Five ‘active’ mutual funds with maximum investment in AI stocks

AI to grow?

As per the reputed PwC, AI will contribute $15.7 trillion to the global economy by the coming decade.

Identifying AI stocks

1. Alphabet (Google) 2. Amazon 3. Advanced Micro Devices (AMD) 4. ASML Holding N.V. 5. Meta (Facebook) 6. Intel 7. Microsoft 8. NVIDIA *As per a Motley Fool report

Which are the five ‘active funds?

These five funds have invested over Rs 12,000 crore in these AI stocks as of October 31, 2023. So, let’s reveal the top five list.

#5 ICICI Prudential US Bluechip Equity Fund

It has invested 5% of its assets (Rs 133 crore) in Amazon and Alphabet Class C shares (Google)

#4 SBI Magnum Global Fund

It has invested 11% of its assets (Rs 671 crore) in Microsoft and Alphabet Class A shares (Google)

#3 SBI Flexicap Fund

It has invested 4% of its assets (Rs 733 crore) in Microsoft and Alphabet Class A shares (Google)

#2 SBI Focused Equity Fund

It has invested 7% of its assets (Rs 2,066 crore) in Alphabet Class A shares (Google)

#1 Parag Parikh Flexi Cap Fund

It has invested 16% of its assets (Rs 6,986 crore) in Microsoft, Alphabet Class A shares (Google), Amazon and Meta (Facebook)