PPFAS Mutual Fund Adds Petronet LNG, Cuts Stakes in Dr Reddy’s, Maruti Suzuki, Wipro

PPFAS Mutual Fund added Petronet LNG share price exposure to both its flagship Flexi Cap Fund and ELSS Fund during June, according to the fund house’s latest monthly portfolio disclosures. At the same time, it reduced holdings in Dr Reddy’s Laboratories, Maruti Suzuki India, Wipro and CMS Info Systems across the two schemes. No stock was completely removed from either portfolio during the month.

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Petronet LNG Added to Both Schemes

The ₹1.43 lakh crore PPFAS Flexi Cap Fund purchased 1 crore shares of Petronet LNG, giving the stock a portfolio weight of 0.2% at the end of June. The ₹5,600 crore PPFAS ELSS Fund also initiated a position by acquiring 2 lakh shares, with Petronet LNG share price accounting for 0.1% of the scheme’s portfolio.

June disclosures showed that Petronet LNG was the only fresh addition across both funds during the month.

Flexi Cap Fund Raises Exposure to Multiple Stocks

Apart from the new investment, the Flexi Cap Fund increased its holdings in Amazon.com, ITC, Bharti Airtel, HCL Technologies, Bajaj Holdings & Investment, Axis Bank, Mahindra & Mahindra, Kotak Mahindra Bank,

Indraprastha Gas, Cipla, Infosys, Mahanagar Gas, EID Parry India, CMS Info Systems, Tata Consultancy Services, Indian Energy Exchange, Zydus Lifesciences and Maharashtra Scooters.

The scheme, however, reduced its investment in Dr Reddy’s Laboratories by 8.4 lakh shares and trimmed Maruti Suzuki India by 1.5 lakh shares.

As of June-end, HDFC Bank remained the largest holding in the Flexi Cap Fund with an allocation of 8.33%, followed by Power Grid Corporation at 6.23%, ITC at 6.07%, ICICI Bank at 5.52% and Coal India at 5.35%.

Banks continued to account for the largest sector allocation at 21.2%, followed by IT Software at 8.9%, Computer Software at 6.7%, Automobiles at 6.4% and Power at 6.2%.

ELSS Fund Trims Wipro and CMS Info Systems

Within the ELSS Fund, PPFAS Mutual Fund increased investments in Seshasayee Technologies, West Coast Paper Mills, Zydus Lifesciences and Sharda Motor Industries alongside the addition of Petronet LNG share price exposure.

The scheme reduced its holdings in Wipro by 2.8 lakh shares and sold 1.3 lakh shares of CMS Info Systems during June. Despite these changes, the fund did not make any complete exits from its portfolio.

At the end of the month, HDFC Bank remained the largest holding with an allocation of 8.23%, followed by Power Grid Corporation at 6.98%, Bajaj Holdings & Investment at 6.68%, Coal India at 6.44% and ITC at 5.29%. Banks accounted for the largest sector exposure at 21.3%, while Finance, IT Software, Automobiles and Power remained the other key sector allocations in the ELSS Fund.