Parag Parikh Flexi Cap Fund exits ITC Hotels and increases stake in 8 stocks

Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, made a complete exit from ITC Hotels in April by selling 98.99 lakh shares from its portfolio, whereas it increased its stake in eight stocks in the same period.

Around 72.49 lakh shares of Coal India were added to the portfolio on a monthly basis, taking the total number of shares to 14.83 crore in April against 14.10 crore shares in March. The fund also added 40.76 lakh shares of ITC in the same period.

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The shares of Zydus Lifesciences went up to 1.39 crore in April by increasing 9.32 lakh shares to the portfolio. Around 8.51 lakh shares of Power Grid Corporation of India and 6.40 lakh shares of Mahindra & Mahindra were added to the portfolio in the mentioned period.

The largest flexi cap fund added 2.70 lakh shares of Dr. Reddy’s Laboratories and 1.44 lakh shares of EID Parry India to its portfolio in the mentioned period. And lastly, it added 3,592 shares of Maruti Suzuki India to its portfolio.

The exposure in two stocks was reduced, which included Motilal Oswal Financial Services and IPCA Laboratories. Around 23.27 lakh shares of Motilal Oswal Financial Services and 69,771 shares of IPCA Laboratories were reduced from the portfolio in the mentioned period.

The exposure in 16 stocks remained unchanged which included HDFC Bank, Bajaj Holdings & Investment, ICICI Bank, Kotak Mahindra Bank, HCL Technologies, Infosys, Cipla, Indian Energy Exchange, CDSL, Swaraj Engines, Maharashtra Scooters, and Multi Commodity Exchange of India.

No new stock was added to the portfolio in the said period. The fund had 26 stocks in its portfolio in April against 27 stocks in March.

Parag Parikh Flexi Cap Fund (PPFCF) is an open-ended equity-oriented scheme with flexibility to invest a minimum of 65% in Indian equities and up to 35% in overseas equity security and domestic debt/money market securities.

The core portfolio consists of equity investments made with a long-term outlook, and the factors considered while investing are quality of management, quality of the sector, and the business (return on capital, entry barriers, capital intensity, use of debt, growth prospects, etc) and the valuation of the companies.

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Launched on May 24, 2013, the scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. The scheme had an AUM of Rs 98,541.28 crore as on April 30, 2025.

It is benchmarked against NIFTY 500 (TRI) and the minimum investment amount for new purchase, additional purchase, and monthly SIP is Rs 1,000.

The fund house said, “We continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. As usual, our investment stance does not depend much on the macro-economic situation but is focused on individual companies. We have about 26.30% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long-term investments at appropriate levels.”