra Bank Limited | 4.59% | up 0.32 pts | ₹4,289 Cr | up ₹530 Cr | Added |
| ITC Limited | 4.44% | down 0.10 pts | ₹4,146 Cr | up ₹149 Cr | Added |
| Maruti Suzuki India Limited | 3.72% | down 0.38 pts | ₹3,477 Cr | down ₹128 Cr | Trimmed |
| Axis Bank Limited | 3.21% | up 0.07 pts | ₹3,004 Cr | up ₹236 Cr | Added |
| HCL Technologies Limited | 3.19% | down 0.16 pts | ₹2,979 Cr | up ₹32.6 Cr | Added |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 3.12% | down 0.81 pts | ₹2,911 Cr | down ₹544 Cr | Trimmed |
| Mahindra & Mahindra Limited | 2.97% | up 0.01 pts | ₹2,772 Cr | up ₹169 Cr | Added |
| Alphabet Inc. | 2.67% | down 0.52 pts | ₹2,491 Cr | down ₹313 Cr | Trimmed |
| Microsoft Corp | 2.52% | down 0.38 pts | ₹2,352 Cr | down ₹195 Cr | Trimmed |
| Amazon Com Inc | 2.39% | down 0.50 pts | ₹2,233 Cr | down ₹313 Cr | Trimmed |
| Infosys Limited | 1.56% | down 0.22 pts | ₹1,462 Cr | down ₹109 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 1.24% | down 0.02 pts | ₹1,159 Cr | up ₹52.8 Cr | Added |
| Cipla Limited | 1.23% | down 0.01 pts | ₹1,153 Cr | up ₹61.3 Cr | Added |
| Zydus Lifesciences Limited | 1.23% | up 0.09 pts | ₹1,153 Cr | up ₹146 Cr | Added |
| Balkrishna Industries Limited | 1.15% | down 0.10 pts | ₹1,070 Cr | down ₹25.5 Cr | Trimmed |
| Reliance Industries Limited | 0.89% | up <0.01 pts | ₹827 Cr | up ₹48.7 Cr | Added |
| Indian Energy Exchange Limited | 0.83% | up 0.05 pts | ₹777 Cr | up ₹87.7 Cr | Added |
| Motilal Oswal Financial Services Limited | 0.72% | down 0.09 pts | ₹672 Cr | down ₹37.8 Cr | Trimmed |
| ICICI Bank Limited Money market | 0.61% | down 0.03 pts | ₹575 Cr | up ₹5.1 Cr | Added |
| Punjab National Bank Money market | 0.61% | down 0.03 pts | ₹572 Cr | up ₹5 Cr | Added |
| National Bank For Agriculture and Rural Development Money market | 0.53% | up 0.13 pts | ₹496 Cr | up ₹145 Cr | Added |
| Union Bank of India Money market | 0.51% | down 0.03 pts | ₹478 Cr | up ₹4.2 Cr | Added |
| Bank of Baroda Money market | 0.50% | down 0.03 pts | ₹471 Cr | up ₹3.2 Cr | Added |
| National Bank For Agriculture and Rural Development Money market | 0.48% | up 0.16 pts | ₹449 Cr | up ₹168 Cr | Added |
| Multi Commodity Exchange of India Limited | 0.45% | up <0.01 pts | ₹424 Cr | up ₹25.5 Cr | Added |
| Axis Bank Limited Money market | 0.39% | down 0.02 pts | ₹367 Cr | up ₹2.7 Cr | Added |
| Narayana Hrudayalaya Limited | 0.36% | up 0.03 pts | ₹338 Cr | up ₹49.4 Cr | Added |
| Indian Bank Money market | 0.36% | down 0.02 pts | ₹334 Cr | up ₹2.9 Cr | Added |
| Canara Bank Money market | 0.31% | down 0.02 pts | ₹291 Cr | up ₹2.3 Cr | Added |
| IPCA Laboratories Limited | 0.31% | up 0.01 pts | ₹289 Cr | up ₹28.2 Cr | Added |
| HDFC Bank Limited Money market | 0.31% | down 0.02 pts | ₹289 Cr | up ₹2.5 Cr | Added |
| 364 Days Tbill Debt | 0.31% | down 0.02 pts | ₹288 Cr | up ₹1.7 Cr | Added |
| Kotak Mahindra Bank Limited Money market | 0.31% | down 0.02 pts | ₹286 Cr | up ₹2.5 Cr | Added |
| Canara Bank Money market | 0.31% | down 0.02 pts | ₹286 Cr | up ₹2.6 Cr | Added |
