Parag Parikh Flexi Cap Fund Dec Update: Increases Stakes in ITC, HDFC Bank, Power Grid; Cuts Exposure in Infosys

Parag Parikh Flexi Cap Fund, one of the largest equity mutual funds in India, revised its portfolio in December by increasing its holdings in ITC, Power Grid Corporation, and HDFC Bank, while trimming down shares of Infosys.  

The fund also introduced a new stock, The Great Eastern Shipping Company, into its portfolio, bringing its total number of holdings from 29 in November to 30 in December 2025. 

Major Additions: ITC, Power Grid, and HDFC Bank Lead the List 

During December, Parag Parikh Flexi Cap Fund added approximately 39.28 lakh shares of ITC. 

At the same time, it made a notable move by adding 2.12 crore shares of Power Grid Corporation of India, increasing its total holding to 30.54 crore shares in the company. The fund also added 52 lakh shares of HDFC Bank and 40 lakh shares of ICICI Bank.  

In the pharmaceutical sector, nearly 2 lakh shares of Cipla were added to its portfolio. Further purchases included increasing stakes in EID Parry India, HCL Technologies, Kotak Mahindra Bank, Mahindra & Mahindra, TCS, and Zydus Lifesciences.  

These additions reflect the fund's ongoing diversification across key sectors including banking, energy, and healthcare. 

Read More: Top Fund Houses by AUM: 19 Fund Houses Manage Mutual Fund Assets Over ₹1 Lakh Crore Led by SBI MF! 

Trims in Infosys and New Entry of The Great Eastern Shipping Company 

Infosys witnessed a reduction of 12 lakh shares in December, with the fund’s overall holding decreasing from 1.76 crore shares in November to 1.64 crore shares by the end of December. 

Despite the decrease, the fund retains a significant stake in Infosys. No full exits were recorded during the month. The fund added the Great Eastern Shipping Company as a new holding by purchasing 16.57 lakh shares.  

Meanwhile, stakes in 17 companies such as Axis Bank, Bharti Airtel, and Maruti Suzuki India remained unchanged. 

Fund Size, Management and Investment Approach 

As of December 31, 2025, the fund's assets under management (AUM) stood at ₹1.29 lakh crore. It is benchmarked against the NIFTY 500 (TRI) and managed by a team including Rajeev Thakkar and Raunak Onkar.  

Banking remained the top sectoral allocation at 20.14%. The core investment strategy relies on long-term perspectives, focusing on company fundamentals such as return on capital, entry barriers, debt utilisation, and valuations. 

Approximately 24.04% of the portfolio was allocated to cash, debt, money market instruments, and arbitrage positions. 

Conclusion 

Parag Parikh Flexi Cap Fund made key changes in December by increasing exposure to ITC, Power Grid, and major banking stocks while lowering stakes in Infosys. Overall, the fund remained actively managed with a broad sector-wise allocation and strategic additions to its portfolio. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.