Why PPFAS Flexi Cap Fund is raising equity exposure and what it is buying

PPFAS Mutual Fund increased equity exposure in its flagship Flexi Cap Fund in April even as market volatility persisted, signalling rising conviction in select large-cap opportunities. The Rs 1.40 lakh crore fund added heavily to stocks like ITC, HDFC Bank, TCS and Infosys while reducing arbitrage positions.

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