Parag Parikh Flexi Cap Fund portfolio: holdings, changes and sectors · equitylore

Flexi Cap · PPFAS Mutual Fund · AMFI code 122639

Parag 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)

Portfolio as ofCompared with

Portfolio value

₹89,703 Cr

₹2,164 Cr vs Dec 2024

Stocks held: 63; up 1 vs Dec 2024
Top 10 weight: 53.1%; of the portfolio in its ten largest
Largest position: 8.1%; HDFC Bank Limited
Cash & debt: 19.4%; cash, money market and debt
Moves this month: 1 in · 0 out; added to 10, trimmed 34

Parag Parikh Flexi Cap Fund is an active equity fund in the Flexi Cap category from PPFAS Mutual Fund. In January 2025 it disclosed 63 stocks worth ₹89,703 Cr, up ₹2,164 Cr from Dec 2024. Its largest positions were HDFC Bank Limited (8.1%), Bajaj Holdings & Investment Limited (6.9%), Power Grid Corporation of India Limited (6.2%); the ten largest together made up 53.1% of the portfolio, and Banks was the biggest sector at 25.1% of its equity. Cash and debt stood at 19.4%. Compared with Dec 2024 the fund entered 1 new stock and exited 0.

Against 43 other Flexi Cap funds

Concentration

98%

Top-10 weight is higher than 98% of peers

Breadth

42%

Holds more stocks than 42% of peers

Cash

98%

Holds more cash than 98% of peers

Holdings in January 2025

Download CSV

Every line the fund disclosed, with the change against Dec 2024. Click a column to sort; click a company to see every fund that owns it.

