In August, the fund increased its holdings in six stocks. It added 70.99 lakh shares of Power Grid Corporation of India, taking the total to 15.67 million shares in August from 14.96 million shares in July. The fund also added around 47.99 lakh shares of Central Depository Services (India).
The fund increased its stake in ICICI Bank by adding 14 lakh shares and in HDFC Bank by adding 5.25 lakh shares. It also increased its position in Kotak Mahindra Bank With the addition of 4.55 lakh shares, the portfolio now includes approximately 51.78 lakh shares of Bajaj Holdings & Investment after adding 41,970 shares.
Parag Parikh Flexi Cap Fund reduced its holdings by selling 59.46 lakh shares of NMDC, bringing down the total number of shares to 4.13 crore in August from 4.72 crore in July. The fund also reduced its stake in Motilal Oswal Financial Services through the sale of 19.29 lakh shares.
In addition, the fund sold 9.81 lakh shares of Indraprastha Gasbringing the total number down to 1.35 million shares in August from 1.45 million shares in July. It also sold 5.12 lakh shares of ITU AMC.
The fund’s exposure to 18 stocks remained unchanged, including CCI, Coal from India, HCL Technologies, Maruti Suzuki India, Information systems, Indian Power ExchangeZydus Lifesciences, Cipla, Balkrishna Industries and Dr. Reddy’s Laboratories. The fund neither exited any stock completely nor added any new stock to its portfolio. Parag Parikh Flexi Cap Fund is a dynamic open-ended equity scheme that invests in large-cap, mid-cap and small-cap stocks.
The fund’s total assets under management stood at Rs 78,490 crore in August, up from Rs 75,956 crore in July. The fund’s investment objective is to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity-related securities.
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