Parag Parikh Flexi Cap Fund: Bharti Airtel, Indus Towers and Petronet LNG among 13 stocks bought in September

The largest active fund and flexi cap fund by assets under management (AUM), Parag Parikh Flexi Cap Fund had an AUM of Rs 1.45 lakh crore in September. Here are the stocks it bought and sold during the month, according to the monthly portfolio disclosure by the fund house.

The fund added DLF, Bharti Airtel, Indus Towers, Petronet LNG, Indraprastha Gas, Mahindra & Mahindra, CIE Automotive India, Mahanagar Gas, Bajaj Holdings & Investment, Dr Reddy’s Laboratories, EID Parry India, Maharashtra Scooters and Nesco Limited to its portfolio.

The fund made a complete exit from The Great Eastern Shipping Company, selling 12.73 lakh shares in September.

The fund did not reduce its exposure to any stocks during the month.

The fund maintained its exposure to 20 stocks in September, including Axis Bank, CDSL, HCL Technologies, ICRA, Infosys, ITC, Kotak Mahindra Bank, Coal India and TCS.

The fund held 33 stocks in September, compared with 34 in the previous month.

The fund is benchmarked against the Nifty 500 TRI. It is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman, Mansi Kariya and Aishwarya Dhar.

In its monthly disclosure, the fund house said all portfolio holdings remained rated AAA (long-term) or A1+ (short-term) by the respective credit rating agencies. It added that there was no change in the credit quality of the securities held during the period.

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 9.77% in cash holdings, debt & money market instruments and arbitrage positions which can be deployed in long-term investments at appropriate levels.”