Sort by

Cash, TREPS & receivables
Weight
9.48%
Δ weight
down 0.68 pts
Value
₹8,501 Cr
Δ value
down ₹389 Cr
Status
Trimmed
HDFC Bank Limited
· history in this fund
Weight
8.11%
Δ weight
up 0.07 pts
Value
₹7,273 Cr
Δ value
up ₹237 Cr
Status
Added
Bajaj Holdings & Investment Limited
· history in this fund
Weight
6.85%
Δ weight
down 0.37 pts
Value
₹6,149 Cr
Δ value
down ₹174 Cr
Status
Trimmed
Power Grid Corporation of India Limited
· history in this fund
Weight
6.24%
Δ weight
down 0.30 pts
Value
₹5,598 Cr
Δ value
down ₹131 Cr
Status
Trimmed
Coal India Limited
· history in this fund
Weight
6.15%
Δ weight
up 0.39 pts
Value
₹5,516 Cr
Δ value
up ₹476 Cr
Status
Added
ITC Limited
· history in this fund
Weight
4.94%
Δ weight
down 0.53 pts
Value
₹4,430 Cr
Δ value
down ₹358 Cr
Status
Trimmed
ICICI Bank Limited
· history in this fund
Weight
4.89%
Δ weight
down 0.05 pts
Value
₹4,383 Cr
Δ value
up ₹64.9 Cr
Status
Added
Kotak Mahindra Bank Limited
· history in this fund
Weight
4.19%
Δ weight
up 0.78 pts
Value
₹3,756 Cr
Δ value
up ₹770 Cr
Status
Added
Maruti Suzuki India Limited
· history in this fund
Weight
4.14%
Δ weight
up 0.37 pts
Value
₹3,715 Cr
Δ value
up ₹411 Cr
Status
Added
Meta Platforms
Meta Platforms Registered Shares A · history in this fund
Weight
3.93%
Δ weight
up 0.55 pts
Value
₹3,528 Cr
Δ value
up ₹565 Cr
Status
Added
Alphabet Inc.
· history in this fund
Weight
3.71%
Δ weight
up 0.22 pts
Value
₹3,325 Cr
Δ value
up ₹277 Cr
Status
Added
HCL Technologies Limited
· history in this fund
Weight
3.60%
Δ weight
down 0.50 pts
Value
₹3,228 Cr
Δ value
down ₹359 Cr
Status
Trimmed
Amazon Com Inc
· history in this fund
Weight
3.15%
Δ weight
up 0.21 pts
Value
₹2,822 Cr
Δ value
up ₹248 Cr
Status
Added
Mahindra & Mahindra Limited
· history in this fund
Weight
3.11%
Δ weight
up 1.12 pts
Value
₹2,790 Cr
Δ value
up ₹1,047 Cr
Status
Added
Axis Bank Limited
· history in this fund
Weight
3.00%
Δ weight
down 0.32 pts
Value
₹2,688 Cr
Δ value
down ₹214 Cr
Status
Trimmed
Microsoft Corp
· history in this fund
Weight
2.94%
Δ weight
down 0.08 pts
Value
₹2,635 Cr
Δ value
down ₹10 Cr
Status
Held
Infosys Limited
· history in this fund
Weight
1.95%
Δ weight
down 0.05 pts
Value
₹1,749 Cr
Δ value
down ₹19 L
Status
Held
Balkrishna Industries Limited
· history in this fund
Weight
1.29%
Δ weight
down 0.10 pts
Value
₹1,161 Cr
Δ value
down ₹58.2 Cr
Status
Trimmed
Cipla Limited
· history in this fund
Weight
1.03%
Δ weight
up 0.10 pts
Value
₹921 Cr
Δ value
up ₹112 Cr
Status
Added
Dr. Reddy's Laboratories Limited
· history in this fund
Weight
1.00%
Δ weight
down 0.06 pts
Value
₹899 Cr
Δ value
down ₹32.7 Cr
Status
Trimmed
Zydus Lifesciences Limited
· history in this fund
Weight
0.96%
Δ weight
down 0.03 pts
Value
₹860 Cr
Δ value
down ₹1.3 Cr
Status
Held
Indian Energy Exchange Limited
· history in this fund
Weight
0.86%
Δ weight
down 0.06 pts
Value
₹772 Cr
Δ value
down ₹31.7 Cr
Status
Trimmed
Reliance Industries Limited
· history in this fund
Weight
0.86%
Δ weight
up 0.01 pts
Value
₹770 Cr
Δ value
up ₹30.2 Cr
Status
Added
Motilal Oswal Financial Services Limited
· history in this fund
Weight
0.86%
Δ weight
down 0.60 pts
Value
₹768 Cr
Δ value
down ₹507 Cr
Status
Trimmed
Bank of Baroda
Money market
Weight
0.65%
Δ weight
down 0.01 pts
Value
₹587 Cr
Δ value
up ₹3.5 Cr
Status
Added
ICICI Bank Limited
Money market
Weight
0.63%
Δ weight
up 0.10 pts
Value
₹566 Cr
Δ value
up ₹97 Cr
Status
Added
Multi Commodity Exchange of India Limited
· history in this fund
Weight
0.56%
Δ weight
down 0.11 pts
Value
₹506 Cr
Δ value
down ₹87.4 Cr
Status
Trimmed
Union Bank of India
Money market
Weight
0.52%
Δ weight
down 0.01 pts
Value
₹471 Cr
Δ value
up ₹2.7 Cr
Status
Added
State Bank of India
Money market
Weight
0.45%
Δ weight
down 0.01 pts
Value
₹399 Cr
Δ value
up ₹2.4 Cr
Status
Added
Punjab National Bank
Money market
Weight
0.42%
Δ weight
down 0.01 pts
Value
₹376 Cr
Δ value
up ₹2.2 Cr
Status
Added
Axis Bank Limited
Money market
Weight
0.40%
Δ weight
down 0.01 pts
Value
₹362 Cr
Δ value
up ₹2.1 Cr
Status
Added
National Bank For Agriculture and Rural Development
Money market
Weight
0.39%
Δ weight
up 0.39 pts
Value
₹349 Cr
Δ value
up ₹349 Cr
Status
New
Indian Bank
Money market
Weight
0.37%
Δ weight
down 0.01 pts
Value
₹329 Cr
Δ value
up ₹1.8 Cr
Status
Added
IPCA Laboratories Limited
· history in this fund
Weight
0.36%
Δ weight
down 0.32 pts
Value
₹324 Cr
Δ value
down ₹276 Cr
Status
Trimmed
Central Depository Services (India) Limited
· history in this fund
Weight
0.33%
Δ weight
down 0.12 pts
Value
₹297 Cr
Δ value
down ₹102 Cr
Status
Trimmed
Punjab National Bank
Money market
Weight
0.33%
Δ weight
down 0.01 pts
Value
₹294 Cr
Δ value
up ₹1.8 Cr
Status
Added
Canara Bank
Money market
Weight
0.32%
Δ weight
down 0.01 pts
Value
₹287 Cr
Δ value
up ₹1.6 Cr
Status
Added
HDFC Bank Limited
Money market
Weight
0.32%
Δ weight
down 0.01 pts
Value
₹285 Cr
Δ value
up ₹1.7 Cr
Status
Added
364 Days Tbill
Debt
Weight
0.32%
Δ weight
down 0.01 pts
Value
₹284 Cr
Δ value
up ₹1.7 Cr
Status
Added
Kotak Mahindra Bank Limited
Money market
Weight
0.31%
Δ weight
down 0.01 pts
Value
₹282 Cr
Δ value
up ₹1.6 Cr
Status
Added
Canara Bank
Money market
Weight
0.31%
Δ weight
down 0.01 pts
Value
₹282 Cr
Δ value
up ₹1.6 Cr
Status
Added
National Bank For Agriculture and Rural Development
Money market
Weight
0.31%
Δ weight
up 0.31 pts
Value
₹279 Cr
Δ value
up ₹279 Cr
Status
New
Narayana Hrudayalaya Limited
· history in this fund
Weight
0.31%
Δ weight
up 0.12 pts
Value
₹277 Cr
Δ value
up ₹114 Cr
Status
Added
ICICI Bank Limited
Money market
Weight
0.30%
Δ weight
down 0.01 pts
Value
₹267 Cr
Δ value
up ₹1.5 Cr
Status
Added
Bajaj Finance Limited
· history in this fund
Weight
0.25%
Δ weight
up 0.03 pts
Value
₹223 Cr
Δ value
up ₹30 Cr
Status
Added
National Bank for Agriculture and Rural Development
Money market
Weight
0.22%
Δ weight
down <0.01 pts
Value
₹194 Cr
Δ value
up ₹1.1 Cr
Status
Added
Indian Bank
Money market
Weight
0.21%
Δ weight
down <0.01 pts
Value
₹192 Cr
Δ value
up ₹1.1 Cr
Status
Added
Kotak Mahindra Bank Limited
Money market
Weight
0.21%
Δ weight
down <0.01 pts
Value
₹192 Cr
Δ value
up ₹1 Cr
Status
Added
Kotak Mahindra Bank Limited
Money market
Weight
0.21%
Δ weight
down <0.01 pts
Value
₹188 Cr
Δ value
up ₹1.1 Cr
Status
Added
HDFC Bank Limited
Money market
Weight
0.21%
Δ weight
down <0.01 pts
Value
₹188 Cr
Δ value
up ₹1.1 Cr
Status
Added
ICRA Limited
· history in this fund
Weight
0.21%
Δ weight
down 0.02 pts
Value
₹185 Cr
Δ value
down ₹11.1 Cr
Status
Trimmed
EID Parry India Limited
· history in this fund
Weight
0.21%
Δ weight
down 0.02 pts
Value
₹185 Cr
Δ value
down ₹16.7 Cr
Status
Trimmed
HDFC Bank Limited
Money market
Weight
0.19%
Δ weight
down <0.01 pts
Value
₹169 Cr
Δ value
up ₹97 L
Status
Added
ITC Hotels Limited
· history in this fund
Weight
0.18%
Δ weight
up 0.18 pts
Value
₹161 Cr
Δ value
up ₹161 Cr
Status
New
Axis Bank Limited
Money market
Weight
0.16%
Δ weight
down <0.01 pts
Value
₹146 Cr
Δ value
up ₹85 L
Status
Added
Axis Bank Limited
Money market
Weight
0.16%
Δ weight
down <0.01 pts
Value
₹142 Cr
Δ value
up ₹81 L
Status
Added
National Bank For Agriculture and Rural Development
Money market
Weight
0.14%
Δ weight
down <0.01 pts
Value
₹121 Cr
Δ value
up ₹70 L
Status
Added
Axis Bank Limited
Money market
Weight
0.13%
Δ weight
down <0.01 pts
Value
₹119 Cr
Δ value
up ₹68 L
Status
Added
HDFC Bank Limited
Money market
Weight
0.13%
Δ weight
up 0.13 pts
Value
₹117 Cr
Δ value
up ₹117 Cr
Status
New
364 Days Tbill (MD
Debt
Weight
0.12%
Δ weight
down <0.01 pts
Value
₹104 Cr
Δ value
up ₹61 L
Status
Added
Bank of Baroda
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹98.1 Cr
Δ value
up ₹58 L
Status
Added
Kotak Mahindra Bank Limited
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹98 Cr
Δ value
up ₹58 L
Status
Added
Indian Bank
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹97.7 Cr
Δ value
up ₹57 L
Status
Added
364 Days Treasury Bills
Debt
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹96.7 Cr
Δ value
up ₹56 L
Status
Added
Kotak Mahindra Bank Limited
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹96.5 Cr
Δ value
up ₹54 L
Status
Added
HDFC Bank Limited
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹95.9 Cr
Δ value
up ₹53 L
Status
Added
Axis Bank Limited
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹95.9 Cr
Δ value
up ₹53 L
Status
Added
HDFC Bank Limited
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹94.6 Cr
Δ value
up ₹56 L
Status
Added
Axis Bank Limited
Money market
Weight
0.11%
Δ weight
down <0.01 pts
Value
₹94.4 Cr
Δ value
up ₹53 L
Status
Added
Kotak Mahindra Bank Limited
Money market
Weight
0.10%
Δ weight
down <0.01 pts
Value
₹94.2 Cr
Δ value
up ₹54 L
Status
Added
Canara Bank
Money market
Weight
0.10%
Δ weight
down <0.01 pts
Value
₹94 Cr
Δ value
up ₹54 L
Status
Added
Union Bank of India
Money market
Weight
0.10%
Δ weight
down <0.01 pts
Value
₹94 Cr
Δ value
up ₹54 L
Status
Added
Union Bank of India
Money market
Weight
0.10%
Δ weight
down <0.01 pts
Value
₹94 Cr
Δ value
up ₹54 L
Status
Added
Maharashtra Scooters Limited
· history in this fund
Weight
0.08%
Δ weight
down <0.01 pts
Value
₹74.6 Cr
Δ value
down ₹2.5 Cr
Status
Trimmed
364 Days Tbill (MD
Debt
Weight
0.05%
Δ weight
down <0.01 pts
Value
₹47.4 Cr
Δ value
up ₹28 L
Status
Added
Indian Bank
Money market
Weight
0.05%
Δ weight
down <0.01 pts
Value
₹47.3 Cr
Δ value
up ₹27 L
Status
Added
Bharat Electronics Limited
· history in this fund
Weight
0.04%
Δ weight
down <0.01 pts
Value
₹39 Cr
Δ value
down ₹7 L
Status
Held
Punjab National Bank
· history in this fund
Weight
0.04%
Δ weight
down <0.01 pts
Value
₹34.6 Cr
Δ value
down ₹54 L
Status
Trimmed
Bharti Airtel Limited
· history in this fund
Weight
0.04%
Δ weight
down <0.01 pts
Value
₹32.4 Cr
Δ value
up ₹77 L
Status
Added
IndusInd Bank Limited
· history in this fund
Weight
0.03%
Δ weight
up <0.01 pts
Value
₹26.7 Cr
Δ value
up ₹84 L
Status
Added
ICICI Bank Limited
Money market
Weight
0.03%
Δ weight
down <0.01 pts
Value
₹24.1 Cr
Δ value
up ₹14 L
Status
Added
Tata Motors Limited
· history in this fund
Weight
0.02%
Δ weight
down <0.01 pts
Value
₹20.8 Cr
Δ value
down ₹70 L
Status
Trimmed
Hindalco Industries Limited
· history in this fund
Weight
0.02%
Δ weight
down <0.01 pts
Value
₹20.3 Cr
Δ value
down ₹28 L
Status
Trimmed
Swaraj Engines Limited
· history in this fund
Weight
0.02%
Δ weight
up <0.01 pts
Value
₹16.1 Cr
Δ value
up ₹2.2 Cr
Status
Added
NTPC Limited
· history in this fund
Weight
0.01%
Δ weight
down <0.01 pts
Value
₹12.4 Cr
Δ value
down ₹36 L
Status
Trimmed
GMR Airports Limited
· history in this fund
Weight
0.01%
Δ weight
down <0.01 pts
Value
₹12.1 Cr
Δ value
down ₹98 L
Status
Trimmed
Biocon Limited
· history in this fund
Weight
0.01%
Δ weight
down <0.01 pts
Value
₹11.3 Cr
Δ value
down ₹9 L
Status
Trimmed
Larsen & Toubro Limited
· history in this fund
Weight
0.01%
Δ weight
down <0.01 pts
Value
₹11.1 Cr
Δ value
down ₹13 L
Status
Trimmed
Bajaj Finserv Limited
· history in this fund
Weight
0.01%
Δ weight
up <0.01 pts
Value
₹10.6 Cr
Δ value
up ₹1 Cr
Status
Added
DLF Limited
· history in this fund
Weight
0.01%
Δ weight
down <0.01 pts
Value
₹10.3 Cr
Δ value
down ₹1.1 Cr
Status
Trimmed
Bandhan Bank Limited
· history in this fund
Weight
0.01%
Δ weight
down <0.01 pts
Value
₹10.3 Cr
Δ value
down ₹52 L
Status
Trimmed
Manappuram Finance Limited
· history in this fund
Weight
0.01%
Δ weight
up <0.01 pts
Value
₹6.1 Cr
Δ value
up ₹24 L
Status
Added
Titan Company Limited
· history in this fund
Weight
0.01%
Δ weight
up <0.01 pts
Value
₹6 Cr
Δ value
up ₹41 L
Status
Added
Bharat Heavy Electricals Limited
· history in this fund
Weight
0.01%
Δ weight
down <0.01 pts
Value
₹4.8 Cr
Δ value
down ₹49 L
Status
Trimmed
Hindustan Copper Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹3 Cr
Δ value
down ₹11 L
Status
Trimmed
PI Industries Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹1.8 Cr
Δ value
down ₹11 L
Status
Trimmed
Steel Authority of India Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹1.7 Cr
Δ value
down ₹9 L
Status
Trimmed
Tata Steel Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹1.3 Cr
Δ value
down ₹3 L
Status
Trimmed
HDFC Life Insurance Company Limited
· history in this fund
Weight
<0.01%
Δ weight
up <0.01 pts
Value
₹1.3 Cr
Δ value
up ₹4 L
Status
Added
Indus Towers Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹1 Cr
Δ value
up ₹2 L
Status
Added
Oil & Natural Gas Corporation Limited
· history in this fund
Weight
<0.01%
Δ weight
up <0.01 pts
Value
₹76 L
Δ value
up ₹7 L
Status
Added
Jindal Steel & Power Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹69 L
Δ value
down ₹12 L
Status
Trimmed
Hindustan Unilever Limited
· history in this fund
Weight
<0.01%
Δ weight
up <0.01 pts
Value
₹67 L
Δ value
up ₹4 L
Status
Added
JSW Steel Limited
· history in this fund
Weight
<0.01%
Δ weight
up <0.01 pts
Value
₹26 L
Δ value
up ₹1 L
Status
Added
United Spirits Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹20 L
Δ value
down ₹3 L
Status
Trimmed
InterGlobe Aviation Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹19 L
Δ value
down ₹1 L
Status
Trimmed
Tata Communications Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹12 L
Δ value
down ₹1 L
Status
Trimmed
Havells India Limited
· history in this fund
Weight
<0.01%
Δ weight
down <0.01 pts
Value
₹8 L
Δ value
down ₹1 L
Status
Trimmed

