Updated Aug 9, 2025 14:11 IST
Parag Parikh Flexi Cap Fund, the largest active and flexi cap fund based on assets managed, increased its shareholding in as many as 12 stocks, including FMCG major ITC, in the month of July.
The fund added around 47.50 lakh of ITC shares to its portfolio, taking the total number of shares to 12.21 crore in July against 11.74 crore shares in June, reported Economic Times.
Among the other stocks that the fund added to its portfolio in July are – Axis Bank, Bharti Airtel, Cipla, Dr. Reddy’s Laboratories, EID Parry India, HCL Technologies, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Power Grid Corporation of India and Zydus Lifesciences.
The flexi cap fund added around 65.70 lakh shares of Power Grid Corporation of India in July against 1.53 crore shares in June. This was followed by 31.16 lakh shares of ICICI Bank.
Meanwhile, the fund reduced its stake from IPCA Laboratories and sold 7.45 lakh shares of this stock from the portfolio.
Only one new stock was added in the portfolio in the said period. Motilal Oswal Financial Services was the new entrant in the portfolio. It added around 5.91 lakh shares of the stock to the portfolio, reported ET.
The fund, however, did not make a complete exit from any stock in the month of July.
The exposure in 15 stocks remained unchanged in July which includes Bajaj Holdings & Investment, Balkrishna Industries, CDSL, Coal India, Indian Energy Exchange, Infosys, Mahindra & Mahindra, MCX, Swaraj Engines, and Zydus Wellness.
Launched on May 24, 2013, the fund had an AUM of Rs 1.13 lakh crore as on July 31, 2025. The fund is benchmarked against NIFTY 500 (TRI) and is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya.
According to the monthly release by the fund house, the core portfolio of the flexi cap fund consists of equity investments made with a long term outlook and the factors considered while investing are quality of management, quality of the sector and the business (return on capital, entry barriers, capital intensity, use of debt, growth prospects etc) and the valuation of the companies.
The endeavour of the fund management team is to identify opportunities for long term investments.
“We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macro-economic situation but is focussed on individual companies. We have about 23.29% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long term investments at appropriate levels,” the fund house said.
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