Parag Parikh Flexi Cap Fund : ITC, HDFC Bank and Cipla among stocks bought and sold in May
Parag Parikh Flexi Cap Fund, the largest active and flexicap fund based on assets managed, had an AUM of Rs 1.41 lakh crore as of May 31, 2026. Here is what this flexicap fund bought and sold in May: (Source: PPFAS Mutual Fund)
The fund increased its stake in ITC, HDFC Bank, Indraprastha Gas, Bajaj Holdings & Investment, CMS Info System, Coal India, HCL Technologies, ICICI Bank, Indian Energy Exchange, Infosys, Kotak Mahindra Bank, M&M, Power Grid Corporation, and three others.
The exposure was reduced in Cipla by selling 3.24 lakh shares from the portfolio and the fund had 1.40 crore shares in its portfolio in May compared to 1.43 crore shares in April.
The exposure remained unchanged in 15 stocks which includes Axis Bank, Bharti Airtel, CDSL, CIE Automotive India, Dr. Reddy’s Laboratories, EID Parry India, ICRA, Indus Towers, Maruti Suzuki India, Narayana Hrudayalaya, Nesco, TCS, Zydus Wellness.
In May, the flexicap fund had 32 stocks in its portfolio which remained unchanged from the previous month. The fund had the highest allocation of 20.13% in banks, followed by 9.94% in debt and money market instruments.
The fund is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman, Mansi Kariya and Aishwarya Dhar. The performance is benchmarked against NIFTY 500 (TRI).
The fund house said in its monthly release that they continue to look at individual investments on their own merits and will not hesitate to invest if an opportunity looks attractive. Their investment stance does not depend much on the macro-economic situation but is focussed on individual companies.
The monthly release further said that they have about 14.77% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long term investments at appropriate levels.
