Parag Parikh Flexi Cap adds CIE Automotive, CMS Info Systems in January; ups stake in TCS, ITC

The contracts will expire on the last Thursday of each expiry month, in line with the standard derivatives expiry cycle in Indian markets.

• Parag Parikh Flexi Cap Fund added two new stocks in January
• Fund increased stakes in TCS, HCL Tech, ITC, Cipla, Bajaj Holdings
• Cash levels fell to 18%, equity exposure rose to 68%

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The Rajeev Thakkar managed Parag Parikh Flexi Cap Fund added two new stocks to its portfolio in January, increased exposure to large-cap IT companies, and reduced cash holdings during the month of January as per latest portfolio disclosures. As of the end of January, the fund has an AUM of Rs 1.34 lakh crore, up from Rs 1.32 lakh crore in December 2025.  Asset allocation data showed cash levels declined to 18% in January from 20.2% in December. Long equity exposure increased to 68% from 67.3% a month earlier.

Increases during the month

The fund increased its holding in Tata Consultancy Services to 2.0% of net assets in January from 1.1% in December, adding 38.11 lakh shares during the month. It also raised its stake in HCL Technologies Limited to 3.0% from 2.6%, purchasing an additional 21.44 lakh shares. The buying comes at a time when IT stocks have been under pressure due to concerns over global macro uncertainty and slower discretionary technology spending, suggesting the fund may be using the correction to accumulate quality names.

Beyond IT, the fund increased its exposure to ITC Limited to 5.1% from 4.5%, adding 6.13 crore shares. Its holding in The Great Eastern Shipping Company Limited rose to 0.2% from 0.1% with an addition of 5.48 lakh shares, while EID Parry India Limited remained at 0.5%, with 1.82 lakh shares added. The fund also increased its stake in Cipla Limited to 1.3%, adding 25.24 lakh shares, and in Bajaj Holdings & Investment Limited to 4.8% from 4.5%, with 6.10 lakh shares added.

During the month, the fund introduced two new stocks, CIE Automotive India Limited and CMS Info Systems Limited, with allocations of 0.01% of net assets each.

A stock split in January 2026 drove the sharp 400% rise in the quantity of Kotak Mahindra Bank, while its portfolio weight declined to 3.8% in January from 4.1% in December, indicating no significant fresh buying. International equity allocation rose to 11.7% from 11.1%.

On the reduction side, the fund trimmed its holdings in Coal India and Multi Commodity Exchange of India Limited.

The top holdings of the Parag Parikh Flexi Cap Fund remained concentrated in large-cap financials and defensives. HDFC Bank Limited was the single-largest holding at 8.04% of net assets, followed by Power Grid Corporation of India Limited at 6%. Coal India Limited accounted for 5.26%, while ITC Limited made up 5.05% of the portfolio while ICICI Bank Limited rounded out the top five holdings with a 4.99% allocation.