How Parag Parikh Flexi Cap Fund managers tweaked their equity portfolio in May 2026

Parag Parikh Flexi Cap Fund is the largest equity scheme, with AUM worth over ₹1.4 lakh crore as of May 31, 2026. The scheme's portfolio for the last month (May 2026) shows the fund managers were on a stock-shopping spree, adding multiple new shares to the portfolio.

This article highlights how the fund managers adjusted the scheme's equity portfolio in May.

New shares

Parag Parikh Flexi Cap Fund purchased several new shares like Bajaj Finance, ONGC, Tata Steel, Eternal, DLF, HAL, and SBI.

Existing portfolio changes

The fund managers did not move any shares out of the portfolio, but they sold and purchased some existing shares. For instance, the flexi-cap fund's holding in Bharat Electronics increased by 937% in terms of number of shares. The scheme fund now holds 517,275 shares of BEL.

The fund managers also increased the number of shares of CMS Infosystems, HCL, Hindalco, India Energy Exchange, ICICI Bank, Swaraj Engines, Zydus Lifesciences and others. The flexi-cap fund’s holdings in Indraprastha Gas Limited and Mahanagar Gas Limited.

The fund managers increased (or decreased) the number of following shares in the scheme's portfolio in May 2026: Here is your data formatted into a clean, structured table:

The scheme reduced its holdings in Cipla by selling 3,24,375 shares of the company.

As of May 31, 2026, the scheme’s AUM was approximately ₹1.4 lakh crore. The scheme had 81.87% allocation to equity, followed by 9.48% in debt and 8.72% in others (including cash).

In Q4 FY 2025–26, the scheme delivered a negative return of 10.12%, while in the last three months it delivered -1.16% returns, underperforming the benchmark by 1.61%.