Parag Parikh Flexi Cap Fund Exits One Stock, Raises Holdings in Realty Stock From 0.64% to 2.45% in September
Parag Parikh Flexi Cap Fund is an actively managed equity mutual fund that invests across large-cap, mid-cap and small-cap companies. The fund has a minimum monthly SIP investment of ₹1,000 and its primary benchmark is the NIFTY 500 Total Return Index (TRI). As of September 30, 2026, the fund managed assets worth ₹1,45,070.50 crore.
In terms of performance, the direct plan delivered a return of -3.54% over the past year, underperforming the NIFTY 500 TRI, which declined by 2.03%. However, the fund outperformed its benchmark over the three-year and five-year periods, recording annualised returns of 12.21% and 11.15%, respectively, compared with 9.50% and 9.04% for the benchmark. Since inception, the fund has generated a return of 17.76%, ahead of the benchmark's 13.56%.
Parag Parikh Flexi Cap Fund Exits Great Eastern Shipping Company
Parag Parikh Flexi Cap Fund completely exited The Great Eastern Shipping Company in September 2026. The fund had sold approximately 9.31 lakh shares in August, reducing its holding from 22.05 lakh shares to 12.74 lakh shares, before exiting the remaining position in September. The fund's reason for exiting the stock was not disclosed in its portfolio report. The move marks the completion of a gradual reduction in its exposure to the shipping company.
Parag Parikh Flexi Cap Fund Increases Holdings in 13 Stocks
DLF holding
August 2026
September 2026
Shares held
137.10 lakh
527.73 lakh
Shares added
-
390.64 lakh
Portfolio allocation
0.64%
2.45%
Source: PPFAS September 2026 Factsheet, August 2026 Factsheet
Parag Parikh Flexi Cap Fund did not add any new stocks to its portfolio in September 2026 but increased its holdings in 13 existing stocks, with DLF witnessing the most significant addition by share quantity. The fund increased its holding in DLF from 137.10 lakh shares in August to 527.73 lakh shares in September, adding approximately 390.64 lakh shares. Consequently, DLF's portfolio allocation rose from 0.64% to 2.45%. The increase represents a substantial expansion of the fund's exposure to the real estate sector through DLF. However, the fund has not disclosed whether the decision was driven by valuations, earnings expectations or other considerations.
Holdings of Parag Parikh Flexi Cap Mutual Fund
Stock
August holding (lakh shares)
September holding (lakh shares)
Increase (lakh shares)
Petronet LNG
234.04
303.89
69.85
Indus Towers
8.66
71.46
62.80
Indraprastha Gas
1,150.20
1,212.87
62.67
Mahindra & Mahindra
178.45
191.22
12.77
Bharti Airtel
227.72
240.31
12.59
CIE Automotive India
58.98
65.39
6.41
Mahanagar Gas
34.39
39.65
5.26
EID Parry India
105.38
109.08
3.70
Nesco
1.94
3.59
1.65
Bajaj Holdings & Investment
65.02
66.65
1.62
Dr. Reddy's Laboratories
143.00
144.58
1.58
Maharashtra Scooters
1.10
1.13
0.02
Source: PPFAS September 2026 Factsheet, August 2026 Factsheet
Also read: Edelweiss Mutual Fund Suspends SIPs and STP in 7 Schemes: Can Investing in GIFT City Funds Offer an Alternative?
The September portfolio changes provide investors with insight into how Parag Parikh Flexi Cap Fund is adjusting its existing investments. The significant increase in DLF highlights a larger allocation to the real estate company, while the exit from Great Eastern Shipping marks the fund's complete withdrawal from the stock. However, these changes alone do not establish the fund manager's rationale or indicate how the stocks will perform in the future.
Parag Parikh Flexi Cap Fund's top holdings span multiple sectors, with financial services featuring prominently. HDFC Bank, ICICI Bank and Kotak Mahindra Bank represent its banking exposure, while Bajaj Holdings & Investment adds exposure to the financial sector. Other major holdings include Power Grid Corporation of India in the power sector, ITC in diversified FMCG, Coal India in consumable fuels, and HCL Technologies and Infosys in IT services.
The portfolio also has exposure to automobiles through Mahindra & Mahindra and telecommunications through Bharti Airtel. This mix provides exposure to several areas of the Indian economy, although the fund's overall sector allocation must be assessed using the complete portfolio rather than its top holdings alone.
The September 2026 portfolio changes highlight Parag Parikh Flexi Cap Fund’s increased exposure to DLF and its complete exit from Great Eastern Shipping. DLF’s allocation rose from 0.64% to 2.45% of the fund’s portfolio, making it one of the most significant changes in the month’s holdings.