Seven Indian AMCs hold nearly $1 bn stake in Alphabet; PPFAS leads exposure
Published on 16/09/2025 11:02 PM
Seven Indian AMCs hold nearly $1 bn stake in Alphabet; PPFAS leads exposureAccording to Bloomberg data, seven Indian fund houses collectively hold 3.7 million shares of Alphabet, valued at $934 million as of Monday’s close. PPFAS Asset Management accounts for more than half of this exposure, while SBI Funds Management holds another 39%.By Yoosef K September 16, 2025, 11:02:22 PM IST (Updated)2 Min ReadAlphabet Inc.’s entry into the elite $3 trillion market cap club on Monday (September 15) was cheered by investors worldwide, with the celebrations extending from Nasdaq to Dalal Street, where Indian mutual funds remain significant investors in Google’s parent.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18's flagship events Interaction with CNBC-TV18's journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers