How much is Indian MFs' exposure to US tech stocks & how have they performed? Prasad Sawant explains

economictimes.indiatimes.com:

Prasad Sawant, Advisory Head, IIFL Securities, says Mirae Asset, this NYSE FAANG Plus ETF and also Edelweiss US Technology Scheme has also given more than 80% return. Others, like Motilal Oswal Nasdaq 100 ETF have given 20-25% return in the three-year range. Active schemes like DSP US Flexi Cap have given returns in the range of 18%. If I talk about a three-year return, it is in the range of 15% to 20-25% return.

Last week, Nvidia was in news due to the good results and after that the overall return, almost in a year, has gone beyond 170%. But having said that, can we understand the kind of exposure Indian mutual funds have towards US stocks and specifically tech stocks?
Prasad Sawant: We have somewhere around 70 mutual fund schemes in the market as of now which has exposure to US listed stocks. And out of that, few are having direct exposure to these technology stocks. Like if we know Motilal Oswal Nasdaq 100 ETF, then we have Mirae Asset NYSE Fang plus ETF Mutual Fund is there and Edelweiss technology related scheme is there, which is specifically into US technology stocks.

Unlock Leadership Excellence with a Range of CXO Courses

All these schemes have direct exposure to US listed technology stocks. In that, if we know well-known names like Microsoft, Apple, then we have Google, then Nvidia, all these stocks are already there