FlexiCap Fund is a type of mutual fund that invests across a wide range of market capitalizations, including large, mid, and small-cap stocks. It offers flexibility in asset allocation, allowing fund managers to adjust the portfolio based on market conditions. This strategy aims to achieve optimal returns while managing risk by diversifying investments across various sectors and market sizes.
Parag Parikh Flexi Cap Fund, the largest flexi-cap mutual fund based on assets under management, holds Rs. 87,539.41 crore as of Dec 31, 2024. The expense ratio of the fund is 1.33 percent for the Regular plan as of Jan 23, 2025
The fund has an exit load of 2 percent for units redeemed within 365 days, and 1 percent for units redeemed after 365 days but on or before 730 days, for amounts above 10 percent of the investment. It is currently trading at an NAV of 79.32 as of February 14, 2025.
The stocks in which they have increased their stake
HDFC Bank is a leading private-sector bank in India, offering a wide range of financial services including retail banking, wholesale banking, and treasury operations. It is known for its strong customer service and extensive branch network across the country.
As per sources, Parag Parikh Flexi Cap Fund has added around 31.28 lakh shares of HDFC Bank to its portfolio, making it 8.11 percent of the total assets, with a total of 4.28 crore shares as of January 31, 2025.
Coal India Limited is a state-owned coal mining company in India and the largest coal producer in the world. It specializes in the exploration, production, and marketing of coal, catering to the energy needs of the country.
As per sources, Parag Parikh Flexi Cap Fund has added around 81.29 lakh shares of Coal India Limited to its portfolio, bringing the total number of shares to 13.93 crores before the addition it holds around 5.76 percent stake in the company as of December.
Mahindra & Mahindra Limited is a prominent Indian multinational corporation specializing in the manufacturing of automobiles, including SUVs, saloon cars, vans, commercial vehicles, and two-wheelers. The company is also involved in aerospace, agribusiness, construction, defense, energy, hospitality, information technology, leisure and hospitality, and real estate.
As per sources, Parag Parikh Flexi Cap Fund has added around 35.34 lakh shares of Mahindra & Mahindra to its portfolio. Before the addition, it held around Rs. 1,743.26 crore worth of shares, which represented a 1.99 percent stake as of December.
Kotak Mahindra Bank Ltd is a diversified and integrated financial services conglomerate in India, offering services such as consumer banking, commercial banking, wholesale banking, insurance, and wealth management. The bank serves a broad customer base, including retail customers, small businesses, large corporations, financial institutions, and government entities.
As per sources, Parag Parikh Flexi Cap Fund has added around 30.36 lakh shares of Kotak Mahindra Bank to its portfolio. Before the addition, it held around Rs. 2,985.66 crore worth of shares, which represented a 3.41 percent stake as of December.
Additionally, as per sources, the company has increased its stake in other companies such as Cipla Ltd, Dr. Reddy’s Laboratories, ICICI Bank, and Narayana Hrudayalaya.
Written by Sridhar J
