Witnesses 70% growth in
new account openings
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.
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.