Interested In AI? These 10 mutual Funds In India Have The Highest Exposure To AI Stocks

From Google, Meta, and Microsoft to Nvidia, this year is seeing most of the major tech stocks ride the AI boom. As per a PwC report, AI could contribute up to $15.7 trillion to the global economy in 2030, which is more than the current output of China and India combined.

All this indicates how AI is proving to be a game changer in not just the tech industry but perhaps in most sectors. Amidst all this, various Indian mutual fund schemes have been investing in the stocks riding the AI boom. Here's a list of 10 mutual funds in India that have the highest exposure to AI stocks.

10 Mutual Funds With Highest Exposure To AI Stocks

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Passive funds

Let's look at the ETFs and index funds that have substantial investments in AI stocks by virtue of the index composition they replicate. As per the valueresearch report, the top five passive funds with the maximum AI investment are:

Motilal Oswal NASDAQ 100 ETF

Mirae Asset NYSE FANG+ ETF

Motilal Oswal S&P 500 Index Fund

ICICI Prudential NASDAQ 100 Index Fund

Mirae Asset S&P 500 Top 50 ETF

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Active funds

Even active funds¡ªschemes with a fund manager to do their stock picking¡ªhave poured large amounts of Indian investors' money into AI stocks. Let's look at the top five active funds that have invested the most in AI stocks:

Parag Parikh Flexi Cap Fund

SBI Focused Equity Fund

SBI Flexicap Fund

SBI Magnum Global Fund

ICICI Prudential US Bluechip Equity Fund

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Note: The figures are rounded off to the nearest whole number. The list excludes Fund of Funds (FoFs). Alphabet's (Google) Class A and Class C shares are considered. Scheme holding as of October 31, 2023.

Also Read: IBM Claims It Has Saved 12,000 Hours In Last 18 Months By Using AI

Which 8 AI Stocks Are They Investing In?

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Alphabet (Google)-Up 52.88% this year till date

Amazon-Up 70.2% this year till date

Advanced Micro Devices (AMD)- Up 89% this year till date

ASML Holding N.V.-Up 21.8% this year till date

Meta (Facebook)-Up 172% this year till date

Intel-Up 67.3% this year till date

Microsoft-Up 57.5% this year till date

NVIDIA-Up 252.2% this year till date

Also Read; Accenture Announces Plan To Invest $3 Billion In AI

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