13 Indian Mutual Fund Schemes Hold Nvidia Shares as Stock Falls 6% in US Trading

Key Takeaways

• An analysis of October 2026 portfolios identified 13 Indian mutual fund schemes and ETFs with direct exposure to Nvidia shares.
• Nvidia allocations across the identified schemes ranged from 0.63% to 12.12% of portfolio assets.
• Nvidia shares fell approximately 6.04% to $163.23 in early US trading on 12 November, drawing attention to international equity fund holdings.

Nvidia Decline Draws Attention to Indian Mutual Fund Exposure

A sharp decline in Nvidia shares in US trading on 12 November 2026 has highlighted the exposure of Indian mutual fund schemes to the American semiconductor company.

Nvidia shares declined approximately 6.04% to $163.23 in early US trading on Thursday, compared with the previous closing price of $173.73.

The reported decline followed developments concerning the company's leadership, including the departure of chief executive Jensen Huang.

The movement has brought attention to international mutual funds and exchange-traded funds that hold Nvidia directly.

October Portfolio Data Identifies 13 Schemes

An analysis of October 2026 mutual fund portfolios using ACE MF data identified 13 Indian schemes and ETFs with direct holdings in Nvidia.

The reported exposure ranged from 0.63% to 12.12% of scheme assets.

Mirae Asset S&P 500 Top 50 ETF recorded the highest identified allocation, with Nvidia accounting for 12.12% of its portfolio.

Mirae Asset NYSE FANG+ ETF followed with an exposure of 10.02%.

Motilal Oswal Nasdaq 100 ETF and ICICI Prudential NASDAQ 100 Index Fund each had reported allocations of approximately 8.02%.

These figures represent portfolio weights recorded in October and should not be interpreted as current real-time allocations.

How Nvidia Exposure Reaches Indian Mutual Funds

Indian mutual funds can obtain international equity exposure through several investment structures, including overseas index funds, exchange-traded funds and international fund-of-funds arrangements.

The extent of exposure depends on the scheme's investment objective and its underlying index or portfolio.

For example, a Nasdaq 100-linked fund may hold Nvidia as one of several large technology companies within its benchmark.

A more concentrated technology-oriented index may have a higher allocation to individual companies.

The impact of a share-price movement on a scheme's net asset value also depends on other portfolio holdings, currency movements, expenses and applicable valuation timing.

Portfolio Weights Can Change

A reported allocation of 12.12% does not mean the scheme's NAV will move by 12.12% when Nvidia's share price changes.

The portfolio weight indicates the proportion of assets invested in the company at the reporting date.

Market movements can subsequently alter that weight, even without a portfolio transaction.

The October study provides a reference point for understanding the direct exposure of selected Indian mutual fund products to Nvidia. It does not establish the exact NAV impact of the share-price decline on 12 November.

Scheme-level NAV changes would require separately verified portfolio and valuation data.