Investing in SpaceX: Top 5 Indian Mutual Funds for Exposure
SpaceX IPO: 5 Indian mutual funds that can offer exposure to space giant
Image: The Economic Times
SpaceX's upcoming IPO, aiming to raise $75 billion at a valuation of $1.75 trillion, has sparked interest in mutual funds linked to the Nasdaq-100. Indian investors can consider five mutual funds tracking this index for indirect exposure to SpaceX's growth potential.
- 01SpaceX plans to debut on June 12 under the ticker SPCX, raising $75 billion.
- 02The Nasdaq-100 includes major tech firms like Apple and Microsoft, and SpaceX's inclusion would require funds to buy its shares.
- 03Five Indian mutual funds currently track the Nasdaq-100 Total Return Index, with three having assets over ₹1,000 crore.
- 04The Axis Nasdaq 100 US Specific Equity Passive Fund has delivered a 35.03% annualized return since its launch.
- 05The Nasdaq-100 has shown strong performance, with over 35.16% returns in the last year.
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SpaceX, led by Elon Musk, is preparing for a significant IPO, aiming to raise approximately $75 billion at a valuation of around $1.75 trillion, positioning it among the world's most valuable companies. The stock is set to debut on June 12 under the ticker symbol SPCX. This potential inclusion in the Nasdaq-100 index has garnered attention from investors, as funds replicating this index would need to purchase SpaceX shares, thereby providing indirect exposure to the aerospace giant. For Indian investors interested in this opportunity, five mutual funds that track the Nasdaq-100 Total Return Index are available. These include the Axis Nasdaq 100 US Specific Equity Passive Fund, ICICI Prudential NASDAQ 100 Index Fund, Invesco India – Invesco EQQQ Nasdaq-100 ETF Fund of Fund, Motilal Oswal Nasdaq 100 Fund of Fund, and Navi Nasdaq100 US Specific Equity Passive Fund of Fund. Notably, the Axis fund has achieved an impressive annualized return of 35.03% since its launch. The Nasdaq-100 index has also performed well, delivering over 35.16% returns in the past year.
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Investors in India can gain exposure to SpaceX's potential growth through mutual funds linked to the Nasdaq-100.
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