Parag Parikh Flexi Cap Fund exits Meta, adds Netflix
In short
Parag Parikh Flexi Cap Fund made a big change to its portfolio in October. It sold Meta Platforms completely, bought Netflix, cut its holdings in Microsoft, Alphabet and Amazon, and increased Indian equities.
The shift changes how the portfolio is split.
What the reporting says
Parag Parikh Flexi Cap Fund exited Meta Platforms entirely and added Netflix as a new holding in October. The fund also reduced exposure to Microsoft, Alphabet and Amazon while increasing its allocation to Indian equities. The reshuffle marks a major change in the fund’s US portfolio mix and tilts more money toward domestic stocks.
Why it matters
Parag Parikh Flexi Cap Fund exited Meta Platforms, added Netflix, reduced exposure to Microsoft, Alphabet and Amazon, and increased its allocation to Indian equities in October. The move matters because it changes a large active fund’s US tech exposure and raises its domestic tilt. Investors may watch the allocation shift for cues on portfolio positioning and relative conviction in global versus Indian equities.