SBI Holdings Inc. and Nomura Holdings Inc. have both disclosed the exposure of their mutual funds to Adani Group securities.
SBI's asset management division provided details on the weightings of Adani-related stocks in four publicly offered investment trusts, while Nissay Asset Management Corp., a subsidiary of Japan's largest insurer, published information on 10 index funds.
These disclosures reflect a growing trend among Japanese financial firms to clarify their investments in light of the controversies surrounding the Adani Group.