Parag Parikh Flexi Cap Fund’s June moves: ITC, TCS among key buys; Dr Reddy’s, Maruti see stake cut
1/7
Fund Watch
Parag Parikh Flexi Cap Fund, the largest active flexi cap fund by assets under management (AUM), managed assets worth Rs 1.10 lakh crore in June. Here is a look at the stocks the fund bought, sold, and retained, according to its monthly portfolio disclosure.
2/7
Stake hiked
The fund increased its stake in ITC, HCL Technologies, Tata Consultancy Services, Indraprastha Gas, Infosys, Kotak Mahindra Bank, Cipla, Axis Bank, and nine other stocks in June.
3/7
Stake trimmed
The fund reduced its exposure to two stocks — Dr. Reddy’s Laboratories and Maruti Suzuki India. It sold around 8.44 lakh shares of Dr. Reddy’s Laboratories and 1.51 lakh shares of Maruti Suzuki India during the month.
Amazon Top Deals
POWERED BY
Crompton Ozone 75 Litres Desert Air Cooler for home | Large & Easy Clean Ice Chamber | 4-Way Air Deflection | High Density Honeycomb Pads | Everlast Pump | Auto Fill| 3 Year Brand Warranty
₹9,798Buy Now43%
OFF
LG 32 L Convection Microwave Oven (MC3286BRUM, Black, 360° Motorised Rotisserie for Bar-be-queing, 301 Auto Cook Menu, Stainless steel cavity, Indian Cuisine, Tandoor Se, Steam Clean & Diet Fry)
₹19,090Buy Now20%
OFF
4/7
New entrant and complete exit
Petronet LNG was the only new addition to the portfolio in June, with around 1 crore shares added during the month. The flexi cap fund did not make a complete exit from any stock in June.
5/7
Status quo
The fund maintained its holdings in nearly 13 stocks, including CDSL, CIE Automotive India, Coal India, HDFC Bank, ICICI Bank, ICRA, Indus Towers, Narayana Hrudayalaya, Nesco, Power Grid Corporation of India, Swaraj Engines, The Great Eastern Shipping Company, and Zydus Wellness.
6/7
Benchmark and fund management
The fund is benchmarked against the NIFTY 500 TRI and is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman, Mansi Kariya, and Aishwarya Dhar.
7/7
Stock count and sector allocation
In June, the flexi cap fund held 33 stocks in its portfolio, compared with 32 stocks in the previous month. The portfolio was spread across 26 sectors, with banks accounting for the highest allocation at around 21.47%.