SpaceX IPO: 5 Indian Mutual Funds That Can Offer Exposure to the Space Giant After Its Listing

Elon Musk-backed SpaceX IPO plans have drawn significant attention to global index-linked investment products, particularly funds tracking the Nasdaq-100. 

SpaceX is reportedly seeking to raise about $75 billion, positioning it among the largest public offerings globally. The company is expected to debut on June 12 under the ticker symbol SPCX. 

If included in the Nasdaq-100 index, passive funds tracking the benchmark would be required to allocate capital to the stock, potentially increasing indirect exposure to aerospace and satellite communications. 

Nasdaq-100 Constituents and Index Impact 

The Nasdaq-100 includes major global technology and growth companies such as Apple, Microsoft, Nvidia, Amazon, Alphabet, and Meta. 

A potential inclusion of SpaceX in the index could trigger passive inflows from index-tracking funds, as benchmark replication strategies require proportional stock allocation. 

Indian Mutual Funds Tracking Nasdaq-100 

For Indian investors, Nasdaq-100-linked mutual funds remain one of the few indirect routes to gain exposure to global technology companies. However, fresh inflows into several schemes have been restricted due to overseas investment limits set by regulators. 

Axis Nasdaq 100 Fund of Fund 

From Axis Mutual Fund, a scheme named Axis Nasdaq 100 US Specific Equity Passive Fund of Fund was launched on November 1, 2022. The scheme has delivered an annualised return of 35.03% since inception and manages an AUM of ₹208 crore. 

ICICI Prudential Nasdaq 100 Index Fund 

From ICICI Prudential Mutual Fund, a scheme named ICICI Prudential NASDAQ 100 Index Fund was launched on October 18, 2021. It has generated an annualised return of 20.71% since inception, with an AUM of ₹3,254 crore. 

Invesco Nasdaq-100 FoF 

From Invesco Mutual Fund, a scheme named Invesco India EQQQ Nasdaq-100 ETF Fund of Fund was launched on April 21, 2022. The fund has delivered an annualised return of 26.27% since inception and manages an AUM of ₹445 crore. 

Motilal Oswal Nasdaq-100 Fund of Fund 

From Motilal Oswal Mutual Fund, a scheme named Motilal Oswal Nasdaq 100 Fund of Fund, launched in November 2018, has delivered an annualised return of 28.96% since its inception and holds an AUM of ₹12,814 crore. 

Navi Nasdaq-100 Fund of Fund 

From Navi Mutual Fund, a scheme named Navi Nasdaq100 US Specific Equity Passive Fund of Fund was launched in March 2022. It has delivered an annualised return of 24.20% since inception and manages an AUM of ₹1,179 crore. 

Read More: SpaceX IPO Filed: $1.7 Trillion Valuation Target, Nasdaq Listing Under Symbol SPCX 

Nasdaq-100 Performance Trends 

As of June 9, 2026, the Nasdaq-100 has delivered over 35.16% returns in the last 1 year and more than 16% in the current calendar year. 

Over a longer horizon, the index has delivered 26.60% returns over 3 years and 16.31% over 5 years, reflecting sustained strength in global technology-led markets. 

Conclusion 

SpaceX IPO developments and its potential inclusion in the Nasdaq-100 have increased attention on index-linked mutual funds in India. With five domestic schemes tracking the benchmark, investors continue to watch global technology exposure opportunities through passive investment routes. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.