Stories
Parag Parikh Flexi Cap Fund Cuts Cash Holdings Below 10 Percent
- •Parag Parikh Flexi Cap Fund reduced its cash and cash-equivalent holdings from 18.94 percent in March to 9.77 percent in September.
- •The fund manager stated that cash levels are driven by market opportunities rather than overall market levels, utilizing recent price and time corrections.
- •New investments have been directed towards real estate, real estate investment trusts (REITs), and select oil and gas companies like Petronet LNG and Indraprastha Gas.
- •DLF emerged as the largest addition to core equity holdings, accounting for 1.81 percent of the assets under management by September.
- •Despite monthly inflows moderating from Rs 3,950 crore in March to Rs 900 crore in September, the fund's strategy remains unaffected as net inflows continue.
Key Questions Answered
The fund reduced its cash and cash-equivalent holdings from 18.94 percent in March 2026 to 9.77 percent in September 2026 by deploying money into new investment opportunities. According to the fund manager, this was driven by market corrections in select stocks and sectors rather than broad market levels.
The fund built positions in real estate, real estate investment trusts (REITs), and select oil and gas companies. DLF was added as the largest core equity holding addition, alongside oil and gas firms like Petronet LNG, Indraprastha Gas, and Mahanagar Gas, plus other additions such as Mahindra & Mahindra and Bharti Airtel.
Estimated monthly inflows moderated from around Rs 3,950 crore in March to approximately Rs 900 crore in September 2026. However, the fund manager stated that this shift has not impacted portfolio strategy because the fund still maintains net inflows.
