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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 2025 it disclosed 89 stocks worth ₹1.2 L Cr, up ₹4,683 Cr from Aug 2025. Its largest positions were HDFC Bank Limited (8.1%), Power Grid Corporation of India Limited (6.0%), Bajaj Holdings & Investment Limited (5.4%); the ten largest together made up 48.7% of the portfolio, and Banks was the biggest sector at 25.9% of its equity. Cash and debt stood at 21.7%. Compared with Aug 2025 the fund entered 12 new stocks and exited 3.
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
Holdings in September 2025
Download CSVEvery line the fund disclosed, with the change against Aug 2025. Click a column to sort; click a company to see every fund that owns it.
| Cash, TREPS & receivables | 9.89% | down 1.15 pts | ₹11,844 Cr | down ₹865 Cr | Trimmed |
| HDFC Bank Limited | 8.08% | up 0.15 pts | ₹9,669 Cr | up ₹550 Cr | Added |
| Power Grid Corporation of India Limited | 5.99% | up 0.10 pts | ₹7,172 Cr | up ₹400 Cr | Added |
| Bajaj Holdings & Investment Limited | 5.44% | down 0.46 pts | ₹6,514 Cr | down ₹278 Cr | Trimmed |
| Coal India Limited | 5.28% | down <0.01 pts | ₹6,319 Cr | up ₹245 Cr | Added |
| ICICI Bank Limited | 4.75% | down 0.19 pts | ₹5,691 Cr | down ₹1.3 Cr | Held |
| ITC Limited | 4.55% | down 0.06 pts | ₹5,450 Cr | up ₹147 Cr | Added |
| Kotak Mahindra Bank Limited | 4.03% | up 0.04 pts | ₹4,823 Cr | up ₹235 Cr | Added |
| Maruti Suzuki India Limited | 3.61% | up 0.08 pts | ₹4,322 Cr | up ₹260 Cr | Added |
| Mahindra & Mahindra Limited | 3.53% | up 0.10 pts | ₹4,227 Cr | up ₹281 Cr | Added |
| Alphabet Inc. | 3.41% | up 0.32 pts | ₹4,078 Cr | up ₹532 Cr | Added |
| Bharti Airtel Limited | 3.32% | down 0.15 pts | ₹3,976 Cr | down ₹22 Cr | Trimmed |
| Meta Platforms Meta Platforms Registered Shares A · history in this fund | 3.22% | down 0.13 pts | ₹3,854 Cr | up ₹1.8 Cr | Held |
| Axis Bank Limited | 3.14% | up 0.18 pts | ₹3,762 Cr | up ₹350 Cr | Added |
| Microsoft Corp | 2.82% | down 0.03 pts | ₹3,371 Cr | up ₹94.1 Cr | Added |
| Amazon Com Inc | 2.24% | down 0.17 pts | ₹2,685 Cr | down ₹94.4 Cr | Trimmed |
| HCL Technologies Limited | 2.16% | down 0.20 pts | ₹2,591 Cr | down ₹130 Cr | Trimmed |
| Cipla Limited | 1.25% | up 0.01 pts | ₹1,502 Cr | up ₹72.5 Cr | Added |
| Zydus Lifesciences Limited | 1.24% | down 0.02 pts | ₹1,487 Cr | up ₹36.8 Cr | Added |
| Dr. Reddy's Laboratories Limited | 1.24% | down 0.04 pts | ₹1,482 Cr | up ₹15.8 Cr | Added |
| Infosys Limited | 1.12% | down 0.07 pts | ₹1,342 Cr | down ₹25.9 Cr | Trimmed |
| Indian Energy Exchange Limited | 0.94% | up 0.05 pts | ₹1,124 Cr | up ₹96.3 Cr | Added |
| Zydus Wellness Limited | 0.84% | up 0.07 pts | ₹1,006 Cr | up ₹118 Cr | Added |
| Balkrishna Industries Limited | 0.80% | down 0.03 pts | ₹961 Cr | up ₹2.3 Cr | Held |
| Reliance Industries Limited | 0.71% | down 0.03 pts | ₹855 Cr | up ₹4.3 Cr | Added |
| Kotak Mahindra Bank Limited Money market | 0.55% | up 0.55 pts | ₹659 Cr | up ₹659 Cr | New |
| Multi Commodity Exchange of India Limited | 0.52% | up 0.01 pts | ₹622 Cr | up ₹32.4 Cr | Added |
| Axis Bank Limited Money market | 0.51% | up 0.31 pts | ₹616 Cr | up ₹380 Cr | Added |
| Embassy Office Parks REIT REIT / InvIT | 0.51% | up 0.05 pts | ₹605 Cr | up ₹77.6 Cr | Added |
| ICICI Bank Limited Money market | 0.50% | down 0.02 pts | ₹596 Cr | up ₹2.8 Cr | Held |
| Punjab National Bank Money market | 0.50% | down 0.02 pts | ₹594 Cr | up ₹3 Cr | Added |
| EID Parry India Limited | 0.43% | down 0.01 pts | ₹512 Cr | up ₹13.2 Cr | Added |
| Parag Parikh Liquid Fund- Direct Plan- Growth Fund units | 0.43% | down 0.02 pts | ₹512 Cr | up ₹2.6 Cr | Added |
