UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G
                                 (RULE 13D-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13D-1(B), (C), AND (D) AND AMENDMENTS THERETO FILED
                             PURSUANT TO RULE 13D-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. __ )*

                           Mellanox Technologies Ltd.
               ---------------------------------------------------
                                (NAME OF ISSUER)

               Ordinary Shares, nominal value NIS 0.0175 per share
               ---------------------------------------------------
                         (TITLE OF CLASS OF SECURITIES)

                                    M51363113
               ---------------------------------------------------
                                 (CUSIP NUMBER)

                                 August 4, 2010
               ---------------------------------------------------
             (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

     [_]  Rule 13d-1(b)

     [X]  Rule 13d-1(c)

     [_]  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the SECURITIES EXCHANGE ACT of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).





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CUSIP NO. M51363113                    13G                    PAGE 2 OF 6 PAGES
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1    NAME OF REPORTING PERSONS

     Psagot Investment House Ltd.
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2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)
     (a) [_]
     (b) [_]
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3    SEC USE ONLY

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4    CITIZENSHIP OR PLACE OF ORGANIZATION
     Israel
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                     5    SOLE VOTING POWER
                          -
  NUMBER OF          -----------------------------------------------------------
   SHARES            6    SHARED VOTING POWER
BENEFICIALLY              1,741,909 (*) (**)
  OWNED BY           -----------------------------------------------------------
    EACH             7    SOLE DISPOSITIVE POWER
  REPORTING               -
 PERSON WITH         -----------------------------------------------------------
                     8    SHARED DISPOSITIVE POWER
                          1,741,909 (*) (**)
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9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     1,741,909 (*) (**)
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10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See
     instructions)     [_]
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11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
     5.16% (**) (***)
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12   TYPE OF REPORTING PERSON (See instructions)
     CO
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(*) This figure is as of August 4, 2010, when the obligation to file this
Schedule 13G arose.

(**) The securities reported herein are beneficially owned by portfolio accounts
managed by Psagot Securities Ltd., Psagot Exchange Traded Notes (Trade 2000)
Ltd., mutual funds managed by Psagot Mutual Funds Ltd., and provident funds
managed by Psagot Provident Funds Ltd. Each of Psagot Securities Ltd., Psagot
Exchange Traded Notes (Trade 2000) Ltd., Psagot Mutual Funds Ltd., and Psagot
Provident Funds Ltd. (the "Subsidiaries") is a wholly-owned subsidiary of Psagot
Investment House Ltd. The Subsidiaries operate under independent management and
make their own independent voting and investment decisions. Any economic
interest or beneficial ownership in any of the securities covered by this report
is held for the benefit of the owners of portfolio accounts, the holders of the
exchange-traded notes, or for the benefit of the members of the mutual funds or
the provident funds, as the case may be. This Statement shall not be construed
as an admission by Psagot Investment House Ltd. that it is the beneficial owner
of any of the Ordinary Shares covered by this Statement.

(***) Based on 33,738,717 ordinary shares outstanding as of July 30, 2010 (as
reported in the Issuer's Form 10-Q filed with the Securities and Exchange
Commission on August 4, 2010).


                                       2





ITEM 1.   (a)  NAME OF ISSUER:

               Mellanox Technologies Ltd.

          (b)  ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

               Hermon Building, Yokneam, Israel 20692

ITEM 2.   (a)  NAME OF PERSON FILING:

               Psagot Investment House Ltd.

               The securities reported herein are beneficially owned as follows:
               251,349 (representing 0.74% of the total ordinary shares
               outstanding) shares beneficially owned by portfolio accounts
               managed by Psagot Securities Ltd., 264,272 (representing 0.78% of
               the total ordinary shares outstanding) shares beneficially owned
               by Psagot Exchange Traded Notes (Trade 2000) Ltd., 198,529
               (representing 0.59% of the total ordinary shares outstanding)
               shares beneficially owned by mutual funds managed by Psagot
               Mutual Funds Ltd., and 1,027,759 (representing 3.05% of the total
               ordinary shares outstanding) shares beneficially owned by
               provident funds managed by Psagot Provident Funds Ltd. Each of
               the Subsidiaries is a wholly-owned subsidiary of Psagot
               Investment House Ltd.

          (b)  ADDRESS OF PRINCIPAL BUSINESS OFFICE:

               Psagot Investment House Ltd. - 14 Ahad Ha'am Street, Tel Aviv
               65142, Israel

          (c)  CITIZENSHIP:

               Psagot Investment House Ltd. - Israel

          (d)  TITLE OF CLASS OF SECURITIES:

               Ordinary Shares, NIS 1.00 par value per share

          (e)  CUSIP NUMBER:

               M51363113

ITEM 3.        N.A.

ITEM 4.        OWNERSHIP:

          (a)  AMOUNT BENEFICIALLY OWNED:

               See row 9 of cover page of each reporting person.

               The Subsidiaries operate under independent management and make
               their own independent voting and investment decisions. Any
               economic interest or beneficial ownership in any of the
               securities covered by this report is held for the benefit of
               owners of the managed portfolio accounts, holders of the
               exchange-traded notes, or for the benefit of the members of the
               mutual funds or the provident funds, as the case may be.


                                       3





          (b)  PERCENT OF CLASS:

               See row 11 of cover page of each reporting person

          (c)  NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

               (i)  Sole power to vote or to direct the vote:

                    See row 5 of cover page of each reporting person

               (ii) Shared power to vote or to direct the vote:

                    See row 6 of cover page of each reporting person and note in
                    Item 4(a) above

               (iii) Sole power to dispose or to direct the disposition of:

                    See row 7 of cover page of each reporting person

               (iv) Shared power to dispose or to direct the disposition of:

                    See row 8 of cover page of each reporting person and note in
                    Item 4(a) above

ITEM 5.        OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

               N.A.

ITEM 6.        OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER:

               N.A.

ITEM 7.        IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
               ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
               COMPANY OR CONTROL PERSON:

               N.A.

ITEM 8.        IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

               N.A.

ITEM 9.        NOTICE OF DISSOLUTION OF GROUP:

               N.A.


                                       4





ITEM 10.       CERTIFICATION:

     By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.


                                       5





                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

October 3, 2010
                                                   PSAGOT INVESTMENT HOUSE LTD.


                                                   /s/ Lilach Harel
                                                   ----------------------------
                                                   By: Lilach Harel
                                                   Title: Vice President


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