Old Bridge Mutual Fund, led by CIO Kenneth Andrade, reshuffled its portfolios in July 2026. The Focused Fund added Jubilant FoodWorks, while the Flexicap Fund entered Delhivery and Redington. Simultaneously, the fund exited positions in Axis Bank and Syngene International. These moves reflect the fund’s active management strategy as it adjusts to evolving valuations and business outlooks.
Old Bridge Mutual Fund has updated its equity portfolio holdings for the month of July 2026, marking a series of strategic changes across its Focused and Flexicap schemes. Managed by Kenneth Andrade, the fund house is known for its high-conviction, concentrated investment approach. This recent activity indicates an active adjustment of capital as the fund managers react to market conditions and individual company prospects.
In the Focused Fund, the investment team initiated a new position in Jubilant FoodWorks, purchasing 2.25 million shares. This move established a 2.5% weight in the portfolio. The fund also increased its commitment to existing holdings, notably raising stakes in Tata Steel, Redington, Radico Khaitan, and Hindustan Zinc. These additions suggest the fund managers see continued potential in these specific industrial and consumer-focused businesses.
Simultaneously, the Flexicap Fund executed a notable shift by adding new companies to its roster. It initiated fresh positions in logistics player Delhivery and distribution company Redington, allocating 2.4% and 2.8% of its portfolio weight to these stocks, respectively. In a corresponding move to reallocate capital, the fund completely exited its holdings in Axis Bank and Syngene International, which previously occupied 2.6% and 2.2% of the portfolio.
For investors, these changes highlight the nature of actively managed funds. Unlike passive index funds that replicate a market index, actively managed funds like those at Old Bridge regularly rotate capital. When a fund exits a position—as seen with the complete withdrawal from Axis Bank and Syngene—it often signals that the investment team believes the growth thesis has weakened, valuations have become stretched, or the capital could be better deployed in other opportunities.
It is important for investors to note the specific risk profile of this fund house. By maintaining concentrated portfolios with fewer stock holdings, the funds aim for higher potential performance but also inherently carry higher volatility. If a few large holdings underperform, the impact on the overall portfolio can be more pronounced than in a highly diversified scheme. Furthermore, the fund has a significant sectoral focus on finance, pharmaceuticals, and automobiles. Investors should monitor how these sector allocations align with their personal risk tolerance and financial goals, as concentrated bets can lead to wider swings in returns compared to the broader market index.