Vested Finance, an online investment platform that enables Indian investors to invest in the US stock market, saw total investments in the US markets from India grow by 150% in Q2FY21 compared to Q1FY21. The platform registered 70% growth in the number of new accounts opening in India for investing in US equities using Vested Finance’s platform.
The company has seen consistent market affinity towards technology stocks like Tesla, Amazon, Facebook, and Google among others. 40% of Vested’s users invest in the US markets because they want to invest in specific companies listed on the US exchanges, 29% are looking at it from a geographic diversification standpoint, and 21% are saving for future USD spending. Over $10 million was invested in the US stock markets in the last quarter via Vested Finance, doubling their AUM for the second quarter in a row.
Viram Shah, CEO and Co-Founder, Vested Finance said, “Millennials and NRIs have been one of the key segments of investors that joined our platform. They are seeing the value of investing in US stocks and have actively started tracking global equities and have become global investors. In Q2FY21, overall trade volumes on the platform increased 3x compared to the last quarter. Average ticket size is about $400. Owing to fractional investing, people are able to invest smaller amounts as well. ”
Although investors like to invest in technology stocks directly, they want guidance on how to build their portfolios. Hence, 20% of customers have contributed to the rising interest in ‘Vests’, pre-built investment portfolios provided by Vested Finance.
In today’s world, global companies cannot have a global presence without having a sizeable presence in India. Indians who are avid consumers of these global brands have now started investing in them to build their wealth. To facilitate Indian investors to invest in US markets, Vested has now partnered with over 25 different brokers, fintech, and wealth management firms including the likes of Axis Securities, Kuvera, and MasterTrust.
Vested Finance is a California-headquartered U.S. Securities and Exchange Commission (SEC) Registered Investment Advisor (RIA). Vested also has an office in Mumbai.
more recommended stories
Yes Bank Executes Cross-border Live Transaction
MUMBAI:YES BANK today announced the execution.
Union Bank of India Launches 9 Union Learning Academies
MUMBAI:Union Bank of India today launched.
Bluei ‘ECHO 15 Champion’ Wireless Power Neckband Launched
NEW DELHI:Bluei announces its newest Wireless.
Croma’s Festival of Dreams: Fulfil your Dreams with Exciting Offers and Workshops
KOCHI:On the auspicious and much awaited.
Zaggle Launches Zakey Yespay RuPay ON-THE-GO
MUMBAI:Zaggle today announced the launch of.
Pulkit Introduces Corrosion Resistance Steel TMT Bars in South India
KOCHI:Pulkit, Primary Steel bars made in.
LuLu Forex, Jyothy Laboratories Awarded for Best TDS Compliance by IT Department
KOCHI:Kochi based LuLu Forex Pvt. Ltd.,.
Pebble Launches Pocket Friendly Spark Ace Smartwatch
NEW DELHI:Pebble has earned a place.
Goldi Solar Announces Entry into the HJT Technology
KOCHI:Goldi Solar, India’s most quality-conscious solar.
Samsung India, Axis Bank Launch Co-branded Credit Card
KOCHI:Samsung, India’s largest consumer electronics company,.