Latest news with #NeilParikh
Time of India
10-06-2025
- Business
- Time of India
Parag Parikh Flexi Cap Fund adds Bharti Airtel and Nesco to its portfolio in May
Parag Parikh Flexi Cap Fund, the largest flexi cap fund by assets under management, added two new stocks to its portfolio in May — Bharti Airtel and Nesco. The fund purchased around 1.17 crore shares of Bharti Airtel and 89,469 shares of Nesco during the month. The fund did not exit any stock in the same period. It increased its exposure in eight stocks, including Zydus Lifesciences , Power Grid Corporation of India , Mahindra & Mahindra, ITC, HDFC Bank , EID Parry India , Coal India , and Cipla. Also Read | Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Around 1.52 crore shares of Power Grid Corporation of India were added to the portfolio, taking the total holding to 20.88 crore shares in May, up from 19.36 crore in April. The fund also added 73.57 lakh shares of Coal India, followed by 39.99 lakh shares of ITC during the same period. The total number of Mahindra & Mahindra shares in the portfolio rose to 1.22 crore in May from 1.10 crore in April, with 11.91 lakh shares added. Additionally, 8.87 lakh shares of Cipla and 4.80 lakh shares of HDFC Bank were added during the month. Live Events The fund also included 3.22 lakh shares of Zydus Lifesciences and 2.54 lakh shares of EID Parry India in its portfolio in May. Exposure in 14 stocks remained unchanged, including Axis Bank, Bajaj Holdings & Investment, Central Depository Services (India), ICICI Bank , ICRA, Indian Energy Exchange , Infosys, Maharashtra Scooters , Kotak Mahindra Bank , Maruti Suzuki India , Swaraj Engines , and Multi Commodity Exchange of India. The fund held 28 stocks in its portfolio in May, up from 26 in April. Its assets under management (AUM) stood at Rs 1.03 lakh crore in May, compared to Rs 98,541.28 crore as of April 30, 2025. Also Read | Parag Parikh Flexicap Fund crosses Rs 1 lakh crore AUM: Neil Parikh Launched on May 24, 2013, the scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. It is benchmarked against the NIFTY 500 (TRI), and the minimum investment amount for new purchases, additional purchases, and monthly SIPs is Rs 1,000. Last month, the Chairman and CEO of PPFAS Mutual Fund , Neil Parikh, announced on social media that the Parag Parikh Flexi Cap Fund had crossed Rs 1 lakh crore in assets under management (AUM). Parikh called it the first actively managed scheme in India to reach this milestone. He wrote on social media platform X, 'I don't normally talk about AUM or have any AUM-based targets in our organization, but today is special… PPFAS Flexi Cap crossed Rs 1 lakh crore AUM today. I believe it is the first actively managed scheme to do so in India.'
Economic Times
10-06-2025
- Business
- Economic Times
Parag Parikh Flexi Cap Fund adds Bharti Airtel and Nesco to its portfolio in May
The fund exited no stocks but raised exposure in eight existing holdings, including Power Grid, Mahindra & Mahindra, ITC, HDFC Bank, Coal India, Zydus Lifesciences, Cipla, and EID Parry. Parag Parikh Flexi Cap Fund, the largest flexi cap fund by assets under management, added two new stocks to its portfolio in May — Bharti Airtel and Nesco. The fund purchased around 1.17 crore shares of Bharti Airtel and 89,469 shares of Nesco during the month. The fund did not exit any stock in the same period. It increased its exposure in eight stocks, including Zydus Lifesciences, Power Grid Corporation of India, Mahindra & Mahindra, ITC, HDFC Bank, EID Parry India, Coal India, and Cipla. Also Read | Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance Around 1.52 crore shares of Power Grid Corporation of India were added to the portfolio, taking the total holding to 20.88 crore shares in May, up from 19.36 crore in April. The fund also added 73.57 lakh shares of Coal India, followed by 39.99 lakh shares of ITC during the same total number of Mahindra & Mahindra shares in the portfolio rose to 1.22 crore in May from 1.10 crore in April, with 11.91 lakh shares added. Additionally, 8.87 lakh shares of Cipla and 4.80 lakh shares of HDFC Bank were added during the month. The fund also included 3.22 lakh shares of Zydus Lifesciences and 2.54 lakh shares of EID Parry India in its portfolio in May. Exposure in 14 stocks remained unchanged, including Axis Bank, Bajaj Holdings & Investment, Central Depository Services (India), ICICI Bank, ICRA, Indian Energy Exchange, Infosys, Maharashtra Scooters, Kotak Mahindra Bank, Maruti Suzuki India, Swaraj Engines, and Multi Commodity Exchange of India. The fund held 28 stocks in its portfolio in May, up from 26 in April. Its assets under management (AUM) stood at Rs 1.03 lakh crore in May, compared to Rs 98,541.28 crore as of April 30, 2025. Also Read | Parag Parikh Flexicap Fund crosses Rs 1 lakh crore AUM: Neil Parikh Launched on May 24, 2013, the scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. It is benchmarked against the NIFTY 500 (TRI), and the minimum investment amount for new purchases, additional purchases, and monthly SIPs is Rs 1,000. Last month, the Chairman and CEO of PPFAS Mutual Fund, Neil Parikh, announced on social media that the Parag Parikh Flexi Cap Fund had crossed Rs 1 lakh crore in assets under management (AUM). Parikh called it the first actively managed scheme in India to reach this milestone. He wrote on social media platform X, 'I don't normally talk about AUM or have any AUM-based targets in our organization, but today is special… PPFAS Flexi Cap crossed Rs 1 lakh crore AUM today. I believe it is the first actively managed scheme to do so in India.'
