Parag Parikh Flexi Cap Fund Boosts Stake in Coal India and ITC

Parag Parikh Flexi Cap Fund, one of India's largest flexi cap funds, has increased its holdings in Coal India and ITC, among other stocks, in February. The fund also added stakes in Power Grid Corporation of India, Zydus Lifesciences, Dr. Reddy’s Laboratories, Cipla, and Mahindra & Mahindra. Conversely, it reduced its exposure to IPCA Laboratories and Multi Commodity Exchange of India. This strategic move reflects the fund's adaptability in the market, focusing on sectors with potential for growth. The fund's assets under management stand at Rs 88,004 crore, with a diverse portfolio that includes major financial and energy stocks.

 

Source: Economic Times, Groww, Tickertape