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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹89.7575 | -0.44% | — | — | — | — | — |
| Regular Growth | ₹81.9344 | -0.49% | -2.65% | -5.10% | -0.03% | +15.69% | +15.53% |
| Direct IDCW | ₹89.7576 | — | — | — | — | — | — |
| Regular IDCW | ₹81.9343 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
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.