Impact of NVIDIA Stock Surge on Mutual Funds and Passive Funds Exposure

NVIDIA's stock surged by 16% following strong financial performance, impacting various mutual funds and passive funds. Mutual funds like Motilal Oswal, Mirae, and Franklin have significant exposure to NVIDIA, while non-broad-based passive funds also hold substantial positions. The exposure of broad-based MF schemes further illustrates the influence of NVIDIA's performance on the investment landscape.

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• NVIDIA
• Mutual Funds
• Stock Surge
• Passive Funds
• Investment

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Uploaded on Mar 22, 2024 | 4 Views

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1. NVIDIA Up 16% Impact On Mutual Funds

2. Nasdaq exposure to NVIDIA ~4.6% Nvidia's Stock Surge: Shares increased by 16% after surpassing Wall Street predictions. Earnings Highlight: Announced fiscal fourth-quarter revenue of $22.10 billion, a 265% year-on-year growth. Net Income Growth: Net income experienced a 769% surge. AI Influence: Nvidia's chips are crucial for developing extensive AI models like those by Microsoft and Meta.

3. AMC Level Exposure AMC Name ~ Exposure to NVIDIA (In Rs Cr) Motilal Oswal MF 439 Mirae MF 280 Franklin MF 201 Axis MF 169 Kotak MF 143 Edelweiss MF 88 PGIM India MF 82 Navi MF 80 ICICI Prudential MF 48 SBI MF 42 DSP MF 35 HDFC MF 32 Aditya Birla MF 25 Invesco MF 21 Bandhan MF 14 Total 1699 Source: ACE MF, Fisdom Research. Portfolio data as on January 2024

4. Non-Broad-Based Passive Funds Exposure to NVIDIA Fund Name ~ Exposure to NVIDIA (In Rs Cr) % Portfolio Holdings Motilal Oswal Nasdaq 100 ETF 326 4.6 Mirae Asset NYSE FANG+ ETF 226 12.1 Kotak NASDAQ 100 FoF 143 4.9 Motilal Oswal S&P 500 Index Fund 113 3.7 Navi NASDAQ 100 FoF 39 4.6 21 5.5 Invesco EQQQ NASDAQ-100 UCITS ETF ICICI Prudential NASDAQ 100 Index Fund 48 4.6 Mirae Asset S&P 500 Top 50 ETF 41 6.5 Aditya Birla SL NASDAQ 100 FOF 17 4.9 Axis NASDAQ 100 FoF 7 4.8 Total 980 - Source: ACE MF, Fisdom Research. Portfolio data as on January 2024

5. Estimated exposure of broad-based MF schemes(1/2) ~Exposure to NVIDIA (In Rs Cr) Fund Name Underlying % of AUM Franklin India Feeder - Franklin U.S. Opportunities Fund Franklin U.S. Opportunities Fund, Class I (ACC) 200.5 6.0% Edelweiss US Technology Equity FOF JPMORGAN F-US TECHNOLOGY-I A 88.4 4.1% PGIM India Global Equity Opp Fund PGIM JENNSN GLEQ OP-USD AC I 81.7 6.0% Navi US Total Stock Market FoF VANGUARD ETF 41.9 5.1% SBI International Access-US Equity FoF Amundi Funds US Pioneer Fund -I15 USD 41.8 5.0% Ishares Semiconductor ETF BGF Next Generation Technology Fund IVZ NASDAQ 100 EW ACC iShares Nasdaq 100 UCITS ETF USD BlueBox Global Technology Fund Share Class I (USD) Acc DSP Global Innovation FoF 34.4 4.9% HDFC Developed World Indexes FoF CSIF (IE) MSCI USA Blue UCITS ETF 31.7 2.7% Axis Global Equity Alpha FoF Schroder ISF Global Equity Alpha Class X1 Acc 23.2 2.6% Source: ACE MF, Fisdom Research. Portfolio data as of January 2024. Numbers are indicative.

