Parag Parikh Flexi Cap Fund Boosts Investment in Coal India & Other Stocks

The Parag Parikh Flexi Cap Fund, which is the biggest flexi cap fund in terms of money managed, has decided to invest more in Coal India and seven other companies this February. They bought 33.01 lakh (3.3 million) more shares of Coal India, increasing their total to 14.26 crore (142.6 million) shares compared to 13.93 crore (139.3 million) in January. They also added 79.21 lakh shares of PGCIL and 26.20 lakh shares of Zydus Lifesciences.

The fund also increased its investment in companies like Dr. Reddy’s Laboratories, ITC, Cipla, Mahindra & Mahindra, and EID Parry India this month. However, they sold some shares too, including 3.19 lakh shares of IPCA Laboratories, 84,417 shares of the Multi Commodity Exchange of India, and 10,442 shares of ICRA.

The fund kept its investments in 16 other companies the same, such as Axis Bank, HCL Technologies, and HDFC Bank. There were no new investments made in February, and they didn’t completely sell any stocks either. The fund has 27 different stocks in total.

Parag Parikh Flexi Cap Fund (PPFCF) can invest at least 65% of its money in Indian stocks and up to 35% in international stocks and bonds. The fund managers look for good companies to invest in based on their management quality, sector performance, and growth potential.

As of now, the fund has ₹88,004 crores in total assets. There’s a minimum investment requirement of ₹1,000 for anyone wanting to invest. The fund is focused on picking good companies rather than worrying too much about the overall economy. They currently hold about 22.73% in cash and other short-term investments which can be used for bigger long-term opportunities.

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