Tech-related firms in focus; PPFAS adds Microsoft to portfolio in April

Microsoft is one of the leaders in the cloud computing segment segment, besides Alphabet (Google) and Amazon, making the stock attractive

Covid-19 triggered lockdowns across the globe, it seems, have brought back investor’s focus on technology and internet related firms. While on one hand, companies with global footprint such as Facebook and Vista Equity have invested in Jio Platforms – a company owned by Mukesh Ambani’s Reliance Industries (RIL), Indian investors, too, have been scouting for investment-worthy opportunities overseas.

As per their latest fling, Parag Parikh Mutual Fund (PPFAS Mutual Fund) invested in Bill Gates- controlled Microsoft Corporation in April 2020 for one of their open-ended schemes – Parag Parikh Long Term Equity Fund (PPLTEF) and has exited its investment in Nestlé