| HDFC Bank Limited Money market | 0.39% | up 0.39 pts | ₹472 Cr | up ₹472 Cr | New |
| National Bank For Agriculture and Rural Development Money market | 0.39% | up 0.39 pts | ₹471 Cr | up ₹471 Cr | New |
| Small Industries Development Bank of India Money market | 0.38% | down 0.01 pts | ₹458 Cr | up ₹2.4 Cr | Added |
| National Bank For Agriculture and Rural Development Money market | 0.36% | down 0.01 pts | ₹430 Cr | up ₹2.2 Cr | Added |
| HDFC Bank Limited Money market | 0.32% | down 0.01 pts | ₹382 Cr | up ₹1.9 Cr | Added |
| Union Bank of India Money market | 0.32% | down 0.01 pts | ₹382 Cr | up ₹1.9 Cr | Held |
| National Bank For Agriculture and Rural Development Money market | 0.31% | down 0.10 pts | ₹368 Cr | down ₹95.9 Cr | Trimmed |
| Narayana Hrudayalaya Limited | 0.29% | down 0.01 pts | ₹347 Cr | down ₹3.2 Cr | Trimmed |
| Central Depository Services (India) Limited | 0.28% | down <0.01 pts | ₹330 Cr | up ₹7.7 Cr | Added |
| Bank of Baroda Money market | 0.26% | up 0.07 pts | ₹309 Cr | up ₹96.1 Cr | Added |
| 364 Days Tbill Debt | 0.25% | down 0.01 pts | ₹297 Cr | up ₹1.4 Cr | Held |
| Indian Bank Money market | 0.24% | down 0.01 pts | ₹292 Cr | up ₹1.4 Cr | Held |
| Axis Bank Limited Money market | 0.24% | down 0.01 pts | ₹287 Cr | up ₹1.4 Cr | Added |
| Bajaj Finance Limited Money market | 0.24% | down 0.01 pts | ₹286 Cr | up ₹1.4 Cr | Held |
| Indian Bank Money market | 0.24% | down 0.01 pts | ₹285 Cr | up ₹1.4 Cr | Held |
| Bank of Baroda Money market | 0.24% | up 0.24 pts | ₹283 Cr | up ₹283 Cr | New |
| Small Industries Dev Bank of India Money market | 0.24% | up 0.24 pts | ₹282 Cr | up ₹282 Cr | New |
What changed, Aug 2025 to Sep 2025
New New positions (12)
- Trent Limited<0.1% · ₹43.3 Cr
- Nestle India Limited<0.1% · ₹25.1 Cr
- Eternal Limited<0.1% · ₹22 Cr
- Bank of Baroda<0.1% · ₹16.9 Cr
- IDFC First Bank Limited<0.1% · ₹15.3 Cr
- Hindustan Aeronautics Limited<0.1% · ₹12.3 Cr
- Indian Oil Corporation Limited<0.1% · ₹12.2 Cr
- The Federal Bank Limited<0.1% · ₹10.1 Cr
- Shriram Transport Finance Company Limited<0.1% · ₹8.1 Cr
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 2025, the weight rose most in Banks (+0.4 pts) and Automobiles (+0.1 pts), and fell most in Finance (−0.5 pts) and Consumer Services (−0.2 pts).
- Banks25.5% → 25.9%+0.4 pts
- Automobiles9.0% → 9.2%+0.1 pts
- Realty0.8% → 0.9%+0.1 pts
- Power7.6% → 7.8%+0.1 pts
- Food Products1.5% → 1.7%+0.1 pts
- Finance8.4% → 7.9%−0.5 pts
- Consumer Services3.1% → 2.9%−0.2 pts
- Telecom - Services4.5% → 4.3%−0.2 pts
- Internet & Technology4.3% → 4.1%−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 2022 | Sep 2024 | Mar 2025 | Jun 2025 | Aug 2025 | Sep 2025 |
|---|---|---|---|---|---|---|
| Banks | 12.4% | 24.2% | 27.5% | 24.7% | 25.5% | 25.9% |
| IT - Software | 18.6% | 15.2% | 13.0% | 12.2% | 12.4% | 12.4% |
| Automobiles | 4.6% | 6.0% | 8.7% | 8.7% | 9.0% | 9.2% |
| Finance | 19.8% | 9.2% | 10.0% | 9.4% | 8.4% | 7.9% |
| Power | 5.8% | 8.9% | 7.7% | 7.6% | 7.6% | 7.8% |
| Consumable Fuels | 4.4% | 7.4% | 7.7% | 7.1% | 6.8% | 6.8% |
| Diversified FMCG | 8.7% | 6.8% | 5.7% | 5.5% | 6.0% | 5.9% |
| Pharmaceuticals & Biotechnology | 5.9% | 4.2% | 5.3% | 5.0% | 5.0% | 4.9% |
| Telecom - Services | — | <0.1% | 0.2% | 4.7% | 4.5% | 4.3% |
| Internet & Technology | 2.8% | 4.2% | 4.0% | 4.2% | 4.3% | 4.1% |
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.
Cash & debt, Sep 2025
21.7%
▲ 0.1 pts vs Aug 2025
- Cash alone
- 10.0%
- cash and net receivables
- A year earlier
- 18.1%
- Sep 2024 · now ▲ 3.7 pts
- Last 12 months
- 19.0% – 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 |