India's largest mutual fund scheme by assets under management, Parag Parikh Flexi Cap Fund, disclosed its August 2026 portfolio showing significant changes across multiple holdings. According to reports from Mint, the fund's AUM stood at ₹1,48,429 crore in July 2026, which declined to ₹147,404.5 crore in August 2026. Since its inception on 24 May 2013, the fund has delivered an 18.07% return, outperforming the 14.16% return generated by the Nifty 500 TRI. However, its performance over the last 1 year has been weaker, with the fund declining 0.32% between 29 August 2025 and 31 August 2026, compared with a 5.31% gain for the Nifty 500 TRI.
The fund made two significant additions in August 2026, with Knowledge Realty Trust being the larger position at 2.09% of AUM with 2,784.39 lakh shares. DLF accounted for approximately 0.64% of AUM with 137.1 lakh shares. At the same time, the fund completely exited Mindspace Business Parks REIT, which had 870,684 shares in July and represented around 0.03% of AUM. As reported by Mint, these changes indicate continued portfolio activity across financials, energy, gas, automobiles, and real estate sectors.
The fund made notable additions to 10 existing positions in August 2026, with the largest increase being in Indraprastha Gas, where it added more than 95.5 lakh shares. According to the PPFCF Monthly Portfolio Report, HDFC Bank saw a sizeable addition of 90.02 lakh shares, taking the fund's holding to nearly 1,587.29 lakh shares. Petronet LNG and Coal India also saw notable buying, while CIE Automotive India increased its position by 50.95 lakh shares and Mahanagar Gas added 14.95 lakh shares. The biggest increases were concentrated in gas, banking, power, energy, and auto-related companies.
Despite the portfolio changes, HDFC Bank remained the fund's largest stock holding in August, accounting for 7.63% of AUM. As reported by Mint, ICICI Bank followed at 5.67%, while Power Grid Corporation of India and ITC accounted for 5.58% and 5.26% respectively. The fund reduced its position in The Great Eastern Shipping Company, cutting its holding by about 9.31 lakh shares from 22.05 lakh shares to 12.74 lakh shares. Other notable reductions included Bajaj Holdings & Investment and Nesco, while the fund retained a smaller position in Great Eastern Shipping.