Holdings with weight, value and change against the previous month

Cash, TREPS & receivables	—	9.48%	down 0.68 pts	₹8,501 Cr	down ₹389 Cr	—	Trimmed
HDFC Bank Limited · history in this fund	Banks	8.11%	up 0.07 pts	₹7,273 Cr	up ₹237 Cr	4,28,13,069	Added
Bajaj Holdings & Investment Limited · history in this fund	Finance	6.85%	down 0.37 pts	₹6,149 Cr	down ₹174 Cr	53,18,918	Trimmed
Power Grid Corporation of India Limited · history in this fund	Power	6.24%	down 0.30 pts	₹5,598 Cr	down ₹131 Cr	18,55,77,147	Trimmed
Coal India Limited · history in this fund	Consumable Fuels	6.15%	up 0.39 pts	₹5,516 Cr	up ₹476 Cr	13,93,35,199	Added
ITC Limited · history in this fund	Diversified FMCG	4.94%	down 0.53 pts	₹4,430 Cr	down ₹358 Cr	9,89,94,120	Trimmed
ICICI Bank Limited · history in this fund	Banks	4.89%	down 0.05 pts	₹4,383 Cr	up ₹64.9 Cr	3,49,86,740	Added
Kotak Mahindra Bank Limited · history in this fund	Banks	4.19%	up 0.78 pts	₹3,756 Cr	up ₹770 Cr	1,97,53,232	Added
Maruti Suzuki India Limited · history in this fund	Automobiles	4.14%	up 0.37 pts	₹3,715 Cr	up ₹411 Cr	30,18,078	Added
Meta Platforms Meta Platforms Registered Shares A · history in this fund	Internet & Technology	3.93%	up 0.55 pts	₹3,528 Cr	up ₹565 Cr	5,91,056	Added
Alphabet Inc. · history in this fund	IT - Software	3.71%	up 0.22 pts	₹3,325 Cr	up ₹277 Cr	18,81,947	Added
HCL Technologies Limited · history in this fund	IT - Software	3.60%	down 0.50 pts	₹3,228 Cr	down ₹359 Cr	1,87,06,973	Trimmed
Amazon Com Inc · history in this fund	Consumer Services	3.15%	up 0.21 pts	₹2,822 Cr	up ₹248 Cr	13,70,778	Added
Mahindra & Mahindra Limited · history in this fund	Automobiles	3.11%	up 1.12 pts	₹2,790 Cr	up ₹1,047 Cr	93,31,737	Added
Axis Bank Limited · history in this fund	Banks	3.00%	down 0.32 pts	₹2,688 Cr	down ₹214 Cr	2,72,57,270	Trimmed
Microsoft Corp · history in this fund	IT - Software	2.94%	down 0.08 pts	₹2,635 Cr	down ₹10 Cr	7,33,019	Held
Infosys Limited · history in this fund	IT - Software	1.95%	down 0.05 pts	₹1,749 Cr	down ₹19 L	93,06,473	Held
Balkrishna Industries Limited · history in this fund	Auto Components	1.29%	down 0.10 pts	₹1,161 Cr	down ₹58.2 Cr	41,89,074	Trimmed
Cipla Limited · history in this fund	Pharmaceuticals & Biotechnology	1.03%	up 0.10 pts	₹921 Cr	up ₹112 Cr	62,23,549	Added
Dr. Reddy's Laboratories Limited · history in this fund	Pharmaceuticals & Biotechnology	1.00%	down 0.06 pts	₹899 Cr	down ₹32.7 Cr	73,88,241	Trimmed
Zydus Lifesciences Limited · history in this fund	Pharmaceuticals & Biotechnology	0.96%	down 0.03 pts	₹860 Cr	down ₹1.3 Cr	88,59,127	Held
Indian Energy Exchange Limited · history in this fund	Capital Markets	0.86%	down 0.06 pts	₹772 Cr	down ₹31.7 Cr	4,42,06,584	Trimmed
Reliance Industries Limited · history in this fund	Petroleum Products	0.86%	up 0.01 pts	₹770 Cr	up ₹30.2 Cr	60,86,000	Added
Motilal Oswal Financial Services Limited · history in this fund	Capital Markets	0.86%	down 0.60 pts	₹768 Cr	down ₹507 Cr	1,20,53,879	Trimmed
Bank of Baroda Money market		0.65%	down 0.01 pts	₹587 Cr	up ₹3.5 Cr	12,000	Added
ICICI Bank Limited Money market		0.63%	up 0.10 pts	₹566 Cr	up ₹97 Cr	12,000	Added
Multi Commodity Exchange of India Limited · history in this fund	Capital Markets	0.56%	down 0.11 pts	₹506 Cr	down ₹87.4 Cr	8,82,136	Trimmed
Union Bank of India Money market		0.52%	down 0.01 pts	₹471 Cr	up ₹2.7 Cr	10,000	Added
State Bank of India Money market		0.45%	down 0.01 pts	₹399 Cr	up ₹2.4 Cr	8,000	Added
Punjab National Bank Money market		0.42%	down 0.01 pts	₹376 Cr	up ₹2.2 Cr	8,000	Added
Axis Bank Limited Money market		0.40%	down 0.01 pts	₹362 Cr	up ₹2.1 Cr	7,500	Added
National Bank For Agriculture and Rural Development Money market		0.39%	up 0.39 pts	₹349 Cr	up ₹349 Cr	7,500	New
Indian Bank Money market		0.37%	down 0.01 pts	₹329 Cr	up ₹1.8 Cr	7,000	Added
