Apple Continues to be Global Top Pick Amid Strong Indian Mutual Fund Interest
India's Mutual Funds Pile into Apple Ahead of Leadership Transition
As of 31 March 2026, Indian mutual fund schemes have amassed a significant exposure to Apple, with a total of 765,000 shares valued at approximately Rs 1,828 crore across 8 schemes. This comes after Apple CEO Tim Cook announced his resignation, marking a major transition at the technology giant.
According to scheme-wise data from primeMFdatabase.com, the exposure is spread across international equity funds, thematic technology strategies, and index-tracking ETFs that replicate major US benchmarks such as the Nasdaq 100 and S&P 500. The largest contribution comes from passive funds, reflecting the strong preference among Indian investors for global large-cap technology exposure through low-cost index products.
| Scheme Name | Apple Shares | Value (Rs Cr) |
|---|---|---|
| Motilal Oswal NASDAQ 100 ETF | 351,000 | 838 |
| Mirae Asset NYSE FANG+ ETF | 142,000 | 342 |
| Motilal Oswal S&P 500 Index Fund | 110,000 | 261 |
| ICICI Prudential NASDAQ 100 Index Fund | 88,131 | 211.71 |
| Mirae Asset S&P 500 Top 50 ETF | 45,401 | 109 |
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Among individual schemes, the Motilal Oswal NASDAQ 100 ETF holds the highest exposure to Apple. Actively managed technology and global equity funds also maintain exposure to Apple, though at a smaller scale compared with index-linked products.
| Scheme Name | Apple Shares | Value (Rs Cr) |
|---|---|---|
| Edelweiss Technology Fund | 14,346 | 34 |
| Franklin India Technology Fund | 7,579 | 18 |
| Aditya Birla Sun Life International Equity Fund | 5,800 | 14 |
Index-linked funds have been the standout performers, data from Value Research shows. The Motilal Oswal NASDAQ 100 ETF delivered 10.67% in one month, 57.98% in one year, and 31.91% over three years, while also compounding at 18.86% over five years and 23.17% over ten years, reflecting sustained long-term strength in US technology leadership.
Apple's stock saw a minor dip after the announcement on April 20 before closing in the green, around 1.04 percent higher. Cook has been the CEO of Apple since August 2011, when founder and CEO Steve Jobs stepped down from his position. Since then, the stock has gained nearly 2000 percent, with a market-cap increase from around $350 billion to nearly $4 trillion today.
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