Meta meltdown: Domestic investors feel the pinch as stock falls 26%

Currently, there are 15 schemes that have investments in Meta, which includes index funds, ETFs, and active funds

The unprecedented drop in the share price of Facebook parent Meta Platforms has caught several domestic investors off guard.

According to the data provided by PRIME MF Database, Indian mutual funds have exposure to the tune of Rs 1,900 crore to Meta. Several schemes have invested a substantial portion of their corpus given Meta’s high weighting in indices, such as Nasdaq 100 and NYSE FANG. Retail investors, who invest directly in overseas stocks, may have exposure of another Rs 100-300 crore, say industry participants.

Sitashwa Srivastava, co-founder and co-chief executive officer (CEO), Stockal, said Facebook is among the top 15