US chipmaker Nvidia has become the first semiconductor company to surpass the $5 trillion market capitalisation milestone on October 29, marking another major achievement in its AI-driven growth story. The company had reached the $4 trillion mark just four months earlier in June.
The record-breaking valuation has boosted the holdings of several Indian mutual fund schemes, both active and passive, that maintain exposure to Nvidia’s shares, according to data from PrimeMFDatabase.com as of September 30, 2025.
Mutual fund exposure
Among passive funds, the Motilal Oswal NASDAQ 100 ETF remains the largest holder, with 6.44 lakh Nvidia shares worth ₹1,067.2 crore, accounting for 9.88% of its net assets — up from ₹991.5 crore in August.
The ICICI Prudential NASDAQ 100 Index Fund held 1.52 lakh shares valued at ₹251.3 crore, while the Mirae Asset NYSE FANG+ ETF and Mirae Asset S&P 500 Top 50 ETF reported Nvidia holdings worth ₹381.1 crore and ₹124.6 crore, respectively.
The Motilal Oswal S&P 500 Index Fund also recorded exposure worth ₹320.7 crore.
Among actively managed schemes, three funds hold Nvidia in their portfolios:
- Aditya Birla Sun Life International Equity Fund: 13,200 shares worth ₹21.9 crore (8.22% of assets)
- Axis Innovation Fund: 5,990 shares worth ₹9.92 crore (0.84% of assets)
- Edelweiss Technology Fund: 26,886 shares worth ₹44.5 crore (6.54% of assets)
Nvidia’s rally and outlook
Nvidia’s stock has surged over 90% in the past six months and is up nearly 1,500% in the past five years, fueled by massive global demand for AI and data center infrastructure.
In Q2 FY2026, the company reported record revenue of $46.74 billion, a 56% year-on-year and 6% sequential increase. Its data center segment led the growth, contributing $41.1 billion in revenue.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own research or consult a financial advisor before making investment decisions.
