8 Mutual Funds Boosted by Nvidia’s Bull Run

8 Indian mutual funds riding on Nvidia’s stunning bull run

Published 20th June 2024

The new titan in town

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Phenomenal growth in recent years

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Major reason for Nvidia’s growth

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Are Indian mutual funds invested in Nvidia?

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#8 Axis Innovation

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#7 Axis Growth Opportunities

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#6 Edelweiss Technology

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#5 Motilal Oswal S&P 500 Index

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#4 Motilal Oswal NASDAQ 100 ETF

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Important note

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Get the full list

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8 Indian mutual funds riding on Nvidia’s stunning bull run

8 Indian mutual funds riding on Nvidia’s stunning bull run

The new titan in town

Nvidia recently toppled Microsoft to become the world’s most valuable public company, with a market cap of $3.34 trillion.

Phenomenal growth in recent years

Since October 2022, its share price has gone up over 12 times. What’s more, the company’s stock price was less than 1% of its current price 8 years back.

Major reason for Nvidia’s growth

The US company is at the heart of the AI boom. It manufactures chips to power Artificial Intelligence (AI) like ChatGPT.

Are Indian mutual funds invested in Nvidia?

Yes, eight funds are invested in the California-based company. Their Nvidia investment has grown between 50% and 31,929%! We’ll reveal these funds in the following slides.

#8 Axis Innovation

VR category: Thematic Current Nvidia holding (%): 1.1 Average Nvidia holding (%): 0.7 Stock return: 221%

#7 Axis Growth Opportunities

VR category: Large & MidCap Current Nvidia holding (%): 1.1 Average Nvidia holding (%): 1.0 Stock return: 190%

#6 Edelweiss Technology

VR category: Sectoral-Technology Current Nvidia holding (%): 4.9 Average Nvidia holding (%): 4.5 Stock return: 50%

#5 Motilal Oswal S&P 500 Index

VR category: International Current Nvidia holding (%): 6.1 Average Nvidia holding (%): 1.9 Stock return: 1,762%

#4 Motilal Oswal NASDAQ 100 ETF

VR category: International Current Nvidia holding (%): 7.5 Average Nvidia holding (%): 1.7 Stock return: 31,929%

Important note

Since Nvidia's entry into the fund. Holding as of May 31, 2024 and absolute price return as of June 18, 2024. FoFs that may be indirectly holding Nvidia have not been considered.

Get the full list

To know the three funds that have the highest Nvidia stake, we suggest you read the full story (link below).

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