Parag Parikh Flexi Cap Fund Raises Exposure to ITC, TCS and 14 Stocks, Cuts Holdings in Coal India and MCX

The Parag Parikh Flexi Cap Fund has reshuffled its equity portfolio, increasing its stake in ITC, Tata Consultancy Services (TCS) and 14 other companies, while trimming exposure to Coal India and Multi Commodity Exchange of India (MCX), according to its latest portfolio disclosures.

During the period under review, the fund significantly raised its holding in ITC, reinforcing its conviction in the FMCG-to-hotels conglomerate amid steady cash flows and improving return ratios. Exposure to TCS was also increased, signalling continued confidence in large-cap IT services companies with strong balance sheets, global client diversification and consistent margins.

Apart from ITC and TCS, the fund enhanced its positions across a mix of banking, financial services, consumer-oriented and industrial names, reflecting a selective approach toward quality businesses with long-term growth visibility. The additions indicate a tilt toward relatively stable, cash-generating companies in an environment marked by market volatility and valuation dispersion.

On the other hand, the fund reduced its stake in Coal India, a key public sector energy major, and trimmed holdings in MCX, Asia’s largest commodity derivatives exchange. The reduction suggests a cautious stance on commodity-linked and cyclical businesses, particularly amid uncertainty over demand outlook, regulatory factors and earnings sustainability.

The fund also made selective exits and marginal reductions in a few other stocks to rebalance sectoral weights and manage risk. Portfolio adjustments were accompanied by disciplined allocation decisions aligned with the fund’s long-term, value-oriented investment philosophy.

Market participants note that the latest changes underline the Parag Parikh Flexi Cap Fund’s strategy of concentrating on fundamentally strong companies while actively pruning exposure where valuations or risk-reward dynamics appear less favourable. The fund continues to maintain a diversified portfolio across market capitalisations and sectors, with a focus on downside protection and long-term wealth creation.