10-06-2025
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.
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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.
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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.'
