Nvidia shares fell 6.04 percent to $163.23 in early US trading on November 12, down $10.50 from the previous close of $173.73, as the leadership crisis surrounding the US chipmaker intensified. The stock has now fallen nearly 33 percent from its 52-week high of $243.37.
The selloff comes as Nvidia co-founder Jensen Huang resigned as chief executive, with chief financial officer Colette Kress taking charge on an interim basis. For Indian mutual fund investors, the turmoil has raised an important question: Which schemes hold Nvidia shares, how much of their portfolios are exposed to the chipmaker, and what could the continued volatility mean for their investments?
"Jensen Huang’s resignation marks a significant leadership transition for Nvidia, particularly because he has been instrumental in shaping the company’s position at the centre of the global AI industry," said a Vested spokesperson.
An analysis of ACE MF's October 2026 portfolio data identified 13 Indian mutual fund schemes and exchange-traded funds (ETFs) with direct holdings in Nvidia. The allocations ranged from 0.63 percent to 12.12 percent of scheme assets.
The highest exposure was in Mirae Asset S&P 500 Top 50 ETF, which had 12.12 percent of its portfolio in Nvidia. Mirae Asset NYSE FANG+ ETF followed at 10.02 percent. Among Nasdaq-focused schemes, Motilal Oswal Nasdaq 100 ETF and ICICI Prudential NASDAQ 100 Index Fund had allocations of around 8.02 percent each.