Parag Parikh Flexi Cap Fund Raises Stakes in ITC, Power Grid; Adds Indus Towers and TCS

In November, Parag Parikh Flexi Cap Fund expanded its portfolio by increasing holdings in 12 companies, including ITC and Power Grid Corporation. In the same month, it introduced Indus Towers and Tata Consultancy Services (TCS) as new entries, continuing its strategy of company-specific long-term investment allocations. 

Fund Adds TCS and Indus Towers, Boosts ITC and Power Grid Holdings 

The fund added 59.66 lakh shares of ITC in November, raising its total holding to 14.47 crore shares from 13.87 crore in October. Power Grid Corporation saw the highest addition with 2.23 crore shares added during the same period. Additionally, the fund included 83.15 lakh shares of Infosys and 20.13 lakh shares of ICICI Bank. 

The portfolio witnessed the entry of 2 new companies Indus Towers and TCS. The fund added 7.10 lakh shares of Indus Towers and 28.11 lakh shares of TCS, making them fresh entrants for the month. 

Existing Holdings Strengthened Across Key Sectors 

The fund also increased stake in nine other companies, including Cipla, Dr Reddy’s Laboratories, HCL Technologies, ICICI Bank, Kotak Mahindra Bank, Maruti Suzuki India, and Zydus Lifesciences. This move indicates continued interest in the pharmaceutical, IT and financial services sectors. 

Furthermore, the exposure in 15 stocks remained unchanged. These included Axis Bank, Bajaj Holdings & Investment, Balkrishna Industries, Bharti Airtel, CDSL, Coal India, ICRA, Indian Energy Exchange, Maharashtra Scooters, Mahindra & Mahindra, MCX, Narayana Hrudayalaya, Nesco, Swaraj Engines and Zydus Wellness. 

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Portfolio Expansion and Allocation Adjustments 

By November, the total number of stocks in the fund’s portfolio increased to 29 from 27 in October. The fund slightly lowered its cash levels from 25.31% in October to 24.04% in November. These funds remain parked in debt instruments, money market securities and arbitrage opportunities, pending deployment into core equity assets. 

The total assets under management (AUM) of the Parag Parikh Flexi Cap Fund stood at ₹1,29,000 crore as of November 28, 2025. The fund continues to follow its strategy of selecting companies on the basis of business strength, sector quality, management, and valuations. 

Conclusion 

In November 2025, Parag Parikh Flexi Cap Fund added 2 new stocks and raised stakes in 12 others, including major names like ITC and Power Grid. No exits were reported, with holdings in 15 companies remaining stable. 

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.