The fund sold its entire holdings in Vedanta, Vedanta Oil & Gas, and Vedanta Iron & Steel in June. Following the listing of Vedanta’s demerged entities on June 15, 2026, it offloaded 14.50 lakh shares each of these companies. At the same time, the fund increased its exposure to Vedanta Aluminium and Vedanta Power.
The other one stock from which the fund made a complete exit was Fractal Analytics and the fund sold 1.66 lakh shares of the company.
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The flexi cap fund also reduced its exposure to Avalon Technologies, selling nearly 2.16 lakh shares during June. It held 5.59 lakh shares at the end of the month, down from 7.76 lakh shares in May.
There were no new additions to the portfolio in June. However, the fund increased its stake in 28 existing holdings during the month.
Among the 28 stocks where the fund increased its holdings, Vedanta Power saw the largest addition. The fund bought around 1.16 crore shares during June, taking its total holding in the company to 1.31 crore shares.The fund also increased its holdings in Vedanta Aluminium, adding around 9.50 lakh shares during June to take its total holding to 24 lakh shares. It further bought around 3 lakh shares of Reliance Industries and 10.50 lakh shares of HDFC Bank during the month.
The other 25 stocks where the fund increased its stake included some names such as SBI, Tata Steel, M&M, ICICI Bank, Divi’s Laboratories, NTPC, Inox India, ICICI Prudential Life Insurance Company, PNB Housing Finance, Aether Industries, Urban Company, and Tata Motors.
In June, the flexi cap fund had 45 stocks in its portfolio compared to 49 stocks in the previous month. The portfolio was spread across 23 sectors, where the highest allocation was in banks of around 20.13%, followed by 9.36% in finance.
As a percentage of NAV, the fund had the highest allocation in ICICI Bank of around 5.45%, followed by 5.42% in HDFC Bank and 3.63% in SBI in June.
Launched on December 29, 2025, the fund has delivered a 9.72% return since its inception and in the last three months, the fund delivered a return of 11.06% against 0.65% by the benchmark. In the last six months, the fund delivered 10.45% against a loss of 5.75% by the benchmark.
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The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities through equity and equity related instruments by investing in a diversified portfolio of large cap, mid cap and small cap securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.
Its assets under management (AUM) rose to Rs 5,300 crore in June from Rs 4,613 crore in May. The fund is benchmarked against the BSE 500 TRI and is managed by Sanjay Doshi (Equity) and Abhishek K. S. (Fixed Income).
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