Apple top investment bet for Indian investors; Tesla, Netflix among top 10 popular stocks

One popular trend that has picked up especially among Indian investors post the pandemic is investing in the US markets to diversify their portfolios.

Apple Inc on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone. Pic: Reuters

One popular trend that has picked up especially among Indian investors post the pandemic is investing in the US markets to diversify their portfolios.

Apple that created history earlier this week by hitting the $3 trn mark is one of the top traded stocks on investment platforms that offer investing in the US markets, suggest experts.

Apple Inc on Monday became the first company to hit a $3 trillion stock market value, before ending the day a ha

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‘We have seen investor interest in Apple growing over time. In 2021, Apple was the second among the top ten stocks bought on the Vested platform, constituting 14% of the total trades placed on the top 10 stocks’- Viram Shah, Co-founder & CEO, Vested Finance, said.

The world`s most valuable company reached the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music, said a Reuters report.

Also Read: Apple becomes first company to hit $3 trillion market value, then slips

Apple might not be the most popular stock but investment by Indian investors has only risen in the recent past. Tesla takes the cake when it comes to the most popular investment among Indian investors.

“There is significant interest among Indian investors when it comes to Apple's stock. Speaking specifically about Winvesta's platform, the AUM invested directly in the company's shares rose 4x year-on-year in 2021. After Tesla, it was the second most traded stock on our platform in the year gone by,” Prateek Jain, Co Founder & President, Winvesta, said.

Other than Apple, other FAANG components like Facebook, Amazon and Alphabet too were among the most traded stocks are also a popular investment options among Indian investors investing abroad.

“As per RBI data, Indian investors invested about $470 million in foreign equity/debt in 2020-21, which was a 9% year-on-year growth,” Ankit Agarwal, Managing Director, Alankit, said.

“Apart from FAANG (Facebook, Apple, Amazon, Netflix, Google), Indian Investors have been diversifying their investments to the companies of disrupting technologies and businesses that are expected to be the major beneficiaries of
post-pandemic ‘new economic normal,” he said.

The most dynamic themes that are included in the list are Cloud Computing, Spacecraft & Satellites, and Cybersecurity, highlights Agarwal.

We have collated a list of stocks that are popular among Indian investors investing abroad:

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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