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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 May 2025 it disclosed 92 stocks worth ₹1.04 L Cr, up ₹5,327 Cr from Apr 2025. Its largest positions were HDFC Bank Limited (8.1%), Bajaj Holdings & Investment Limited (6.9%), Coal India Limited (6.0%); the ten largest together made up 50.2% of the portfolio, and Banks was the biggest sector at 25.7% of its equity. Cash and debt stood at 21.2%. Compared with Apr 2025 the fund entered 7 new stocks and exited 0.
Against 43 other Flexi Cap funds
Concentration
98%
Top-10 weight is higher than 98% of peers
Breadth
93%
Holds more stocks than 93% of peers
Cash
98%
Holds more cash than 98% of peers
What these mean: concentration · cash
Holdings in May 2025
Download CSVEvery line the fund disclosed, with the change against Apr 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 | 10.14% | down 2.95 pts | ₹10,536 Cr | down ₹2,366 Cr | Trimmed |
| HDFC Bank Limited | 8.11% | down 0.26 pts | ₹8,420 Cr | up ₹179 Cr | Added |
| Bajaj Holdings & Investment Limited | 6.87% | up 0.41 pts | ₹7,135 Cr | up ₹766 Cr | Added |
| Coal India Limited | 5.95% | up 0.16 pts | ₹6,185 Cr | up ₹470 Cr | Added |
| Power Grid Corporation of India Limited | 5.83% | down 0.21 pts | ₹6,052 Cr | up ₹99.2 Cr | Added |
| ICICI Bank Limited | 4.87% | down 0.20 pts | ₹5,058 Cr | up ₹65.8 Cr | Added |
| ITC Limited | 4.40% | down 0.15 pts | ₹4,568 Cr | up ₹85.6 Cr | Added |
| Kotak Mahindra Bank Limited | 3.95% | down 0.48 pts | ₹4,098 Cr | down ₹264 Cr | Trimmed |
| Maruti Suzuki India Limited | 3.58% | down 0.17 pts | ₹3,722 Cr | up ₹18.7 Cr | Added |
| Mahindra & Mahindra Limited | 3.51% | up 0.22 pts | ₹3,641 Cr | up ₹408 Cr | Added |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 3.15% | up 0.37 pts | ₹3,274 Cr | up ₹533 Cr | Added |
| Axis Bank Limited | 3.13% | down 0.15 pts | ₹3,250 Cr | up ₹19.6 Cr | Added |
| HCL Technologies Limited | 2.89% | down 0.09 pts | ₹3,002 Cr | up ₹69.5 Cr | Added |
| Microsoft Corp | 2.78% | up 0.30 pts | ₹2,887 Cr | up ₹439 Cr | Added |
| Alphabet Inc. | 2.67% | up 0.10 pts | ₹2,770 Cr | up ₹241 Cr | Added |
| Amazon Com Inc | 2.32% | up 0.15 pts | ₹2,409 Cr | up ₹269 Cr | Added |
| Bharti Airtel Limited | 2.11% | up 1.96 pts | ₹2,190 Cr | up ₹2,047 Cr | Added |
| Infosys Limited | 1.40% | down 0.02 pts | ₹1,454 Cr | up ₹58.3 Cr | Added |
| Zydus Lifesciences Limited | 1.28% | up 0.02 pts | ₹1,326 Cr | up ₹88.1 Cr | Added |
| Cipla Limited | 1.25% | down <0.01 pts | ₹1,302 Cr | up ₹62.6 Cr | Added |
| Dr. Reddy's Laboratories Limited | 1.25% | down <0.01 pts | ₹1,294 Cr | up ₹62.2 Cr | Added |
| Balkrishna Industries Limited | 1.00% | down 0.14 pts | ₹1,036 Cr | down ₹85 Cr | Trimmed |
| Reliance Industries Limited | 0.89% | down 0.04 pts | ₹922 Cr | up ₹10.3 Cr | Added |
| Indian Energy Exchange Limited | 0.85% | down <0.01 pts | ₹887 Cr | up ₹45.1 Cr | Added |
| National Bank For Agriculture and Rural Development Money market | 0.58% | up 0.12 pts | ₹600 Cr | up ₹147 Cr | Added |
| ICICI Bank Limited Money market | 0.56% | down 0.03 pts | ₹583 Cr | up ₹3.9 Cr | Added |
| Punjab National Bank Money market | 0.56% | down 0.03 pts | ₹581 Cr | up ₹3.8 Cr | Added |
| Multi Commodity Exchange of India Limited | 0.51% | up 0.01 pts | ₹527 Cr | up ₹37.8 Cr | Added |
| National Bank For Agriculture and Rural Development Money market | 0.49% | down 0.02 pts | ₹504 Cr | up ₹3.6 Cr | Added |
| Union Bank of India Money market | 0.47% | down 0.02 pts | ₹485 Cr | up ₹3.3 Cr | Added |
| Motilal Oswal Financial Services Limited | 0.42% | down 0.15 pts | ₹437 Cr | down ₹124 Cr | Trimmed |
