Parag Parikh Flexi Cap Fund

PPFAS Mutual FundEquityPortfolio as of 31 July 2026

Parag Parikh Flexi Cap Fund holds 121 instruments (87.37% equity), led by HDFC Bank Limited (7.55%), Power Grid Corporation of India Limited (5.98%) and ITC Limited (5.74%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

121

Equity Allocation

87.37%

AMC

PPFAS Mutual Fund

Portfolio Analysis

Parag Parikh Flexi Cap Fund's top 10 holdings account for 51.02% of its portfolio, more concentrated than the Equity category average of 37.5%. Financial Services is its largest sector exposure at 26.64% of net assets, spread across 12 sectors in total. Since its 30 June 2026 disclosure, the fund added 0 new positions and exited 0 positions, with HCL Technologies Limited seeing the largest move (+0.79pp to 4.23%).

Top 10 Equity Holdings

HDFC Bank Limited · 7.55%Power Grid Corporation of India Limited · 5.98%ITC Limited · 5.74%ICICI Bank Limited · 5.56%Coal India Limited · 4.91%Bajaj Holdings & Investment Limited · 4.85%ALPHABET INC-CL A · 4.33%HCL Technologies Limited · 4.23%Kotak Mahindra Bank Limited · 4.07%Mahindra & Mahindra Limited · 3.8%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

7 increased8 reduced

Biggest Weight Increases

Stock	Weight	Change
HCL Technologies Limited	3.44% → 4.23%	▲ +0.79
MICROSOFT CORP	1.81% → 2.19%	▲ +0.38
Tata Consultancy Services Limited	2.51% → 2.82%	▲ +0.31
Infosys Limited	2.98% → 3.25%	▲ +0.27
Mahindra & Mahindra Limited	3.56% → 3.8%	▲ +0.24
AMAZON.COM INC	2.19% → 2.43%	▲ +0.24
Bajaj Holdings & Investment Limited	4.63% → 4.85%	▲ +0.22

Biggest Weight Reductions

Stock	Weight	Change
HDFC Bank Limited	8.33% → 7.55%	▼ -0.78
Coal India Limited	5.35% → 4.91%	▼ -0.44
Axis Bank Limited	3.16% → 2.79%	▼ -0.37
ITC Limited	6.07% → 5.74%	▼ -0.33
Power Grid Corporation of India Limited	6.23% → 5.98%	▼ -0.25
Dr. Reddy's Laboratories Limited	1.27% → 1.11%	▼ -0.16
Kotak Mahindra Bank Limited	4.23% → 4.07%	▼ -0.16
ALPHABET INC-CL A	4.46% → 4.33%	▼ -0.13

