SpaceX IPO
Elon Musk’s company SpaceX, considered the world’s richest businessman, is once again in the headlines. There is enthusiasm among investors around the world regarding the possible IPO of the company. According to reports, SpaceX is preparing to raise about $75 billion and the estimated valuation of the company can reach $1.75 trillion. If the IPO comes on time, it could be one of the largest IPOs in the world.
After the news of SpaceX coming into the stock market, the interest of Indian investors has also increased. Although investors living in India will not be able to invest directly in this IPO, but they can definitely take advantage of the potential growth of SpaceX through some mutual funds.
Profit will increase if you join Nasdaq-100
Market experts believe that SpaceX may get a place in the Nasdaq-100 index in the future. This index already includes the world’s biggest tech companies like Apple, Microsoft, Nvidia, Amazon, Alphabet and Meta.
If SpaceX becomes a part of this index, then funds tracking Nasdaq-100 will have to buy its shares. In such a situation, Indian investors investing in these funds will also get the opportunity to indirectly invest in SpaceX.
These 5 Mutual Funds can give exposure to SpaceX
- Currently, there are many mutual funds in India that track Nasdaq-100 Total Return Index (TRI). Axis Nasdaq 100 US Specific Equity Passive Fund of Fund has given annual returns of about 35% since its launch.
- ICICI Prudential Nasdaq 100 Index Fund is considered to be the largest fund in this category. Its asset under management (AUM) is more than Rs 3,000 crore.
- Invesco India Invesco EQQQ Nasdaq-100 ETF Fund of Funds has given annual returns of about 26% since its inception.
- Motilal Oswal Nasdaq 100 Fund of Fund is one of the most popular funds in this category and its AUM is more than Rs 12,000 crore.
- Navi Nasdaq100 US Specific Equity Passive Fund of Fund has also given attractive returns to investors and is becoming increasingly popular.
Excellent track record of Nasdaq-100
The Nasdaq-100 index has performed brilliantly in the last few years. Due to the strong growth of technology companies, this index has given excellent returns to investors. This is the reason why the demand for Nasdaq-100 based funds is continuously increasing among investors who want to invest in global tech companies.
Why are investors eyeing SpaceX?
SpaceX is not just a rocket company, but is considered to play a big role in space technology, satellite internet and the future space economy. Therefore, its IPO remains a center of special attraction for investors.
If SpaceX is included in the Nasdaq-100 index in future, then Indian investors can also get an opportunity to participate in the growth of this global company through mutual funds. In such a situation, investors may keep an eye on Nasdaq-100 based funds in the coming times.
