NVIDIA share crash: The sharp fall in US chipmaker Nvidia’s shares has raised concerns among investors worldwide, including Indian mutual fund investors. This is because several Indian mutual fund schemes have significant exposure to the US technology giant. According to October 2026 portfolio data, as many as 13 Indian mutual fund schemes and exchange-traded funds (ETFs) hold Nvidia shares.
According to Value Research data, the exposure is not limited to funds that invest in international markets. Some Indian equity mutual fund schemes also have investments in the company. With Nvidia shares falling nearly 32 per cent from their 52-week high.
Nvidia shares fall 32% from 52-week high
Nvidia shares declined 4.34 per cent to USD166.19 during early US trading on November 13. The stock had closed at USD168.89 on November 10.
The latest decline has taken Nvidia shares nearly 32 per cent below their 52-week high of USD243.37.
Several concerns surrounding the company have affected investor sentiment. These include developments related to its leadership, questions over the alleged supply of Nvidia chips to Chinese companies and concerns linked to US national security.
The company’s board has also appointed an independent investigator to examine the allegations.
The developments have put the company under pressure at a time when investors are closely tracking the global artificial intelligence (AI) industry and demand for advanced chips.
Which 13 Indian mutual fund schemes have invested in Nvidia?
According to October 2026 portfolio data, 13 Indian mutual fund schemes and ETFs have exposure to Nvidia.
Among these, Mirae Asset S&P 500 Top 50 ETF has the highest exposure, with 12.12 per cent of its portfolio invested in the company.
Mirae Asset NYSE FANG+ ETF has 10.02 per cent exposure to Nvidia. Motilal Oswal Nasdaq 100 ETF and ICICI Prudential Nasdaq 100 Index Fund have around 8.02 per cent each invested in the US chipmaker.
Some domestic equity-oriented schemes also hold Nvidia shares. DSP Value Fund has 0.91 per cent exposure, while Axis Large & Mid Cap Fund has 0.63 per cent.
This means that a decline in Nvidia shares could affect not only international funds but also some schemes that primarily invest in Indian equities.
Top five mutual funds with significant Nvidia exposure and their returns
Here is a look at the performance and portfolio allocation of five mutual fund schemes with relatively high exposure to Nvidia, based on the data provided.
1. Mirae Asset S&P 500 Top 50 ETF FoF
The fund delivered a 9 per cent return over the past one year, while its three-year annualised return stood at 24.65 per cent.
Around 99.97 per cent of its portfolio is invested in equities. Its top holdings include Apple, with a 12.31 per cent allocation, followed by Nvidia at 12.12 per cent and Microsoft at 9.49 per cent.
Nvidia is therefore one of the largest holdings in this fund.
2. Motilal Oswal S&P 500 Index Fund
This fund delivered an 18.01 per cent return over one year, while its three-year annualised return stood at 24.93 per cent.
Around 99.52 per cent of its portfolio is invested in equities. Apple accounts for 7.68 per cent of its portfolio, Nvidia for 7.56 per cent and Microsoft for 5.91 per cent.
Nvidia is among the fund’s three largest holdings.
3. Motilal Oswal Nasdaq 100 ETF
The fund delivered a 17.72 per cent return over one year and a three-year annualised return of 27.10 per cent.
Almost its entire portfolio is invested in equities. It’s top holdings include Apple at 8.18 per cent, Nvidia at 8.02 per cent and Microsoft at 6.31 per cent.
4. ICICI Prudential Nasdaq 100 Index Fund
The scheme recorded a 17.35 per cent return over one year, while its three-year annualised return stood at 27.09 per cent.
Around 99.94 per cent of its portfolio is invested in equities. Apple accounts for 8.18 per cent of its holdings, Nvidia for 8.02 per cent and Microsoft for 6.30 per cent.
Its three-year performance is almost in line with that of other funds tracking the Nasdaq 100 index.
5. Aditya Birla Sun Life International Equity Fund
The fund delivered an 11.52 per cent return over one year and a three-year annualised return of 21.07 per cent.
Around 97.62 per cent of its portfolio is invested in equities. Nvidia is its largest holding with a 4.91 per cent allocation. Alphabet accounts for 3.59 per cent, while Apple has a 3.08 per cent share.
This makes Nvidia one of the fund’s most significant investments.
How much could mutual fund investors lose due to NVIDIA’s fall?
The decline in Nvidia shares could put pressure on the returns of mutual fund schemes that have a significant portion of their portfolios invested in the company.
For instance, a scheme with more than 12 per cent exposure to Nvidia could see its portfolio value affected if the stock continues to fall.
However, this does not mean investors in these schemes will face losses of the same magnitude as Nvidia’s share price decline.
A mutual fund’s overall performance depends on several factors, including the movement of its other holdings, the performance of the broader market and the rupee-dollar exchange rate.
For international funds, currency movements can also affect returns when overseas investments are converted into Indian rupees.
Therefore, investors should look at the overall portfolio and not just one stock while assessing the performance of a mutual fund scheme.
Nvidia Q3 results on November 17
Nvidia’s quarterly results, scheduled for November 17, will be another important event for investors.
The market will closely track the company’s revenue, business outlook and demand for artificial intelligence chips.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)