NVIDIA's shares just took a 6.04% hit after CEO Jensen Huang stepped down, pushing the stock down nearly 33% from its 52-week high of $243.37.
That has got a lot of eyes on the 13 Indian mutual funds holding NVIDIA, especially Mirae Asset S&P 500 Top 50 ETF, which has 12.12% of its money in the company.
Other funds like Mirae Asset NYSE FANG+ ETF and Motilal Oswal Nasdaq 100 ETF also have notable stakes.
Fund impact depends on NVIDIA exposure
How much this hurts each fund depends on how much NVIDIA they own and what else is in their portfolios.
For international funds, swings in the rupee can add another layer of unpredictability.
Plus, since fund managers might have already made changes since October, actual exposure to NVIDIA could be different now.