AMC name Exposure to Nvidia (in ₹cr) Motilal Oswal MF ₹439 crore Mirae MF ₹280 crore Franklin MF ₹201 crore Axis MF ₹169 crore Kotak MF ₹143 crore Edelweiss MF ₹88 crore PGIM India MF ₹82 crore Navi MF ₹80 crore ICICI Prudential MF ₹48 crore SBI MF ₹42 crore DSP MF ₹35 crore HDFC MF ₹32 crore Aditya Birla MF ₹25 crore Invesco MF ₹21 crore Bandhan MF ₹14 crore Total ₹1,699 croreIndian mutual funds have decent exposure to Nvidia shares, which hit $1,000 on Thursday (May 23) following its exceptional quarterly results.
This surge came on the back of Nvidia surpassing market expectations and announcing a 10-for-1 stock split and a 150% increase in its quarterly dividend, now set at 10 cents per share.Key mutual funds with direct NVIDIA exposure(Source: ACE MF, Fisdom Research.
Portfolio data as of January 2024)Axis Special Situations Fund: 0.8% of net assetsAxis Growth Opportunities Fund: 1.3% of net assetsICICI Prudential NASDAQ 100 Index Fund: 5.6% of net assetsMirae Asset S&P 500 Top 50 ETF: 7.9% of net assetsMirae Asset NYSE FANG+ ETF: 14.2% of net assetsMotilal Oswal S&P 500 Index Fund: 4.6% of net assetsMotilal Oswal NASDAQ 100 ETF: 5.6% of net assets(Source: Value Research as of February 29, 2024)The company is listed on the NASDAQ index under the symbol NVDA.
To initiate this investment journey , Indian investors must open an international trading account.This process can be facilitated through online platforms such as Groww, Angel One, and others.Alternatively, Indian residents can explore the option of opening an overseas account through domestic brokerage firms that have international collaborations.Investors can directly access Nvidia stock by creating an account on international brokerage platforms like Charles Schwab, Ameritrade, Interactive Brokers, and similar entities.Indian mutual fund houses also held some stake in Nvidia (as mentioned above) through their foreign equity holdings.While the prospects may appear attractive, financial experts urge caution.According to Value Research, investors should avoid investing in these funds solely due to NVIDIA's strong performance.Instead, they should perform due diligence, assess their financial goals, and consider the necessity for geographic diversification before making investment decisions.
AMC name Exposure to Nvidia (in ₹cr) Motilal Oswal MF ₹439 crore Mirae MF ₹280 crore Franklin MF ₹201 crore Axis MF ₹169 crore Kotak MF ₹143 crore Edelweiss MF ₹88 crore PGIM India MF ₹82 crore Navi MF ₹80 crore ICICI Prudential MF ₹48 crore SBI MF ₹42 crore DSP MF ₹35 crore HDFC MF ₹32 crore Aditya Birla MF ₹25 crore Invesco MF ₹21 crore Bandhan MF ₹14 crore Total ₹1,699 crore
Indian mutual funds have decent exposure to Nvidia shares, which hit $1,000 on Thursday (May 23) following its exceptional quarterly results. This surge came on the back of Nvidia surpassing market expectations and announcing a 10-for-1 stock split and a 150% increase in its quarterly dividend, now set at 10 cents per share.Key mutual funds with direct NVIDIA exposure(Source: ACE MF, Fisdom Research. Portfolio data as of January 2024)Axis Special Situations Fund: 0.8% of net assetsAxis Growth Opportunities Fund: 1.3% of net assetsICICI Prudential NASDAQ 100 Index Fund: 5.6% of net assetsMirae Asset S&P 500 Top 50 ETF: 7.9% of net assetsMirae Asset NYSE FANG+ ETF: 14.2% of net assetsMotilal Oswal S&P 500 Index Fund: 4.6% of net assetsMotilal Oswal NASDAQ 100 ETF: 5.6% of net assets(Source: Value Research as of February 29, 2024)The company is listed on the NASDAQ index under the symbol NVDA. To initiate this investment journey , Indian investors must open an international trading account.This process can be facilitated through online platforms such as Groww, Angel One, and others.Alternatively, Indian residents can explore the option of opening an overseas account through domestic brokerage firms that have international collaborations.Investors can directly access Nvidia stock by creating an account on international brokerage platforms like Charles Schwab, Ameritrade, Interactive Brokers, and similar entities.Indian mutual fund houses also held some stake in Nvidia (as mentioned above) through their foreign equity holdings.While the prospects may appear attractive, financial experts urge caution.According to Value Research, investors should avoid investing in these funds solely due to NVIDIA's strong performance.Instead, they should perform due diligence, assess their financial goals, and consider the necessity for geographic diversification before making investment decisions.
