Parag Parikh Flexi Cap Fund Adds IGL, Mahanagar Gas; Exits MCX in February

The Parag Parikh Flexi Cap Fund, currently the largest actively managed flexi cap scheme in India by assets under management (AUM), saw a marginal rise in its corpus in February 2026.  

As per the news reports, the fund’s AUM stood at ₹1.34 lakh crore at the end of February, slightly higher than ₹1.33 lakh crore recorded in January. 

Portfolio Overview 

During the month, the fund held a total of 33 stocks in its portfolio, up from 32 in the previous month.  

The scheme is benchmarked against the NIFTY 500 Total Return Index (TRI) and is managed by a team including Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, Tejas Soman, Mansi Kariya, and Aishwarya Dhar. 

New Additions to the Portfolio 

In February, the fund introduced 2 new companies to its holdings: Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd.  

Around 2.86 lakh shares of Indraprastha Gas were added during the month. The fund also purchased 3,045 shares of Mahanagar Gas, marking fresh exposure to the city gas distribution segment. 

Complete Exit from MCX 

The fund also made a full exit from Multi Commodity Exchange of India Ltd (MCX) in February. A total of 7.95 lakh shares of the exchange operator were sold from the portfolio during the month, removing the stock entirely from its holdings. 

Reduction in Select Holdings 

Exposure was trimmed in 3 companies during the month. The fund sold approximately 12.83 lakh shares of Balkrishna Industries.  

It also offloaded around 3.13 lakh shares of Dr Reddy’s Laboratories and 22.51 lakh shares of Power Grid Corporation of India, reducing its stake in these stocks. 

Increase in Existing Positions 

At the same time, the fund increased its holdings in 15 companies. Among the stocks where exposure was raised were CIE Automotive India, Coal India, HCL Technologies, HDFC Bank, Infosys, ITC, Maruti Suzuki, Tata Consultancy Services (TCS), and Zydus Lifesciences. 

Holdings That Remained Unchanged 

The fund maintained its existing positions in 13 stocks during the month. These included ICICI Bank, ICRA, Mahindra & Mahindra (M&M), Bharti Airtel, Central Depository Services (India) Ltd (CDSL), Indian Energy Exchange (IEX), and Indus Towers. 

Conclusion 

Overall, February saw measured portfolio adjustments for the Parag Parikh Flexi Cap Fund, including new additions in gas distribution companies, a full exit from MCX, and selective changes across several existing holdings. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal 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 the related documents carefully before investing.