Parag Parikh Flexi Cap Fund reduced stake in RIL, BHEL, added more of ITC in June
Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, has reduced its stake in Reliance Industries, Bharat Heavy Electricals from its portfolio in June. On the other hand, it added more of ITC to its portfolio.
The largest flexi cap fund sold around 12.33 lakh shares of Motilal Oswal Financial Services, 3.14 lakh shares of UTI AMC, 1.30 lakh shares of TCS and 92,750 shares of Hindustan Copper in June.
The fund sold 78,750 shares of Bharat Heavy Electricals and 45,000 shares of IndusInd Bank from its June portfolio. The fund reduced its stake in Tech Mahindra and Reliance Industries by selling around 18,600 and 16,500 shares respectively in June.
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Around 9,800 shares were sold of Mahindra & Mahindra from the portfolio in June. The flexi cap fund sold 3,300 and 1,575 shares of HDFC Life Insurance and Titan Company respectively. It also sold 1,300 shares of UltraTech Cement in June.
Around 83 lakh shares of ITC were added to the portfolio in June. This flexi cap fund also added 39.20 lakh shares of Coal India and 16.68 lakh shares of ICICI Bank in June. Around 14.16 lakh shares of Indraprastha Gas were added to the portfolio. The largest flexi cap fund added 2.13 lakh shares of Maruti Suzuki and 1.70 lakh shares of Kotak Mahindra Bank to its June portfolio.
The fund added more shares