| Indian Bank Money market | 0.30% | up 0.30 pts | ₹281 Cr | up ₹281 Cr | New |
| Central Depository Services (India) Limited | 0.30% | up 0.01 pts | ₹276 Cr | up ₹25.4 Cr | Added |
| ICICI Bank Limited Money market | 0.29% | down 0.02 pts | ₹270 Cr | up ₹2 Cr | Added |
| Bajaj Finance Limited | 0.27% | down <0.01 pts | ₹253 Cr | up ₹11.7 Cr | Added |
| EID Parry India Limited | 0.24% | up 0.04 pts | ₹223 Cr | up ₹50.1 Cr | Added |
| Bank of Baroda Money market | 0.23% | down 0.01 pts | ₹218 Cr | up ₹1.8 Cr | Added |
| Tata Consultancy Services Limited | 0.22% | up 0.10 pts | ₹203 Cr | up ₹96.1 Cr | Added |
| ITC Hotels Limited | 0.21% | up 0.02 pts | ₹196 Cr | up ₹33.4 Cr | Added |
| Indian Bank Money market | 0.21% | down 0.01 pts | ₹195 Cr | up ₹1.5 Cr | Added |
| Kotak Mahindra Bank Limited Money market | 0.21% | down 0.01 pts | ₹195 Cr | up ₹1.5 Cr | Added |
What changed, Feb 2025 to Mar 2025
New New positions (17)
- Bharat Petroleum Corporation Limited<0.1% · ₹27.4 Cr
- Grasim Industries Limited<0.1% · ₹25 Cr
- Vedanta Limited<0.1% · ₹24.7 Cr
- Varun Beverages Limited<0.1% · ₹17.5 Cr
- Birlasoft Limited<0.1% · ₹16.5 Cr
- Tata Consumer Products Limited<0.1% · ₹15.4 Cr
- Indian Railway Catering And Tourism Corporation Limited<0.1% · ₹9.5 Cr
- RBL Bank Limited<0.1% · ₹9.1 Cr
- LIC Housing Finance 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 Feb 2025, the weight rose most in Banks (+1.2 pts) and Power (+0.7 pts), and fell most in IT - Software (−1.3 pts) and Internet & Technology (−1.0 pts).
- Banks26.2% → 27.5%+1.2 pts
- Power7.0% → 7.7%+0.7 pts
- Finance9.6% → 10.0%+0.4 pts
- Pharmaceuticals & Biotechnology5.0% → 5.3%+0.2 pts
- Consumable Fuels7.6% → 7.7%+0.1 pts
- Telecom - Services0.1% → 0.2%+0.1 pts
- IT - Software14.3% → 13.0%−1.3 pts
- Internet & Technology5.0% → 4.0%−1.0 pts
- Consumer Services3.7% → 3.1%−0.6 pts
- Automobiles9.0% → 8.7%−0.3 pts
- Auto Components1.6% → 1.5%−0.1 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 | Mar 2022 | Mar 2024 | Sep 2024 | Dec 2024 | Feb 2025 | Mar 2025 |
|---|---|---|---|---|---|---|
| Banks | 16.6% | 22.8% | 24.2% | 24.7% | 26.2% | 27.5% |
| IT - Software | 23.6% | 17.3% | 15.2% | 15.7% | 14.3% | 13.0% |
| Finance | 9.2% | 8.6% | 9.2% | 9.7% | 9.6% | 10.0% |
| Automobiles | 4.6% | 6.7% | 6.0% | 7.2% | 9.0% | 8.7% |
| Consumable Fuels | — | 5.7% | 7.4% | 7.2% | 7.6% | 7.7% |
| Power | 4.9% | 7.1% | 8.9% | 8.2% | 7.0% | 7.7% |
| Diversified FMCG | 9.1% | 6.0% | 6.8% | 6.8% | 5.8% | 5.7% |
| Pharmaceuticals & Biotechnology | 5.3% | 4.7% | 4.2% | 4.6% | 5.0% | 5.3% |
| Internet & Technology | 4.9% | 4.6% | 4.2% | 4.2% | 5.0% | 4.0% |
| Consumer Services | 7.8% | 3.9% | 3.2% | 3.7% | 3.7% | 3.1% |
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, Mar 2025
22.0%
▲ 1.1 pts vs Feb 2025
- Cash alone
- 11.1%
- cash and net receivables
- A year earlier
- 13.5%
- Mar 2024 · now ▲ 8.5 pts
- Last 12 months
- 14.8% – 22.0%
- 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 |