Home Investment Products Mutual Fund 10 mutual funds with maximum exposure to artificial intelligence – CNBCTV18

10 mutual funds with maximum exposure to artificial intelligence – CNBCTV18

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10 mutual funds with maximum exposure to artificial intelligence – CNBCTV18

Indian buyers are strategically positioning themselves nowadays inside the synthetic intelligence (AI) market panorama. Eight main corporations have emerged because the frontrunners on this AI pack, together with Alphabet, Amazon, Meta, Intel, NVIDIA, and extra, setting the stage for funding exploration. For these eyeing publicity to this sector, two avenues can be found — lively or passive mutual funds.

Worth Analysis has shared some knowledge on these mutual funds which have the very best AI publicity:

Passive funds

Motilal Oswal Nasdaq 100 ETF spearheads the pack, boasting over ₹2,000 crore in investments, with one-third allotted to AI-exposed shares. Following carefully, Mirae NYSE FANG+ instructions round ₹760 crore, dedicating over 50% of its scheme to those tech giants. In the meantime, Motilal Oswal S&P 500 Index Fund allocates round 20% of its ₹530 crore to AI names. Moreover, ICICI Pru Nasdaq 100, with ₹285 crore, allocates roughly 33%, and Mirae S&P 500 Prime 50 ETF invests ₹200 crore for a 35% allocation.

Lively funds

The actively-managed funds showcase concentrated AI investments amongst a choose few. The highest 5 lively funds collectively maintain a considerable 88% share, amounting to roughly ₹12,000 crore in investments.
Parag Parikh Flexi Cap Fund leads the cost, channeling almost ₹7,000 crore into AI shares, constituting 16% of its scheme. SBI Mutual Funds additionally stand out, with SBI Centered, SBI Flexicap, and SBI Magnum investing ₹2,000 crore, ₹730 crore, and ₹133 crore, respectively, with various allocations to AI corporations. Moreover, ICICI Pru Blue Chip holds round ₹133 crore, contributing a 5% allocation to AI-exposed shares.

A abstract of the ten mutual funds with allocations

Mutual Fund Class Complete Funding (₹ in crores) Allocation to AI Shares
Motilal Oswal Nasdaq 100 ETF Passive 2000 33%
Mirae NYSE FANG+ Passive 760 >50%
Motilal Oswal S&P 500 Index Passive 530 20%
ICICI Pru Nasdaq 100 Passive 285 33%
Mirae S&P 500 Prime 50 ETF Passive 200 35%
Parag Parikh Flexi Cap Fund Lively 7000 16%
SBI Centered Lively 2000 7%
SBI Flexicap Lively 730  4%
SBI Magnum Lively 133  11%
ICICI Pru Blue Chip Lively 133 5%

Insights and tendencies

Alphabet (Google) stands as a most popular selection, that includes prominently in 4 of the 5 lively schemes talked about. Intriguingly, none of those lively funds presently have publicity to NVIDIA shares.

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