PPFAS Flexi Cap Fund raises stake in Infosys, Coal India, cuts holdings in CDSL, ICRA

PPFAS Flexi Cap Fund, the largest flexi-cap fund based on assets under management, hiked its stake in Infosys and Coal India in November and reduced its exposure to Central Depository Services (India) (CDSL) and ICRA.

The flexi-cap fund has increased its stake in a total of eight stocks, including Infosys and Coal India. Around 1.36 crore shares of Coal India were added to the portfolio in November, bringing the total number of shares to 13.12 crore, up from 11.76 crore in October. PPFAS Flexi Cap Fund also added 48.20 lakh shares of Power Grid Corporation of India (PGCIL) to its portfolio.

The flexi-cap fund bought 44.74 lakh shares of ITC in November, followed by 11.97 lakh shares of Kotak Mahindra Bank. The fund also added 11.80 lakh shares of Zydus Lifesciences and 7.80 lakh shares of Dr. Reddy's Laboratories to its portfolio during the same period.


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The fund also increased its exposure to Axis Bank and Infosys by adding 7.61 lakh and 37,719 shares, respectively.

The largest flexi-cap fund reduced its exposure to five stocks, including Motilal Oswal Financial Services, Central Depository Services (India) (CDSL), ICRA, UTI Asset Management Company, and Accelya Solutions India.

Around 22.27 lakh shares of Motilal Oswal Financial Services were sold from the portfolio in November, followed by 12.63 lakh shares of CDSL in the same period. The fund sold 2.12 lakh shares of UTI Asset Management Company, bringing the total number of shares to 2.08 lakh in November, down from 4.21 lakh shares in October.

The exposure to ICRA and Accelya Solutions India was reduced by selling 67,567 and 14,150 shares, respectively, from the portfolio.

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No changes were made to the exposure of 13 stocks, including HDFC Bank, Bajaj Holdings & Investment, ICICI Bank, HCL Technologies, Maruti Suzuki India, Indian Energy Exchange, Multi Commodity Exchange of India (MCX), Swaraj Engines, Balkrishna Industries, and Cipla.

The flexi-cap fund made a complete exit from Indraprastha Gas by selling 67.19 lakh shares from its portfolio.

The objective of the scheme is to generate long-term capital growth from an actively managed portfolio primarily consisting of equity and equity-related securities. The scheme will invest in Indian equities, foreign equities, related instruments, and debt securities.

The scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. The flexi-cap fund is benchmarked against the NIFTY 500 (TRI). As of November 2024, the assets under management were recorded at Rs 84,640 crore, with around 26 stocks in the portfolio.

According to the latest monthly release, the fund is suitable for investors who can remain invested for a minimum of five years.