Nvidia rallies nearly 500% in 18 months. Take a look at 15 Indian MFs that own it

Shares of Nvidia, which have rallied around 490% in the last 18 months to become the world’s third-largest stock by market capitalisation, are owned by around 15 Indian mutual fund schemes, shows data from Fisdom Research.
Listed on the Nasdaq, the stock crossed the $ 1,000 mark for the first time on May 23 after the company’s profit and revenue soared by 628% and 268%, respectively.

Motilal Oswal Mutual Fund had the highest exposure of around Rs 463 crore. Franklin Templeton Mutual Fund and Mirae Asset Mutual Fund had total exposure of around 200 crore.

Kotak Mutual Fund and Axis Mutual Fund have an exposure of Rs 188 crore and Rs 181 crore, respectively.

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Around eight mutual funds had an exposure of less than Rs 100 crore. SBI Mutual Fund, the largest fund house based on assets managed, had a total exposure of Rs 49 crore. Bandhan Mutual Fund had the lowest exposure of Rs 23 crore as of April 2024.

Mirae Asset NYSE FANG+ETF FoF had an exposure of Rs 153 crore which was 9.8% of the portfolio holdings.

Motilal Oswal Nasdaq 100 FOF had the highest exposure of Rs 299 crore and this was 6.5% of the total portfolio holdings. Mirae Asset S&P 500 Top 50 ETF FoF had an exposure of Rs 47 crore which was 8.9% of the portfolio holdings.

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Axis NASDAQ 100 FoF had the lowest exposure of Rs 10 crore and this was 6.5% of the portfolio holdings as of April 2024.

Three active funds had a holding in Nvidia of around Rs 144.6 crore. Axis Growth Opportunities Fund had the highest exposure of Rs 115.8 crore which was 1% of the AUM. Axis Special Situations Fund had an exposure of Rs 10.3 crore and this was 0.8% of the total asset under management.


Edelweiss Technology Fund had an exposure of Rs 18.5% and this exposure was 4.1% of the total AUM.


Going forward, there will be a ten-for-one forward stock split which will be effective from June 7. The quarterly cash dividend will also increase by 150% to $0.01 per share on a post-split basis.