PPFAS Flexi Cap Fund: Strategic Portfolio Shifts in December

• PPFAS Flexi Cap Fund, managed by Rajeev Thakkar, made targeted portfolio adjustments in December, focusing on consumption, pharma, private banks, and utilities.
• The fund increased its stake in ITC by 39.28 lakh shares, raising its portfolio weight to 3.6% despite a slight dip in the stock price.
• HDFC Bank and ICICI Bank saw significant additions, maintaining financials as a dominant sector, with HDFC Bank remaining the largest holding.
• Power Grid Corporation of India received an additional 2.13 crore shares, increasing its portfolio weight to 3.8% due to its stable cash generation.
• Technology holdings were rebalanced: TCS and HCL Technologies saw incremental buying, while Infosys was trimmed by 12.04 lakh shares; Amazon's holding also marginally increased.

Why It Matters: PPFAS Flexi Cap Fund strategically rebalanced its portfolio in December, increasing exposure to key sectors.