| Small Industries Development Bank of India Money market | 0.36% | up 0.36 pts | ₹377 Cr | up ₹377 Cr | New |
| Embassy Office Parks REIT REIT / InvIT | 0.34% | up 0.34 pts | ₹352 Cr | up ₹352 Cr | New |
| Narayana Hrudayalaya Limited | 0.34% | down 0.02 pts | ₹348 Cr | down ₹3.3 Cr | Trimmed |
| Central Depository Services (India) Limited | 0.33% | up 0.03 pts | ₹346 Cr | up ₹47.5 Cr | Added |
| Indian Bank Money market | 0.33% | down 0.02 pts | ₹339 Cr | up ₹2.3 Cr | Added |
| EID Parry India Limited | 0.30% | up 0.05 pts | ₹308 Cr | up ₹63.9 Cr | Added |
| Parag Parikh Liquid Fund- Direct Plan- Growth Fund units | 0.29% | down 0.01 pts | ₹303 Cr | up ₹1.6 Cr | Added |
| Canara Bank Money market | 0.28% | down 0.01 pts | ₹295 Cr | up ₹1.9 Cr | Added |
| HDFC Bank Limited Money market | 0.28% | down 0.01 pts | ₹293 Cr | up ₹1.9 Cr | Added |
| 364 Days Tbill Debt | 0.28% | down 0.01 pts | ₹292 Cr | up ₹1.9 Cr | Added |
| Kotak Mahindra Bank Limited Money market | 0.28% | down 0.01 pts | ₹290 Cr | up ₹2 Cr | Added |
| Canara Bank Money market | 0.28% | down 0.01 pts | ₹290 Cr | up ₹1.9 Cr | Added |
| Indian Bank Money market | 0.28% | down 0.01 pts | ₹286 Cr | up ₹2.1 Cr | Added |
| ICICI Bank Limited Money market | 0.26% | down 0.01 pts | ₹274 Cr | up ₹1.5 Cr | Added |
| Bajaj Finance Limited | 0.26% | up 0.01 pts | ₹272 Cr | up ₹27.6 Cr | Added |
| Bank of Baroda Money market | 0.23% | up 0.04 pts | ₹241 Cr | up ₹49.5 Cr | Added |
| Bank of Baroda Money market | 0.23% | down 0.01 pts | ₹240 Cr | up ₹1.7 Cr | Added |
| Small Industries Dev Bank of India Money market | 0.23% | up 0.23 pts | ₹240 Cr | up ₹240 Cr | New |
| IPCA Laboratories Limited | 0.23% | down 0.04 pts | ₹234 Cr | down ₹26.4 Cr | Trimmed |
What changed, Apr 2025 to May 2025
New New positions (7)
- Divi's Laboratories Limited<0.1% · ₹25.6 Cr
- NMDC Limited<0.1% · ₹10 Cr
- Nesco Limited<0.1% · ₹8.3 Cr
- REC Limited<0.1% · ₹6 Cr
- Asian Paints Limited<0.1% · ₹4.1 Cr
- State Bank of India<0.1% · ₹3.8 Cr
- Tata Power Company Limited<0.1% · ₹3.5 Cr
Exited Exited (0)
None.
Added Biggest additions
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 Apr 2025, the weight rose most in Telecom - Services (+2.5 pts) and Realty (+0.5 pts), and fell most in Banks (−2.2 pts) and Power (−0.4 pts).
- Telecom - Services0.2% → 2.7%+2.5 pts
- Realty<0.1% → 0.5%+0.5 pts
- Internet & Technology3.7% → 4.0%+0.4 pts
- Finance9.4% → 9.7%+0.3 pts
- Consumer Services2.8% → 3.0%+0.1 pts
- Banks27.8% → 25.7%−2.2 pts
- Power7.9% → 7.5%−0.4 pts
- Diversified FMCG6.0% → 5.6%−0.4 pts
- Capital Markets2.9% → 2.7%−0.2 pts
- Auto Components1.5% → 1.3%−0.2 pts
- Automobiles9.4% → 9.2%−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 | May 2022 | May 2024 | Nov 2024 | Feb 2025 | Apr 2025 | May 2025 |
|---|---|---|---|---|---|---|
| Banks | 12.2% | 23.9% | 25.4% | 26.2% | 27.8% | 25.7% |
| IT - Software | 21.5% | 15.7% | 15.6% | 14.3% | 12.7% | 12.7% |
| Finance | 16.6% | 8.1% | 9.0% | 9.6% | 9.4% | 9.7% |
| Automobiles | 5.7% | 6.1% | 5.1% | 9.0% | 9.4% | 9.2% |
| Consumable Fuels | 0.2% | 6.3% | 8.1% | 7.6% | 7.6% | 7.6% |
| Power | 5.5% | 7.5% | 9.1% | 7.0% | 7.9% | 7.5% |
| Diversified FMCG | 9.9% | 6.4% | 7.0% | 5.8% | 6.0% | 5.6% |
| Pharmaceuticals & Biotechnology | 5.4% | 4.3% | 4.3% | 5.0% | 5.4% | 5.3% |
| Internet & Technology | 4.4% | 4.1% | 4.3% | 5.0% | 3.7% | 4.0% |
| Consumer Services | 5.6% | 3.6% | 3.6% | 3.7% | 2.8% | 3.0% |
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, May 2025
21.2%
▼ 2.3 pts vs Apr 2025
- Cash alone
- 10.1%
- cash and net receivables
- A year earlier
- 15.1%
- May 2024 · now ▲ 6.1 pts
- Last 12 months
- 15.2% – 23.5%
- 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 |