Shriram Flexi Cap Fund
The portfolio remains heavily tilted toward banking and financial services, with nearly a quarter of assets concentrated in the sector, signaling conviction in India's lending cycle and economic resilience. Recent activity—adding energy exposure through ONGC, introducing call options on IT majors, and reducing financial stocks modestly—suggests the manager is hedging valuation risk while selectively rotating toward cyclical recovery plays. The elevated cash buffer and deliberate sector rebalancing indicate cautious optimism rather than aggressive conviction.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹21.7339 | — | — | — | — | — | — |
| Regular Growth | ₹19.0010 | -0.37% | -5.41% | -8.16% | -1.85% | +8.62% | +9.01% |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Oil & Natural Gas Corporation Ltd. | 1.19% |
| Dodla Dairy Ltd. | 0.56% |
| CALL TECHM 26-May-2026 1540 | 0.00% |
| CALL HCLTECH 26-May-2026 1250 | 0.00% |
| CALL TCS 26-May-2026 2540 | 0.00% |
| CALL INFY 26-May-2026 1240 | -0.01% |
| CALL ETERNAL 26-May-2026 250 | -0.01% |
| CALL INDIGO 26-May-2026 4200 | -0.03% |
| Clearing Corporation of India Ltd. | 1.33% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 7.72% |
| 2 | Reliance Industries Ltd. INE002A01018 | 5.48% |
| 3 | ICICI Bank Ltd. INE090A01021 | 4.66% |
| 4 | State Bank of India INE062A01020 | 4.34% |
| 5 | Bharti Airtel Ltd. INE397D01024 | 3.95% |
| 6 | Axis Bank Ltd. INE238A01034 | 3.89% |
| 7 | Net Receivables / (Payables) | 3.45% |
| 8 | Infosys Ltd. INE009A01021 | 2.61% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 2.53% |
| 10 | NTPC Ltd. INE733E01010 | 2.35% |
| 11 | SBI Life Insurance Company Ltd. INE123W01016 | 2.16% |
| 12 | Mahindra & Mahindra Ltd. INE101A01026 | 2.06% |
| 13 | ITC Ltd. INE154A01025 | 2.04% |
| 14 | InterGlobe Aviation Ltd. INE646L01027 | 1.93% |
| 15 | Bharat Electronics Ltd. INE263A01024 | 1.92% |
| 16 | Computer Age Management Services Ltd. INE596I01020 | 1.88% |
| 17 | Adani Ports & Special Economic Zone Ltd. INE742F01042 | 1.74% |
| 18 | Tata Consultancy Services Ltd. INE467B01029 | 1.72% |
| 19 | Ajanta Pharma Ltd. INE031B01049 | 1.47% |
| 20 | Maruti Suzuki India Ltd. INE585B01010 | 1.42% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.