6. Estimated exposure of broad-based MF schemes(2/2) ~Exposure to NVIDIA (In Rs Cr) Fund Name Underlying % of AUM Bandhan US Equity FoF JP Morgan Funds - US Growth Fund I (acc) - USD 14.2 4.9% Axis Global Innovation FoF Schroder ISF Global Disruption Class X Acc 12.5 2.1% Mirae Asset Global X Artificial Intelligence & Technology ETF FoF Global X Artificial Intelligence & Technology ETF 10.1 3.7% Aditya Birla SL Global Excellence Equity FoF Julius Baer Global Excellence Equity USD 7.8 4.4% Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Global X Autonomous & Electric Vehicles UCITS ETF 3.0 3.4% Franklin India Feeder - Templeton European Opportunities Fund Franklin U.S. Opportunities Fund, Class I (ACC) 0.9 6.0% Black Rock Global Funds - Global Allocation Fund (Class I2 USD Shares) DSP Global Allocation FoF 0.5 0.8% Invesco India - Invesco Global Equity Income FoF Invesco Global Equity Income Fund [Lux] 0.5 2.4% Total - 593.0 - Source: ACE MF, Fisdom Research

7. Active domestic mutual fund scheme exposure Fund Name Exposure to NVIDIA(In Rs Cr) % of AUM Axis Special Situations Fund 8.4 0.7% Axis Growth Opp Fund 118.5 1.1% Total 126.9 - Source: ACE MF, Fisdom Research

8. Impact on Broad-based fund performance Tentative impact of one day change in NVIDIA price on fund NAV Tentative impact of one day change in NVIDIA price on fund NAV Mutual Fund Name Mutual Fund Name Franklin India Feeder - Templeton European Opportunities Fund Aditya Birla SL Global Excellence Equity FoF 0.7% 0.9% HDFC Developed World Indexes FoF Axis Global Equity Alpha FoF 0.4% 0.4% Invesco India - Invesco Global Equity Income FoF Axis Global Innovation FoF 0.4% 0.3% Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF Bandhan US Equity FoF 0.8% 0.5% Mirae Asset Global X Artificial Intelligence & Technology ETF FoF DSP Global Allocation FoF 0.2% 0.6% DSP Global Innovation FoF 0.8% Navi US Total Stock Market FoF 0.8% Edelweiss US Technology Equity FOF PGIM India Global Equity Opp Fund 0.6% 0.9% Franklin India Feeder - Franklin U.S. Opportunities Fund SBI International Access-US Equity FoF 0.9% 0.8% Source: ACE MF, Fisdom Research. Data as of 22nd Feb 2024.

9. Impact on funds which are not broad-based Fund Name Tentative impact of one day change in NVIDIA price on fund NAV ICICI Prudential NASDAQ 100 Index Fund 0.7% Motilal Oswal Nasdaq 100 ETF 0.7% Aditya Birla SL NASDAQ 100 FOF 0.8% Axis NASDAQ 100 FoF 0.8% Kotak NASDAQ 100 FoF 0.8% Navi NASDAQ 100 FoF 0.7% Invesco EQQQ NASDAQ-100 UCITS ETF 0.9% Mirae Asset S&P 500 Top 50 ETF 1.0% Motilal Oswal S&P 500 Index Fund 0.6% Mirae Asset NYSE FANG+ ETF 1.9% Source: ACE MF, Fisdom Research

