PPFAS Flexi Cap Fund Makes February Portfolio Adjustments

Parag Parikh Flexi Cap Fund Portfolio Update

Key Statistics:

• Assets Under Management (AUM): ₹1.34 lakh crore
• Domestic Equity Holdings: 66%
• Foreign Equity Holdings: 10.5%
• Cash Holdings: 20%

Additions:

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• Mahanagar Gas: ₹3,045 shares (0.01% of AUM) - 16% gain in the month
• Indraprastha Gas: ₹2.86 lakh shares (0.19% of AUM) - 1.3% decline in the month

Complete Exits:

• Multi Commodity Exchange of India: sold 7.95 lakh shares (0.18% of portfolio)

Exposure Trimmed in Select Holdings:

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• Balkrishna Industries: sold 12.83 lakh shares (1% of AUM)
• Dr. Reddy’s Laboratories: reduced 3.13 lakh shares (2.5% of portfolio)
• Power Grid Corporation of India: sold 22.51 lakh shares (6.9% of portfolio)

Incremental Buying in Existing Holdings:

• ITC
• HDFC Bank
• Infosys
• Tata Consultancy Services

Portfolio Positioning:

• Banks: 20% of holdings
• Power: significant exposure
• IT Software: significant exposure
• Automobiles: significant exposure
• Consumer Businesses: significant exposure

Top Holdings:

• HDFC Bank Limited: 7.73% weight in portfolio
• Power Grid Corporation of India Limited: 6.92% weight in portfolio
• Coal India Limited: 5.18% weight in portfolio
• ICICI Bank Limited: 5.07% weight in portfolio
• ITC Limited: 5.04% weight in portfolio
• Bajaj Holdings & Investment Limited: 4.85% weight in portfolio
• Alphabet Inc: 3.99% weight in portfolio