New Delhi, June 9 -- Parag Parikh Flexi Cap Fund did not add any new stock to its portfolio in May. Instead, India's largest active equity fund chose to deepen some of its existing bets.

The Rs.1.42 lakh crore scheme more than doubled its holdings in city gas distributors Indraprastha Gas (IGL) and Mahanagar Gas (MGL) during the month, while also increasing exposure to stocks such as ITC, HDFC Bank, ICICI Bank and HCL Technologies.

Rather than introducing new ideas, the fund used the month to increase exposure to a select group of existing holdings.

The most notable activity during May was concentrated in the fund's city gas distribution holdings.

Parag Parikh Flexi Cap Fund more than doubled its holdings in both Indraprastha Gas Ltd ...