Parag Parikh Flexi Cap Fund
The fund maintains a balanced positioning with over 80% equity exposure anchored by quality financials—banks comprise one-fifth of the portfolio—while hedging uncertainty through meaningful debt and cash holdings. The manager has selectively pruned smaller bank positions while adding selective exposure like Mahanagar Gas, suggesting a preference for quality over quantity amid market volatility. The concentrated top-10 structure at 52% signals conviction in core holdings, though the modest monthly return reflects cautious positioning as receivables decline sharply.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹90.3636 | -1.18% | — | — | — |
| Regular Growth | ₹82.4863 | -1.23% | -0.55% | +16.03% | +15.68% |
| Direct IDCW | ₹90.3638 | — | — | — | — |
| Regular IDCW | ₹82.4863 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Mahanagar Gas Limited | 0.03% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 7.94% |
| 2 | Power Grid Corporation of India Limited INE752E01010 | 6.99% |
| 3 | Coal India Limited INE522F01014 | 5.95% |
| 4 | ITC Limited INE154A01025 | 5.43% |
| 5 | ICICI Bank Limited INE090A01021 | 4.92% |
| 6 | Alphabet Inc A US02079K3059 | 4.90% |
| 7 | Bajaj Holdings & Investment Limited INE118A01012 | 4.41% |
| 8 | TRP_040526 nan | 4.27% |
| 9 | Kotak Mahindra Bank Limited INE237A01036 | 4.03% |
| 10 | Mahindra & Mahindra Limited INE101A01026 | 3.52% |
| 11 | HCL Technologies Limited INE860A01027 | 3.43% |
| 12 | Infosys Limited INE009A01021 | 3.03% |
| 13 | Axis Bank Limited INE238A01034 | 2.99% |
| 14 | Maruti Suzuki India Limited INE585B01010 | 2.87% |
| 15 | Bharti Airtel Limited INE397D01024 | 2.83% |
| 16 | Tata Consultancy Services Limited INE467B01029 | 2.79% |
| 17 | Embassy Office Parks REIT INE041025011 | 2.51% |
| 18 | Amazon Com Inc US0231351067 | 2.47% |
| 19 | Meta Platforms Registered Shares A US30303M1027 | 2.44% |
| 20 | Microsoft Corp US5949181045 | 2.01% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Parag Parikh Flexi Cap Fund hold?
Parag Parikh Flexi Cap Fund holds 107 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 31.23% of NAV.
What is the largest holding in Parag Parikh Flexi Cap Fund?
The largest position in Parag Parikh Flexi Cap Fund is HDFC Bank Limited, accounting for 7.94% of NAV in the Banks sector.
Is Parag Parikh Flexi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.729, Parag Parikh Flexi Cap Fund is highly concentrated. The HHI concentration index is 37,962 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 31.23% of the portfolio.
What is the market cap allocation of Parag Parikh Flexi Cap Fund?
Based on SEBI's AMFI classification, Parag Parikh Flexi Cap Fund's equity portfolio is split as: Large Cap: 60.16%, Mid Cap: 1.50%, Small Cap: 3.30%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Parag Parikh Flexi Cap Fund invest in most?
Parag Parikh Flexi Cap Fund has the highest allocation to Banks (19.89%), IT - Software (9.25%), Computer Software: Programming, Data Processing ## (7.34%). The fund is invested across 30 sectors in total.
How actively managed is Parag Parikh Flexi Cap Fund compared to other Flexi Cap Fund funds?
Parag Parikh Flexi Cap Fund has an Active Share of 74.48%, classifying it as "Highly Differentiated" among 41 Flexi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Parag Parikh Flexi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Parag Parikh Flexi Cap Fund added 1 new stock (including Mahanagar Gas Limited) and exited 8 stocks (including Balkrishna Industries Limited). Total holding count decreased from 116 to 108 stocks.