Parag Parikh Flexi Cap Fund: M&M, Coal India, Petronet LNG among stocks bought in October
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Parag Parikh Flexi Cap Fund
The largest active flexicap fund by assets under management (AUM) had an AUM of Rs 1.46 lakh crore in October. Here are the stocks it bought and sold during the month, according to the monthly portfolio disclosed by the fund house.
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Exposure increased
The flexicap fund increased its stake in Coal India, Mahindra & Mahindra (M&M), Indus Towers, DLF, Petronet LNG, Indraprastha Gas, Mahanagar Gas, CIE Automotive India, EID Parry India, Bajaj Holdings & Investment, Dr. Reddy’s Laboratories, Maharashtra Scooters, Maruti Suzuki and Nesco.
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Stocks sold and added
The fund did not completely exit any stock or add any new stock to its portfolio in October.
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Exposure reduced
Parag Parikh Flexi Cap Fund did not reduce its exposure to any stock during the month.
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Status quo
The fund's exposure remained unchanged in 19 stocks, including Axis Bank, Bharti Airtel, CDSL, HCL Technologies, ICICI Bank, HDFC Bank, Infosys, ITC and TCS.
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Stock count
In October, the fund held 33 stocks in its portfolio, unchanged from the previous month.
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Benchmark and fund management
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.
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Outlook and cash holdings
In its monthly release, 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 focussed on individual companies. We have about 8.78% in cash holdings, debt and money market instruments and arbitrage positions which can be deployed in long term investments at appropriate levels.”