Parag Parikh Flexi Cap Fund Adds HDFC Bank, Kotak Bank & More in March 2026

Parag Parikh Flexi Cap Fund increased its exposure to HDFC Bank by purchasing nearly 2.33 crore shares in March. As of February 2026, the fund already held 12.40 crore shares of HDFC Bank.

Other Key Portfolio Additions

Apart from HDFC Bank, the fund also made notable additions across several stocks. The highest addition was seen in Kotak Mahindra Bank, where 2.35 crore shares were added, taking total holdings to 14.66 crore shares.

Other additions included 1.33 crore shares of Coal India, along with smaller increases in Infosys and ICICI Bank. The fund also raised exposure in companies such as Cipla, CMS Info Systems, HCL Technologies, Indraprastha Gas, Mahanagar Gas, M&M, Maruti Suzuki India, Power Grid Corporation of India, and Zydus Wellness.

Reduction and Unchanged Holdings

The fund reduced its exposure in only one stock, Balkrishna Industries, by selling 6.31 lakh shares. Its holding declined to about 22.74 lakh shares in March.

Meanwhile, exposure in 16 stocks remained unchanged, including Axis Bank, Bajaj Holdings & Investment, Bharti Airtel, CDSL, and Indian Energy Exchange. The total number of stocks in the portfolio remained steady at 33, spread across 21 sectors.

Sector Allocation and AUM

Banking continued to dominate the portfolio, accounting for around 20.01% of total allocation. HDFC Bank remained the top holding with a weight of ~7.96%, followed by Power Grid Corporation of India at 7.16%.

As of March 31, 2026, the fund’s assets under management stood at ₹1.28 lakh crore. The portfolio allocation was largely tilted towards large-cap stocks at 62.52%, with smaller exposure to mid caps, small caps, and other assets.

Performance Overview

Since its inception in May 2013, the fund has delivered a CAGR of 17.78%. Over the last three and five years, it has generated returns of 17.87% and 15.86%, respectively, reflecting consistent long-term performance.

Also Read: Axis Mutual Fund Introduces Nifty India Defence Index Fund, NFO Opens April 10, 2026!

Conclusion

The portfolio changes in March highlight the fund’s strategy of increasing exposure to high-conviction banking stocks during market corrections. With a diversified portfolio and strong long-term track record, the fund continues to focus on disciplined investing and value creation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.