10. Disclaimer T h i s d o c u m e n t i s n o t f o r p u b l i c d i s t r i b u t i o n a n d i s m e a n t s o l e l y f o r t h e p e r s o n a l i n f o r m a t i o n o f t h e a u t h o r i z e d r e c i p i e n t . N o p a r t o f t h e i n f o r m a t i o n m u s t b e a l t e r e d , t r a n s m i t t e d , c o p i e d , d i s t r i b u t e d , o r r e p r o d u c e d i n a n y f o r m t o a n y o t h e r p e r s o n . P e r s o n s i n t o w h o s e p o s s e s s i o n t h i s d o c u m e n t m a y c o m e a r e r e q u i r e d t o o b s e r v e t h e s e r e s t r i c t i o n s . T h i s d o c u m e n t i s f o r g e n e r a l i n f o r m a t i o n p u r p o s e s o n l y a n d d o e s n o t c o n s t i t u t e i n v e s t m e n t a d v i c e o r a n o f f e r t o s e l l o r s o l i c i t a t i o n o f a n o f f e r t o b u y / s e l l a n y s e c u r i t y , a n d i s n o t i n t e n d e d f o r d i s t r i b u t i o n i n c o u n t r i e s w h e r e d i s t r i b u t i o n o f s u c h m a t e r i a l i s s u b j e c t t o l i c e n s i n g , r e g i s t r a t i o n , o r o t h e r l e g a l r e q u i r e m e n t s . T h e i n f o r m a t i o n , o p i n i o n s , a n d v i e w s c o n t a i n e d i n t h i s d o c u m e n t a r e a s p e r p r e v a i l i n g c o n d i t i o n s a n d a r e o f t h e d a t e a p p e a r i n g o n t h i s m a t e r i a l o n l y a n d a r e s u b j e c t t o c h a n g e . N o r e l i a n c e m a y b e p l a c e d f o r a n y p u r p o s e w h a t s o e v e r o n t h e i n f o r m a t i o n c o n t a i n e d i n t h i s d o c u m e n t o r o n i t s c o m p l e t e n e s s . N e i t h e r F i n w i z a r d T e c h n o l o g y P r i v a t e L i m i t e d ( F i s d o m ) , i t s g r o u p c o m p a n i e s , i t s d i r e c t o r s , a s s o c i a t e s , e m p l o y e e s , n o r a n y p e r s o n c o n n e c t e d w i t h i t a c c e p t s a n y l i a b i l i t y o r l o s s a r i s i n g f r o m t h e u s e o f t h i s d o c u m e n t . T h e v i e w s a n d o p i n i o n s e x p r e s s e d h e r e i n a r e b a s e d s o l e l y o n t h e p a s t p e r f o r m a n c e o f t h e s c h e m e s a n d / o r s e c u r i t i e s a n d d o n o t n e c e s s a r i l y r e f l e c t t h e v i e w s o f F i s d o m . P a s t p e r f o r m a n c e i s n o g u a r a n t e e a n d d o e s n o t i n d i c a t e o r g u i d e f u t u r e p e r f o r m a n c e . T h e i n f o r m a t i o n s e t o u t h e r e i n m a y b e s u b j e c t t o u p d a t i n g , c o m p l e t i o n , r e v i s i o n , v e r i f i c a t i o n , a n d a m e n d m e n t , a n d s u c h i n f o r m a t i o n m a y c h a n g e m a t e r i a l l y . I n v e s t i n g i n s e c u r i t i e s m a r k e t s i n v o l v e s r i s k s , i n c l u d i n g t h e p o t e n t i a l l o s s o f p r i n c i p a l a m o u n t i n p a r t o r i n f u l l . T h e r e c o m m e n d a t i o n s a r e b a s e d o n t h e p a s t p e r f o r m a n c e o f s c h e m e s a n d / o r s e c u r i t i e s , w h i c h i s n o t n e c e s s a r i l y i n d i c a t i v e o f f u t u r e p e r f o r m a n c e . T h e r e c o m m e n d a t i o n s d o n o t g u a r a n t e e f u t u r e r e s u l t s , a n d t h e v a l u e o f t h e i n v e s t e d