IPCA Laboratories Limited · history in this fund	Pharmaceuticals & Biotechnology	0.36%	down 0.32 pts	₹324 Cr	down ₹276 Cr	22,46,361	Trimmed
Central Depository Services (India) Limited · history in this fund	Capital Markets	0.33%	down 0.12 pts	₹297 Cr	down ₹102 Cr	22,64,603	Trimmed
Punjab National Bank Money market		0.33%	down 0.01 pts	₹294 Cr	up ₹1.8 Cr	6,000	Added
Canara Bank Money market		0.32%	down 0.01 pts	₹287 Cr	up ₹1.6 Cr	6,000	Added
HDFC Bank Limited Money market		0.32%	down 0.01 pts	₹285 Cr	up ₹1.7 Cr	6,000	Added
364 Days Tbill Debt		0.32%	down 0.01 pts	₹284 Cr	up ₹1.7 Cr	3,00,00,000	Added
Kotak Mahindra Bank Limited Money market		0.31%	down 0.01 pts	₹282 Cr	up ₹1.6 Cr	6,000	Added
Canara Bank Money market		0.31%	down 0.01 pts	₹282 Cr	up ₹1.6 Cr	6,000	Added
National Bank For Agriculture and Rural Development Money market		0.31%	up 0.31 pts	₹279 Cr	up ₹279 Cr	6,000	New
Narayana Hrudayalaya Limited · history in this fund	Healthcare Services	0.31%	up 0.12 pts	₹277 Cr	up ₹114 Cr	19,95,914	Added
ICICI Bank Limited Money market		0.30%	down 0.01 pts	₹267 Cr	up ₹1.5 Cr	5,500	Added
Bajaj Finance Limited · history in this fund	Finance	0.25%	up 0.03 pts	₹223 Cr	up ₹30 Cr	2,82,625	Added
National Bank for Agriculture and Rural Development Money market		0.22%	down <0.01 pts	₹194 Cr	up ₹1.1 Cr	4,000	Added
Indian Bank Money market		0.21%	down <0.01 pts	₹192 Cr	up ₹1.1 Cr	4,000	Added
Kotak Mahindra Bank Limited Money market		0.21%	down <0.01 pts	₹192 Cr	up ₹1 Cr	4,000	Added
Kotak Mahindra Bank Limited Money market		0.21%	down <0.01 pts	₹188 Cr	up ₹1.1 Cr	4,000	Added
HDFC Bank Limited Money market		0.21%	down <0.01 pts	₹188 Cr	up ₹1.1 Cr	4,000	Added
ICRA Limited · history in this fund	Finance	0.21%	down 0.02 pts	₹185 Cr	down ₹11.1 Cr	2,97,835	Trimmed
EID Parry India Limited · history in this fund	Food Products	0.21%	down 0.02 pts	₹185 Cr	down ₹16.7 Cr	22,59,531	Trimmed
HDFC Bank Limited Money market		0.19%	down <0.01 pts	₹169 Cr	up ₹97 L	3,500	Added
ITC Hotels Limited · history in this fund	Leisure Services	0.18%	up 0.18 pts	₹161 Cr	up ₹161 Cr	98,99,412	New
Axis Bank Limited Money market		0.16%	down <0.01 pts	₹146 Cr	up ₹85 L	3,000	Added
Axis Bank Limited Money market		0.16%	down <0.01 pts	₹142 Cr	up ₹81 L	3,000	Added
National Bank For Agriculture and Rural Development Money market		0.14%	down <0.01 pts	₹121 Cr	up ₹70 L	2,500	Added
Axis Bank Limited Money market		0.13%	down <0.01 pts	₹119 Cr	up ₹68 L	2,500	Added
HDFC Bank Limited Money market		0.13%	up 0.13 pts	₹117 Cr	up ₹117 Cr	2,500	New
364 Days Tbill (MD Debt		0.12%	down <0.01 pts	₹104 Cr	up ₹61 L	1,10,00,000	Added
Bank of Baroda Money market		0.11%	down <0.01 pts	₹98.1 Cr	up ₹58 L	2,000	Added
Kotak Mahindra Bank Limited Money market		0.11%	down <0.01 pts	₹98 Cr	up ₹58 L	2,000	Added
Indian Bank Money market		0.11%	down <0.01 pts	₹97.7 Cr	up ₹57 L	2,000	Added
364 Days Treasury Bills Debt		0.11%	down <0.01 pts	₹96.7 Cr	up ₹56 L	1,00,00,000	Added
Kotak Mahindra Bank Limited Money market		0.11%	down <0.01 pts	₹96.5 Cr	up ₹54 L	2,000	Added
HDFC Bank Limited Money market		0.11%	down <0.01 pts	₹95.9 Cr	up ₹53 L	2,000	Added
Axis Bank Limited Money market		0.11%	down <0.01 pts	₹95.9 Cr	up ₹53 L	2,000	Added
HDFC Bank Limited Money market		0.11%	down <0.01 pts	₹94.6 Cr	up ₹56 L	2,000	Added
Axis Bank Limited Money market		0.11%	down <0.01 pts	₹94.4 Cr	up ₹53 L	2,000	Added
Kotak Mahindra Bank Limited Money market		0.10%	down <0.01 pts	₹94.2 Cr	up ₹54 L	2,000	Added
Canara Bank Money market		0.10%	down <0.01 pts	₹94 Cr	up ₹54 L	2,000	Added
Union Bank of India Money market		0.10%	down <0.01 pts	₹94 Cr	up ₹54 L	2,000	Added
Union Bank of India Money market		0.10%	down <0.01 pts	₹94 Cr	up ₹54 L	2,000	Added
Maharashtra Scooters Limited · history in this fund	Finance	0.08%	down <0.01 pts	₹74.6 Cr	down ₹2.5 Cr	80,159	Trimmed
