Parag Parikh Flexi Cap Cuts Overseas Exposure to 10.07%, Exits Meta and Adds Netflix

Key Takeaways

• Parag Parikh Flexi Cap Fund reduced overseas equity exposure from 11.90% in September to 10.07% in October 2026.
• Meta Platforms was completely exited, while Netflix entered the portfolio with a 3.06% allocation.
• Indian core equity exposure increased from 72.06% to 75.25% during the month.

Parag Parikh Flexi Cap Fund made a sizeable reshuffle in its overseas equity portfolio during October 2026, exiting Meta Platforms, introducing Netflix and reducing its exposure to Microsoft.

The fund's total overseas equity allocation fell from 11.90% of the portfolio in September to 10.07% in October. At the same time, its Indian core equity allocation increased from 72.06% to 75.25%, according to the fund's October portfolio data. The scheme's reported size was around ₹1.47 lakh crore.

Meta, which accounted for 2.83% of the portfolio in September, was completely removed during October. Netflix entered with a 3.06% allocation, making it the fund's second-largest overseas holding after Alphabet.

Microsoft's portfolio weight declined from 2.48% to 1.42%. Alphabet's share fell from 4.29% to 3.42%, while Amazon's allocation eased from 2.30% to 2.17%. Changes in portfolio weights can reflect both transactions and movements in the market values of individual securities, so a decline in weight does not necessarily indicate an equivalent percentage of shares was sold.

The fund also continued building selected domestic positions. DLF's portfolio weight, for example, increased from 0.64% in August to 2.45% in September and 3.36% in October.

The overseas changes took place during a volatile month for several US technology stocks. However, the fund house has not stated that the Meta exit or Netflix purchase was directly caused by October's technology-market correction. The portfolio disclosure therefore establishes what changed, but not necessarily the investment rationale behind each transaction.

For investors tracking the scheme, the October portfolio shows a clear numerical shift: less overall overseas exposure and a larger share of assets allocated to Indian equities.