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Parag Parikh Flexi Cap Fund adds Mahanagar Gas, IGL in February; check latest portfolio holdings
4 min read | Updated on March 11, 2026, 13:23 IST
SUMMARY
PPFAS Flexi Cap fund has completely exited MCX stock by selling 7.95 lakh shares of the company in February month. The fund added Mahanagar Gas and Indraprastha Gas in its portfolio.
Mahanagar Gas shares are down over 7.5%, while Indraprastha Gas has declined over 16%.
Parag Parikh Financial Advisory Services (PPFAS) has announced its latest portfolio holdings. The company’s flagship scheme Parag Parikh Flexi Cap Fund, which is the largest actively managed mutual fund scheme, with total asset under management (AUM) of ₹1.34 lakh crore has made some changes in its portfolio holdings.
New addition to the portfolio
PPFAS Flexi Cap fund added two new stocks from the City gas distribution (CGD) segment to its portfolio. The scheme added 2.86 lakh shares of Indraprastha Gas (IGL) and 3,045 shares of Mahanagar Gas (MGL). Both companies are engaged in business of city gas distribution (CGD) supplying natural gas in Mumbai, National Capital Territory of Delhi and other cities.
So far this year, shares of Mahanagar Gas are down over 7.5%, while Indraprastha Gas has declined over 16%. Both stocks are highly volatile in the last one week following global gas supply disruption concern amid ongoing Middle East crisis.
Complete exit from MCX shares
PPFAS Flexi Cap fund has completely exited the commodity exchange operator Multi Commodity Exchange of India (MCX) in February by selling 7.95 lakh shares from the portfolio. MCX shares have risen over 15% so far this year and trades close to its 52-week high of ₹2,705 apiece.
Stake reduced in portfolio stocks
The mutual fund has trimmed its holding in some of its portfolio stocks including Balkrishna Industries, Dr Reddy’s Laboratories, and Power Grid Corporation of India. PPFAS Flexi Cap fund sold around 12.83 lakh shares of Balkrishna Industries, 3.13 lakh shares of Dr Reddy’s Laboratories, and 22.51 lakh shares of Power Grid Corporation of India.
Domestic equity holdings as of February 28, 2026
| Stock Holdings | % to Net Assets |
|---|---|
| HDFC Bank Limited | 8.04% |
| Power Grid Corporation of India Limited | 6.00% |
| Coal India Limited | 5.26% |
| ITC Limited | 5.05% |
| ICICI Bank Limited | 4.99% |
| Bajaj Holdings & Investment Limited | 4.82% |
| Kotak Mahindra Bank Limited | 3.75% |
| Mahindra & Mahindra Limited | 3.58% |
| Axis Bank Limited | 3.40% |
| Bharti Airtel Limited | 3.11% |
| Maruti Suzuki India Limited | 3.03% |
| HCL Technologies Limited | 2.97% |
| Infosys Limited | 2.02% |
| Tata Consultancy Services Limited | 1.97% |
| Dr. Reddy's Laboratories Limited | 1.28% |
| Cipla Limited | 1.25% |
| Zydus Lifesciences Limited | 1.24% |
| Indian Energy Exchange Limited | 0.76% |
| Zydus Wellness Limited | 0.74% |
| Balkrishna Industries Limited | 0.72% |
| EID Parry India Limited | 0.51% |
| Narayana Hrudayalaya Limited | 0.26% |
| Central Depository Services (India) | 0.22% |
| The Great Eastern Shipping Company Limited | 0.20% |
| Multi Commodity Exchange of India Limited | 0.15% |
| ICRA Limited | 0.14% |
| Maharashtra Scooters Limited | 0.08% |
| Indus Towers Limited | 0.02% |
| CIE Automotive India Limited | 0.01% |
| Nesco Limited | 0.01% |
| Swaraj Engines Limited | 0.01% |
| CMS Info System Limited | 0.00% |
PPFAS Flexi Cap fund manages ₹1.34 lakh crore in assets of which around 65.98% are in domestic equity holdings, around 10.51% in foreign equity holdings, 3.52% in REITs and remaining funds are in cash and cash equivalent. The Net Asset Value (NAV) of the direct plan is 90.428 as on March 10 closing.
In the last one month, PPFAS Flexi Cap fund return has declined by 3.6% amid volatility in broader markets. However, the fund return continus to remain higher on 1 year and 3-year basis.
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