Nvidia’s shares had soared more than 160% this year, driven by its pivotal role in the AI boom.
Despite this growth, the company’s stock recently fell 7% in extended trading to $116.95. This decline came after Nvidia’s guidance for the upcoming quarter fell short of Wall Street’s expectations.
Indian mutual funds’ investment in Nvidia
As of April 2024, several large Indian Asset Management Companies (AMCs) maintained substantial stakes in Nvidia.
Motilal Oswal leads the pack with an exposure of approximately ₹463 crore, followed by Mirae with around ₹284 crore, Franklin Mutual Fund at roughly ₹217 crore, and Kotak Mutual Fund with about ₹188 crore invested in the tech giant, as per Angel One data.
Here’s a look at the exposure:
| Fund Name | Exposure in Nvidia (in ₹ Cr) |
| Motilal Oswal Nasdaq 100 FoF | 299 |
| Kotak Nasdaq 100 FoF | 188 |
| Motilal Oswal S&P 500 Index Fund | 164 |
| Mirae Asset NYSE FANG+ ETF FoF | 153 |
| ICICI Prudential NASDAQ 100 Index Fund | 73 |
| Navi NASDAQ 100 FoF | 58 |
| Mirae Asset S&P 500 Top 50 ETF FoF | 47 |
(Source: Angel One)
How Indian investors can buy Nvidia shares?
For Indian investors interested in Nvidia, the stock is listed on the NASDAQ under the symbol NVDA.
To invest, individuals need to open an international trading account, which can be done through platforms like Groww, Angel One, or through domestic brokerage firms with international partnerships.
Alternatively, investors can directly access Nvidia shares by creating accounts on international brokerage platforms.
Word of caution
While Nvidia’s growth and the AI sector’s potential are undeniably attractive, financial experts advise caution.
According to Value Research, investors should not rush to invest in mutual funds with Nvidia exposure solely based on the company’s recent performance.
It is crucial to conduct thorough research, consider personal financial goals, and evaluate the need for geographic diversification before making investment decisions.