Time of India
08-05-2025
- Business
- Time of India
NFO Alert: Canara Robeco Mutual Fund launches multi asset allocation fund
Canara Robeco Mutual Fund has announced the launch of Canara Robeco Multi Asset Allocation Fund , an open-ended hybrid fund aiming to generate alpha when markets are doing well and reduce downside risk in times of bad market periods. #Operation Sindoor Live Updates| From Sindoor to showdown? Track Indo-Pak conflict as it unfolds Pakistan tried to hit military targets in these 15 Indian cities, New Delhi thwarts strikes India hits Lahore's Air Defence Radars in proportionate response The new fund offer or NFO of the scheme will open for subscription on May 9 and will close on May 23. The Scheme would re-open on or before June 6. Also Read | Parag Parikh Flexicap Fund crosses Rs 1 lakh crore AUM: Neil Parikh Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An Khanh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo The fund is an open-ended scheme investing in equity and equity related instruments, debt and money market instruments, Gold ETFs and Silver ETFs. The active multi asset allocation strategy aims to navigate all market conditions. The fund will focus on periodic optimisation of asset classes in response to changing economic factors, earning momentum, market valuation, and equity risk premium, facilitating portfolio alignment. Live Events "The launch of Canara Robeco Multi Asset Allocation Fund not just expands our product offerings, it also enhances our ability to provide investors with diversified solutions tailored to meet the evolving needs of the market,' said Rajnish Narula, Chief Executive Officer, Canara Robeco Asset Management. 'By continually developing new funds for investors, we aim to empower them to build resilient portfolios that may align with their financial goals, while also fostering our culture of continuous improvement and excellence in product development," he added. The scheme will allocate 65-80% of the total assets towards equity and equity instruments, 10-25% towards Gold and Silver ETFs and 10-25% towards debt and money market instruments. The Scheme may also invest in REITs and InvITs. 'Canara Robeco Multi Asset Allocation Fund aims to deliver reasonable returns with lower volatility over the long term. The equity portion will aim to provide long term capital appreciation while gold and silver ETF allocation will aim to act as a hedge against inflation and uncertainty, and debt allocation will aim to provide balance to the portfolio,' said Shridatta Bhandwaldar, Head – Equities at Canara Robeco Asset Management. 'We believe the fund can provide a strategic edge to investors, and aim to give them an opportunity to potentially capture the upside whilst likely reducing the downside impact,' he said. Also Read | These 10 mutual funds had largest positions in companies listed on NSE in March The equity portion of the fund would be a market capitalization, style and sector agnostic and would aim to invest in high conviction portfolio with leaders with proven track record across market cycles which could provide strength and compounding to the portfolio as well as in emerging companies with improving market share to lend alpha to the portfolio through superior earnings growth. At the same time, actively managed Gold and Silver Exchange Traded Funds (ETFs) exposure and dynamic fixed income portfolio could provide hedge and strength, respectively, to the portfolio. "The fund will have the flexibility to invest across debt and money market instruments and across durations, making it suitable for investors looking for diversification across asset classes,' said Avnish Jain, Head - Fixed Income, Canara Robeco Asset Management Company. 'The fund will manage duration dynamically and hence will likely make sense for investors looking to participate in markets whilst mitigating losses during downturns.' Canara Robeco Multi Asset Allocation Fund will be benchmarked against 65% BSE 200 TRI + 20% NIFTY Short Duration Debt Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver. The scheme will be managed by Amit Kadam, Ennette Fernandes, and Kunal Jain. 'Canara Robeco Multi Asset Allocation Fund offers a smart solution for dynamic asset allocation, harnessing the power of 3 asset classes – equity, debt, and gold & silver ETFs – to provide investors with a dynamic mix. The fund could also be suitable for investors looking at regular cash flows using the Systematic Withdrawal Plan (SWP) feature,' said Gaurav Goyal, Head - Sales and Marketing, Canara Robeco Asset Management Company. 'To ensure better communication with our partners, we have developed marketing materials in vernacular languages. Additionally, we have created a rap song to make the concept of Multi Asset Allocation Fund (MAAF) fun and easy to understand, helping our investors engage with the fund better.' The multi asset allocation fund is suitable for long term investors seeking diversification across asset classes.
