Parag Parikh Flexi Cap Fund Adjusts Portfolio with Key Stock Movements in March
Parag Parikh Flexi Cap Fund: ITC, HDFC Bank and Balkrishna Industries among stocks bought and sold in March
The Economic Times
Image: The Economic Times
In March, the Parag Parikh Flexi Cap Fund, India's largest active flexi cap fund with an AUM of ₹1.28 lakh crore (approximately $154 billion USD), increased its stakes in major companies like TCS and HDFC Bank. The fund sold 6.31 lakh shares of Balkrishna Industries but did not introduce new stocks or fully exit any positions.
- 01Parag Parikh Flexi Cap Fund increased stakes in major companies including TCS and HDFC Bank.
- 02The fund sold 6.31 lakh shares of Balkrishna Industries, reducing its holdings significantly.
- 03No new stocks were added to the portfolio in March, maintaining a total of 33 stocks.
- 04The fund's cash allocation stands at 18.94%, ready for long-term investments.
- 05The fund is benchmarked against the NIFTY 500 index.
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The Parag Parikh Flexi Cap Fund, the largest active flexi cap fund in India with an AUM of ₹1.28 lakh crore (approximately $154 billion USD), made notable adjustments to its portfolio in March. The fund increased its stakes in several prominent companies, including TCS, HDFC Bank, and Coal India, among others. However, it reduced its holdings in Balkrishna Industries, selling 6.31 lakh shares, which brought its total shares down to 22.74 lakh from 29.06 lakh in the previous month. Notably, the fund did not add any new stocks to its portfolio nor did it completely exit any existing positions. The total stock count remained at 33, unchanged from the previous month, with exposure across 21 sectors. Additionally, the fund maintains a cash allocation of 18.94%, which includes holdings in debt and money market instruments, allowing for strategic long-term investments. The fund is managed by a team including Rajeev Thakkar and Raunak Onkar, and is benchmarked against the NIFTY 500 (TRI) index.
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The adjustments in the Parag Parikh Flexi Cap Fund's portfolio could influence the stock prices of the companies involved, particularly those where stakes were increased. Investors in these companies may see fluctuations based on the fund's movements.
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