Parag Parikh Large Cap Fund
PPFAS Mutual Fund·Large Cap Fund·vs Nifty 100 TRI
Parag Parikh remains heavily anchored to financial services and energy infrastructure, with banks commanding nearly a quarter of assets. The month's strategic pivot is revealing: adding Vedanta's commodity plays while trimming insurance and discretionary holdings suggests conviction that commodity cycles and power demand will outpace consumption-linked stories. This concentrated portfolio of 109 stocks (top-10 at 43%) is betting on cyclical mean reversion rather than defensive positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹9.2759 | — | — | — | — | — | — |
| Regular Growth | ₹9.2663 | -0.95% | -6.63% | — | — | — | — |
| Direct IDCW | ₹9.2830 | — | — | — | — | — | — |
| Regular IDCW | ₹9.2662 | — | — | — | — | — | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
108
Top 5 Weight
30.11%
Top 10 Weight
43.37%
Active Share
—
Large Cap
94.73%
Gini
0.543
What Changed2026-03-31 → 2026-04-30
Holdings: 108 → 109+5 added−5 removed17 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Vedanta Aluminium Metal Limited ** | 0.15% |
| Malco Energy Limited ** | 0.15% |
| Vedanta Iron And Steel Limited ** | 0.15% |
| Talwandi Sabo Power Limited ** | 0.15% |
| 91 Days Tbill (MD 28/05/2026) | 0.71% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 8.67% |
| 2 | Reliance Industries Limited INE002A01018 | 7.10% |
| 3 | ICICI Bank Limited INE090A01021 | 6.63% |
| 4 | Bharti Airtel Limited INE397D01024 | 4.25% |
| 5 | Larsen & Toubro Limited INE018A01030 | 3.46% |
| 6 | State Bank of India INE062A01020 | 3.25% |
| 7 | Infosys Limited INE009A01021 | 3.04% |
| 8 | Axis Bank Limited INE238A01034 | 2.67% |
| 9 | ITC Limited INE154A01025 | 2.23% |
| 10 | Kotak Mahindra Bank Limited INE237A01036 | 2.07% |
| 11 | Mahindra & Mahindra Limited INE101A01026 | 2.03% |
| 12 | Tata Consultancy Services Limited INE467B01029 | 1.86% |
| 13 | Bajaj Finance Limited INE296A01032 | 1.84% |
| 14 | Hindustan Unilever Limited INE030A01027 | 1.47% |
| 15 | Sun Pharmaceutical Industries Limited INE044A01036 | 1.41% |
| 16 | NTPC Limited INE733E01010 | 1.39% |
| 17 | Titan Company Limited INE280A01028 | 1.33% |
| 18 | Eternal Limited INE758T01015 | 1.31% |
| 19 | Tata Steel Limited INE081A01020 | 1.28% |
| 20 | Maruti Suzuki India Limited INE585B01010 | 1.28% |
Sector Allocation
Banks24.5%
Petroleum Products7.9%
IT - Software7.2%
Finance6.3%
Automobiles6.2%
Power4.6%
Telecom - Services4.3%
Diversified FMCG3.7%
Pharmaceuticals & Biotechnology3.6%
Construction3.5%
Top 10 sectors by % to NAV. Excludes derivatives.