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Written by - Fisdom Research

February 23, 2024 3 minutes

Impact On Mutual Funds

Nasdaq exposure to NVIDIA

  • Nvidia’s Stock Surge:  Shares increased by 16% after surpassing Wall Street predictions.
  • Earnings Highlight: Announced fiscal fourth-quarter revenue of $22.10 billion, a 265% year-on-year growth.
  • Net Income Growth: Net income experienced a 769% surge.
  • AI Influence: Nvidia’s chips are crucial for developing extensive AI models like those by Microsoft and Meta.

AMC Level Exposure

AMC NameExposure to NVIDIA (In Rs Cr)
Motilal Oswal MF439
Mirae MF280
Franklin MF201
Axis MF169
Kotak MF143
Edelweiss MF88
PGIM India MF82
Navi MF80
ICICI Prudential MF48
Aditya Birla MF25
Invesco MF21
Bandhan MF14
Source: ACE MF, Fisdom Research. Portfolio data as on January 2024

Non-Broad-Based Passive Funds Exposure to NVIDIA

Fund NameExposure to NVIDIA
(In Rs Cr)
% Portfolio Holdings
Motilal Oswal Nasdaq 100 ETF3264.6
Mirae Asset NYSE FANG+ ETF22612.1
Kotak NASDAQ 100 FoF1434.9
Motilal Oswal S&P 500 Index Fund1133.7
Navi NASDAQ 100 FoF394.6
Invesco EQQQ NASDAQ-100 UCITS ETF215.5
ICICI Prudential NASDAQ 100 Index Fund484.6
Mirae Asset S&P 500 Top 50 ETF416.5
Aditya Birla SL NASDAQ 100 FOF174.9
Axis NASDAQ 100 FoF74.8
Source: ACE MF, Fisdom Research. Portfolio data as on January 2024

Estimated exposure of broad-based MF schemes(1/2)

Fund NameUnderlyingExposure to NVIDIA
(In Rs Cr)
% of AUM
Franklin India Feeder – Franklin U.S. Opportunities FundFranklin U.S. Opportunities Fund, Class I (ACC)200.56.0%
Edelweiss US Technology Equity FOFJPMORGAN F-US TECHNOLOGY-I A88.44.1%
PGIM India Global Equity Opp FundPGIM JENNSN GLEQ OP-USD AC I81.76.0%
Navi US Total Stock Market FoFVANGUARD ETF41.95.1%
SBI International Access-US Equity FoFAmundi Funds US Pioneer Fund -I15 USD41.85.0%
DSP Global Innovation FoFIshares Semiconductor ETF
BGF Next Generation Technology Fund
iShares Nasdaq 100 UCITS ETF USD
BlueBox Global Technology Fund Share Class I (USD) Acc
HDFC Developed World Indexes FoFCSIF (IE) MSCI USA Blue UCITS ETF31.72.7%
Axis Global Equity Alpha FoFSchroder ISF Global Equity Alpha Class X1 Acc23.22.6%
Source: ACE MF, Fisdom Research. Portfolio data as of January 2024. Numbers are indicative.

Estimated exposure of broad-based MF schemes(2/2)

Fund NameUnderlyingExposure to NVIDIA
(In Rs Cr)
% of AUM
Bandhan US Equity FoFJP Morgan Funds – US Growth Fund I (acc) – USD14.24.9%
Axis Global Innovation FoFSchroder ISF Global Disruption Class X Acc12.52.1%
Mirae Asset Global X Artificial Intelligence & Technology ETF FoFGlobal X Artificial Intelligence & Technology ETF10.13.7%
Aditya Birla SL Global Excellence Equity FoFJulius Baer Global Excellence Equity USD7.84.4%
Mirae Asset Global Electric & Autonomous Vehicles ETFs FoFGlobal X Autonomous & Electric Vehicles UCITS ETF3.03.4%
Franklin India Feeder – Templeton European Opportunities FundFranklin U.S. Opportunities Fund, Class I (ACC)0.96.0%
DSP Global Allocation FoFBlack Rock Global Funds – Global Allocation Fund (Class I2 USD Shares)0.50.8%
Invesco India – Invesco Global Equity Income FoFInvesco Global Equity Income Fund [Lux]0.52.4%
Source: ACE MF, Fisdom Research

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