SpaceX IPO: 5 Indian mutual funds that can offer exposure to space giant

Elon Musk-led SpaceX IPO has drawn attention to mutual funds tracking the technology-heavy benchmark. SpaceX is seeking to raise about $75 billion at a valuation of roughly $1.75 trillion, making it one of the largest public offerings ever and placing the company among the most valuable listed firms in the world. The stock is expected to debut on June 12 under the ticker symbol SPCX.The Nasdaq-100 comprises some of the world’s largest technology and growth-oriented companies, including Apple, Microsoft, Nvidia, Amazon, Alphabet and Meta. If SpaceX is added to the index, funds replicating the benchmark will be required to purchase the company’s shares, giving investors indirect exposure to the aerospace and satellite communications giant.

Also Read | Retired with 100 stocks and Rs 60,000 SIPs? Expert explains how to simplify your portfolio and plan withdrawals

For Indian investors looking to participate in the potential growth story of SpaceX, Nasdaq-100-linked mutual funds offer one of the few indirect routes. However, fresh investments into most Indian schemes tracking the index remain restricted after hitting overseas investment limits prescribed by regulators.

Five Indian mutual funds tracking Nasdaq-100

Currently, there are five Indian mutual fund schemes that track the Nasdaq-100 Total Return Index (TRI), with three of them managing assets exceeding Rs 1,000 crore.

Axis Nasdaq 100 US Specific Equity Passive Fund of Fund

Introduced on November 1, 2022 and managed by Krishnaa N, the scheme has delivered an annualised return of 35.03% since launch. It had an AUM of Rs 208 crore.

ICICI Prudential NASDAQ 100 Index Fund

Launched on October 18, 2021 and managed by Sharmila Dmello, the scheme has generated an annualised return of 20.71% since inception. It had an AUM of Rs 3,254 crore.

Invesco India – Invesco EQQQ Nasdaq-100 ETF Fund of Fund

Launched on April 21, 2022, the fund is managed by Abhishek Bahinipati. Since inception, its direct plan has delivered an annualised return of 26.27%. It had an AUM of Rs 445 crore

Motilal Oswal Nasdaq 100 Fund of Fund

This is among the oldest offerings in the category, having been launched in November 2018. Managed by Swapnil P. Mayekar, the scheme has delivered an annualised return of 28.96% since launch. It had an AUM of Rs 12,814 crore

Also Read | MF Tracker: Nippon India Value Find turns Rs 10,000 SIP to Rs 1.56 crore in 21 years

Navi Nasdaq100 US Specific Equity Passive Fund of Fund

Launched in March 2022 and managed by Ashutosh Shirwaikar, the scheme has delivered an annualised return of 24.20% since inception. It had an AUM of Rs 1,179 crore.

As of June 9, 2026, the Nasdaq-100 has delivered returns of more than 35.16% over the last year and over 16% in the current calendar year. In the last three years, the index gave a return of 26.60% and in the last five years it gave a return of 16.31%.

With SpaceX’s potential inclusion in the benchmark drawing investor attention, Nasdaq-100-linked funds are likely to remain in focus among investors seeking exposure to global technology leaders through the mutual fund route.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.