Parag Parikh Flexi Cap Fund, the largest active flexi cap fund, increased its stake in ITC and eleven other stocks during July, adding significantly to its holdings in Power Grid Corporation of India and ICICI Bank. The fund also initiated a position in Motilal Oswal Financial Services while reducing its stake in IPCA Laboratories.
Jio IPO bids hit 70,000 crore on day 1; outpaces NSE, LIC, GIC issues
The initial public offering of Jio Platforms has attracted impressive attention, with an oversubscription of 3.16 times. Institutional investors were particularly keen, subscribing at a