364 Days Tbill (MD Debt		0.05%	down <0.01 pts	₹47.4 Cr	up ₹28 L	50,00,000	Added
Indian Bank Money market		0.05%	down <0.01 pts	₹47.3 Cr	up ₹27 L	1,000	Added
Bharat Electronics Limited · history in this fund	Aerospace & Defense	0.04%	down <0.01 pts	₹39 Cr	down ₹7 L	13,30,950	Held
Punjab National Bank · history in this fund	Banks	0.04%	down <0.01 pts	₹34.6 Cr	down ₹54 L	34,16,000	Trimmed
Bharti Airtel Limited · history in this fund	Telecom - Services	0.04%	down <0.01 pts	₹32.4 Cr	up ₹77 L	1,99,025	Added
IndusInd Bank Limited · history in this fund	Banks	0.03%	up <0.01 pts	₹26.7 Cr	up ₹84 L	2,69,000	Added
ICICI Bank Limited Money market		0.03%	down <0.01 pts	₹24.1 Cr	up ₹14 L	500	Added
Tata Motors Limited · history in this fund	Automobiles	0.02%	down <0.01 pts	₹20.8 Cr	down ₹70 L	2,89,850	Trimmed
Hindalco Industries Limited · history in this fund	Non - Ferrous Metals	0.02%	down <0.01 pts	₹20.3 Cr	down ₹28 L	3,41,600	Trimmed
Swaraj Engines Limited · history in this fund	Industrial Products	0.02%	up <0.01 pts	₹16.1 Cr	up ₹2.2 Cr	47,293	Added
NTPC Limited · history in this fund	Power	0.01%	down <0.01 pts	₹12.4 Cr	down ₹36 L	3,84,000	Trimmed
GMR Airports Limited · history in this fund	Transport Infrastructure	0.01%	down <0.01 pts	₹12.1 Cr	down ₹98 L	16,65,000	Trimmed
Biocon Limited · history in this fund	Pharmaceuticals & Biotechnology	0.01%	down <0.01 pts	₹11.3 Cr	down ₹9 L	3,12,500	Trimmed
Larsen & Toubro Limited · history in this fund	Construction	0.01%	down <0.01 pts	₹11.1 Cr	down ₹13 L	31,200	Trimmed
Bajaj Finserv Limited · history in this fund	Finance	0.01%	up <0.01 pts	₹10.6 Cr	up ₹1 Cr	61,000	Added
DLF Limited · history in this fund	Realty	0.01%	down <0.01 pts	₹10.3 Cr	down ₹1.1 Cr	1,38,600	Trimmed
Bandhan Bank Limited · history in this fund	Banks	0.01%	down <0.01 pts	₹10.3 Cr	down ₹52 L	6,77,600	Trimmed
Manappuram Finance Limited · history in this fund	Finance	0.01%	up <0.01 pts	₹6.1 Cr	up ₹24 L	3,12,000	Added
Titan Company Limited · history in this fund	Consumer Durables	0.01%	up <0.01 pts	₹6 Cr	up ₹41 L	17,325	Added
Bharat Heavy Electricals Limited · history in this fund	Electrical Equipment	0.01%	down <0.01 pts	₹4.8 Cr	down ₹49 L	2,28,375	Trimmed
Hindustan Copper Limited · history in this fund	Non - Ferrous Metals	<0.01%	down <0.01 pts	₹3 Cr	down ₹11 L	1,24,550	Trimmed
PI Industries Limited · history in this fund	Fertilizers & Agrochemicals	<0.01%	down <0.01 pts	₹1.8 Cr	down ₹11 L	5,250	Trimmed
Steel Authority of India Limited · history in this fund	Ferrous Metals	<0.01%	down <0.01 pts	₹1.7 Cr	down ₹9 L	1,56,000	Trimmed
Tata Steel Limited · history in this fund	Ferrous Metals	<0.01%	down <0.01 pts	₹1.3 Cr	down ₹3 L	99,000	Trimmed
HDFC Life Insurance Company Limited · history in this fund	Insurance	<0.01%	up <0.01 pts	₹1.3 Cr	up ₹4 L	19,800	Added
Indus Towers Limited · history in this fund	Telecom - Services	<0.01%	down <0.01 pts	₹1 Cr	up ₹2 L	28,900	Added
Oil & Natural Gas Corporation Limited · history in this fund	Oil	<0.01%	up <0.01 pts	₹76 L	up ₹7 L	28,875	Added
Jindal Steel & Power Limited · history in this fund	Ferrous Metals	<0.01%	down <0.01 pts	₹69 L	down ₹12 L	8,750	Trimmed
Hindustan Unilever Limited · history in this fund	Diversified FMCG	<0.01%	up <0.01 pts	₹67 L	up ₹4 L	2,700	Added
JSW Steel Limited · history in this fund	Ferrous Metals	<0.01%	up <0.01 pts	₹26 L	up ₹1 L	2,700	Added
United Spirits Limited · history in this fund	Beverages	<0.01%	down <0.01 pts	₹20 L	down ₹3 L	1,400	Trimmed
InterGlobe Aviation Limited · history in this fund	Transport Services	<0.01%	down <0.01 pts	₹19 L	down ₹1 L	450	Trimmed
Tata Communications Limited · history in this fund	Telecom - Services	<0.01%	down <0.01 pts	₹12 L	down ₹1 L	750	Trimmed
Havells India Limited · history in this fund	Consumer Durables	<0.01%	down <0.01 pts	₹8 L	down ₹1 L	500	Trimmed