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

HDFC Bank Limited

7.55%

Power Grid Corporation of India Limited

5.98%

ITC Limited

5.74%

ICICI Bank Limited

5.56%

Coal India Limited

4.91%

Full Portfolio (121 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	7.55%
2	Power Grid Corporation of India Limited	Utilities	5.98%
3	ITC Limited	Consumer Staples	5.74%
4	ICICI Bank Limited	Financial Services	5.56%
5	Coal India Limited	Energy	4.91%
6	Bajaj Holdings & Investment Limited	Financial Services	4.85%
7	TRP_030826other	—	4.39%
8	ALPHABET INC-CL A	Consumer Discretionary	4.33%
9	HCL Technologies Limited	Information Technology	4.23%
10	Kotak Mahindra Bank Limited	Financial Services	4.07%
11	Mahindra & Mahindra Limited	Consumer Discretionary	3.8%
12	Infosys Limited	Information Technology	3.25%
13	Bharti Airtel Limited	Telecommunication	3.03%
14	Tata Consultancy Services Limited	Information Technology	2.82%
15	Maruti Suzuki India Limited	Consumer Discretionary	2.79%
16	Axis Bank Limited	Financial Services	2.79%
17	EMBASSY OFFICE PARKS REIT	Real Estate	2.46%
18	AMAZON.COM INC	Consumer Discretionary	2.43%
19	MICROSOFT CORP	Information Technology	2.19%
20	META PLATFORMS INC-CLASS A	Consumer Discretionary	2.12%
21	BROOKFIELD INDIA REAL ESTATE	Real Estate	1.59%
22	Zydus Lifesciences Limited	Healthcare	1.46%
23	Cipla Limited	Healthcare	1.42%
24	Dr. Reddy's Laboratories Limited	Healthcare	1.11%
25	Indraprastha Gas Limited	Utilities	1.08%
26	Parag Parikh Liquid Fund- Direct Plan- Growthmf	—	0.89%
27	Zydus Wellness Limited	Consumer Staples	0.86%
28	Indian Energy Exchange Limited	Financial Services	0.75%
29	EID Parry India Limited	Consumer Staples	0.54%
30	Axis Bank Limited CD (MD )bond	—	0.42%
31	Bajaj Finance Limited	Financial Services	0.41%
32	Reliance Industries Limited	Energy	0.36%
33	Kotak Mahindra Bank Ltd. (MD )bond	—	0.33%
34	Bharat Petroleum Corporation Limitedbond	—	0.33%
35	Canara Bank 2026bond	—	0.3%
36	Export Import Bank of Indiabond	—	0.3%
37	Petronet LNG Limited	Utilities	0.29%
38	Narayana Hrudayalaya Ltd.	Healthcare	0.27%
39	National Bank For Agriculture and Rural Developmentbond	—	0.27%
40	Export Import Bank of Indiabond	—	0.27%
41	Canara Bank 2026bond	—	0.26%
42	HDFC Bank Limitedbond	—	0.25%
43	Kotak Mahindra Bank Limitedbond	—	0.23%
44	364 Days Treasury Billstbill	—	0.23%
45	Central Depository Services (India) Limited	Financial Services	0.2%
46	The Great Eastern Shipping Company Limited	Services	0.2%
47	Small Industries Development Bank of India (MD )bond	—	0.2%
48	Small Industries Development Bank Of Indiabond	—	0.2%
49	Indian Bank 2026bond	—	0.2%
50	Indian Bank (MD )bond	—	0.2%
51	Net Receivables / (Payables)other	—	0.18%
52	CMS Info Systems Limited	Industrials	0.17%
53	Axis Bank Limitedbond	—	0.17%
54	Bank of Barodabond	—	0.17%
55	National Bank For Agriculture and Rural Developmentbond	—	0.16%
56	Mahanagar Gas Limited	Utilities	0.15%
57	National Bank For Agriculture and Rural Developmentbond	—	0.15%
58	Sun Pharmaceutical Industries Limited	Healthcare	0.13%
59	Bank of Barodabond	—	0.13%
60	Kotak Mahindra Bank Limited 2027bond	—	0.13%
61	ICICI Bank Limitedbond	—	0.13%
62	Hindustan Petroleum Corporation Limitedbond	—	0.13%
63	REC Limitedbond	—	0.13%
64	Bajaj Finance Limitedbond	—	0.13%
65	364 Days Treasury Billtbill	—	0.13%
66	ETERNAL LIMITED	Consumer Discretionary	0.12%
67	Bank of Baroda (MD )bond	—	0.12%
68	Hindustan Aeronautics Limited	Industrials	0.11%
69	Titan Company Limited	Consumer Discretionary	0.11%
70	Small Industries Dev Bank of Indiabond	—	0.11%
71	Bank Of Barodabond	—	0.1%
72	National Bank For Agriculture and Rural Developmentbond	—	0.1%
73	National Bank For Agriculture and Rural Developmentbond	—	0.1%
74	Hindustan Petroleum Corporation Limitedbond	—	0.1%
75	Export Import Bank of Indiabond	—	0.1%
76	ICRA Limited	Financial Services	0.09%
77	Maharashtra Scooters Limited	Financial Services	0.09%
78	Canara Bank	Financial Services	0.09%
79	UltraTech Cement Limited	Materials	0.09%
80	State Bank of India	Financial Services	0.09%
81	Divi's Laboratories Limited	Healthcare	0.08%
82	NTPC Limitedbond	—	0.08%
83	Axis Bank Limitedbond	—	0.07%
84	Punjab National Bankbond	—	0.07%
85	HDFC Bank Limited 2026bond	—	0.07%
86	SMALL INDUST DEVLOP BANK OF INDIA - CDbond	—	0.07%
87	HDFC Bank Limitedbond	—	0.07%
88	HDFC Bank Limited 2027bond	—	0.07%
89	BANK OF BARODA CD REDbond	—	0.07%
90	Bank of Barodabond	—	0.07%
91	364 Days Treasury Billtbill	—	0.07%
92	Hindustan Unilever Limited	Consumer Staples	0.06%
93	Hindalco Industries Limited	Materials	0.06%
94	Oil & Natural Gas Corporation Limited	Energy	0.05%
95	Tata Steel Limited	Materials	0.05%
96	Bharat Electronics Limited	Industrials	0.04%
97	Grasim Industries Limited	Materials	0.04%
98	DLF Limited	Real Estate	0.03%
99	IndusInd Bank Limited	Financial Services	0.03%
100	Eicher Motors Limited	Consumer Discretionary	0.03%
101	TVS Motor Company Limited	Consumer Discretionary	0.03%
102	Bajaj Finserv Limited	Financial Services	0.03%
103	MINDSPACE BUSINESS PARKS REI	Real Estate	0.03%
104	Bank of Baroda 2026bond	—	0.03%
105	Axis Bank Limited 2026bond	—	0.03%
106	Punjab National Bank 2027bond	—	0.03%
107	Small Industries Development Bank of Indiabond	—	0.03%
108	Indus Towers Limited	Telecommunication	0.02%
109	CIE Automotive India Limited	Consumer Discretionary	0.02%
110	BSE Limited	Financial Services	0.02%
111	IDFC First Bank Limited	Financial Services	0.02%
112	Ashok Leyland Limited	Industrials	0.02%
113	HDFC Bank Limitedbond	—	0.02%
114	Bank of Barodabond	—	0.02%
115	ICICI Securities Limitedbond	—	0.02%
116	Swaraj Engines Limited	Industrials	0.01%
117	Nesco Limited	Industrials	0.01%
118	JSW Steel Limited	Materials	0.01%
119	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	0%
120	Lupin Limited	Healthcare	0%
121	JSW Energy Limited	Utilities	0%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 7.55% of Parag Parikh Flexi Cap Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, Power Grid Corporation of India Limited is 5.98% of Parag Parikh Flexi Cap Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, ITC Limited is 5.74% of Parag Parikh Flexi Cap Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 5.56% of Parag Parikh Flexi Cap Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Coal India Limited is 4.91% of Parag Parikh Flexi Cap Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: PPFAS Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.