p r i n c i p a l a m o u n t a n d i n v e s t m e n t r e t u r n s m a y f l u c t u a t e o v e r t i m e . T h e r e f o r e , i t i s e s s e n t i a l t o r e v i e w y o u r i n v e s t m e n t o b j e c t i v e s , r i s k t o l e r a n c e , a n d l i q u i d i t y n e e d s b e f o r e m a k i n g a n y i n v e s t m e n t d e c i s i o n s . W h i l e t h e i n f o r m a t i o n a n d d a t a c o n t a i n e d i n t h i s d o c u m e n t h a v e b e e n o b t a i n e d f r o m s o u r c e s b e l i e v e d t o b e r e l i a b l e , F i s d o m d o e s n o t g u a r a n t e e i t s a c c u r a c y , a d e q u a c y , c o m p l e t e n e s s , t i m e l i n e s s , r e l i a b i l i t y , o r a v a i l a b i l i t y o f a n y i n f o r m a t i o n p r o v i d e d i n t h i s d o c u m e n t . F i s d o m i s n o t r e s p o n s i b l e f o r a n y e r r o r s o r o m i s s i o n s , r e g a r d l e s s o f t h e c a u s e , o r f o r t h e r e s u l t s o b t a i n e d f r o m t h e u s e o f i n f o r m a t i o n c o n t a i n e d i n t h i s d o c u m e n t . F i s d o m a c c e p t s n o l i a b i l i t y f o r a n y l o s s e s o r d a m a g e s a r i s i n g d i r e c t l y o r i n d i r e c t l y ( i n c l u d i n g s p e c i a l , i n c i d e n t a l , o r c o n s e q u e n t i a l l o s s e s o r d a m a g e s ) f r o m t h e u s e o r r e l i a n c e p l a c e d o n a n y i n f o r m a t i o n o r d a t a c o n t a i n e d i n t h i s d o c u m e n t , i n c l u d i n g , w i t h o u t l i m i t a t i o n , a n y l o s t p r o f i t s , t r a d i n g l o s s e s , o r d a m a g e s r e s u l t i n g f r o m a n y e r r o r s , o m i s s i o n s , i n t e r r u p t i o n s , d e l e t i o n s , o r d e f e c t s i n a n y m a n n e r c o n t a i n e d h e r e i n . R e a d e r s / I n v e s t o r s s h o u l d b e a w a r e t h a t t h i s d o c u m e n t m a y n o t b e s u i t a b l e f o r a l l t y p e s o f i n v e s t o r s . I n v e s t o r s s h o u l d i n d e p e n d e n t l y e v a l u a t e a n y i n v e s t m e n t o r s t r a t e g y d i s c u s s e d h e r e i n . A n y d e c i s i o n ( s ) b a s e d o n t h e i n f o r m a t i o n c o n t a i n e d i n t h i s r e p o r t s h a l l b e t h e s o l e r e s p o n s i b i l i t y o f t h e R e a d e r / I n v e s t o r . F i s d o m I N H 0 0 0 0 1 0 2 3 8 ] . T h i s d o c u m e n t i s p r e p a r e d a n d d i s t r i b u t e d i n a c c o r d a n c e w i t h t h e S E B I ( I n v e s t m e n t A d v i s e r s ) R e g u l a t i o n s , 2 0 1 3 , a n d o t h e r r e l e v a n t r e g u l a t i o n s . P l e a s e r e a d a l l r e l e v a n t o f f e r d o c u m e n t s , r i s k d i s c l o s u r e d o c u m e n t s , a n d t e r m s a n d c o n d i t i o n s r e l a t e d t o t h e s e r v i c e s p r o v i d e d b y F i s d o m b e f o r e m a k i n g a n y i n v e s t m e n t d e c i s i o n . F o r m o r e d e t a i l s , p l e a s e v i s i t o u r o f f i c i a l w e b s i t e s a t w w w . f i s d o m . c o m a n d w w w . F i n i t y . i n . i s a S E B I R e g i s t e r e d I n v e s t m e n t A d v i s o r ( R I A ) [ R e g i s t r a t i o n N o : I N A 2 0 0 0 0 5 3 2 3 ] a n d R e s e a r c h E n t i t y [ R e g i s t r a t i o n N o :