What changed, Dec 2024 to Jan 2025

New New positions (1)

ITC Hotels Limited0.2% · ₹161 Cr

Exited Exited (0)

None.

Added Biggest additions

Mahindra & Mahindra Limitedup ₹1,047 Cr (+1.12% pts)
Kotak Mahindra Bank Limitedup ₹770 Cr (+0.78% pts)
Meta Platformsup ₹565 Cr (+0.55% pts)
Coal India Limitedup ₹476 Cr (+0.39% 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 Dec 2024, the weight rose most in Automobiles (+1.8 pts) and Internet & Technology (+0.7 pts), and fell most in Capital Markets (−1.1 pts) and Diversified FMCG (−0.7 pts).

Automobiles
7.2% → 9.0%
+1.8 pts
Internet & Technology
4.2% → 4.9%
+0.7 pts
Banks
24.7% → 25.1%
+0.4 pts
Consumable Fuels
7.2% → 7.6%
+0.4 pts
Consumer Services
3.7% → 3.9%
+0.2 pts
Leisure Services
0.0% → 0.2%new
+0.2 pts
Capital Markets
4.4% → 3.2%
−1.1 pts
Diversified FMCG
6.8% → 6.1%
−0.7 pts
IT - Software
15.7% → 15.1%
−0.6 pts
Finance
9.7% → 9.2%
−0.5 pts
Power
8.2% → 7.8%
−0.4 pts
Pharmaceuticals & Biotechnology
4.6% → 4.2%
−0.4 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

Weight of the fund’s largest sectors at each look-back point
Sector	Jan 2022	Jan 2024	Jul 2024	Oct 2024	Dec 2024	Jan 2025
Banks	16.6%	22.8%	22.8%	25.1%	24.7%	25.1%
IT - Software	22.8%	18.1%	15.6%	15.5%	15.7%	15.1%
Finance	9.1%	9.1%	8.6%	9.2%	9.7%	9.2%
Automobiles	5.5%	5.9%	6.2%	5.2%	7.2%	9.0%
Power	4.7%	6.5%	8.1%	8.8%	8.2%	7.8%
Consumable Fuels	—	5.8%	6.8%	8.1%	7.2%	7.6%
Diversified FMCG	8.5%	5.8%	6.8%	7.0%	6.8%	6.1%
Internet & Technology	6.4%	4.0%	3.7%	4.3%	4.2%	4.9%
Pharmaceuticals & Biotechnology	4.7%	4.4%	4.5%	4.2%	4.6%	4.2%
Consumer Services	6.7%	3.6%	3.3%	3.3%	3.7%	3.9%

Allocation in Jan 2025change vs Dec 2024

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, Jan 2025

19.4%

▼ 0.5 pts vs Dec 2024

Cash alone: 9.5%; cash and net receivables
A year earlier: 12.4%; Jan 2024 · now ▲ 7.0 pts
Last 12 months: 12.3% – 20.7%; lowest to highest · record 40.4% in Sep 2015

Cash & debt, Jun 2013 to Jan 2025.

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.

Disclosed portfolio value, Jun 2013 to Sep 2026.

All 159 months

Portfolio value and stock count by month
Month	Portfolio value	Stocks	Entered	Exited	Cash	Cash & debt	Turnover
Sep 2026	₹1.45 L Cr	60	0