Parikh Flexi Cap Fund Buys IT Stocks Amid Market Sell-Off

• Parikh Parikh Flexi Cap Fund invested heavily in IT shares like TCS and HCL Tech in January 2026, defying market trends.
• Fund manager Rajeev Thakkar utilized the 'buy on dip' strategy, acquiring 3.81 million shares of TCS and 2.14 million shares of HCL Tech.
• The fund's cash level decreased from 20.2% to 18% in January, while long equity exposure rose from 67.3% to 68%.
• Increased holdings in ITC, Bajaj Holdings, Cipla, Great Eastern Shipping, and international equities.
• Added new midcap stocks CIE Automotive India and CMS Info Systems, while reducing stakes in Coal India and MCX.