The partnership will offer features such as unlimited commission-free investing, fractional investing - ability to buy less than one share, enabling to invest as low as $1 for high priced shares such as Amazon, Google, or Berkshire Hathaway - simplified remittance process through partnerships with banks to enable online and pick up remittance service and tax reports as per Indian regulations
MUMBAI, Sep 07 (BNC Network) India’s fastest growing online investment platform Kuvera.in, has partnered with Vested Finance, to enable Indian investors to play in the US stock market in a manner that’s never been possible before.
With easy and commission-free access to the US market through Vested Finance, investors can enjoy the benefits of geographical diversification and safeguard their portfolios from a single currency risk. This partnership will provide an opportunity to directly invest in U.S stocks such as Netflix, Facebook, Apple, Tesla and the likes, while providing a chance to diversify investor portfolio beyond the Indian stock market.
Speaking on the partnership, Gaurav Rastogi, Founder & CEO – Kuvera.in said, “International markets do offer a lot of benefits and a 10 – 20% allocation to them will make your portfolio more resilient to domestic wobbles. Since 2017, when we started; our recommended portfolio has a 13% exposure to a Mutual Fund investing in US markets.”
He explained that the US is 66% of MSCI global, and they companies generate over 40% of revenue from global activities. US exposure, at least currently, is a good proxy for global exposure. Further, US markets have long histories, are deep in terms of liquidity, have strong corporate governance and are home to best in class companies across multiple industries. “We are constantly in the process of reimagining investment opportunities for our discerning users and believe this is another step towards portfolio diversification,” he added.
“We are currently at an inflection point in terms of US investing from India,” said Viram Shah, CEO and Co – Founder, Vested Finance. Over the next few years will see US and India stocks becoming part of many Indian investors’ portfolio.
International investing provides the investor the opportunity to directly invest in the parent stock rather than an indirect route of investing in its India entity and this through a perfectly legal route following the RBI’s Liberalized Remittance Scheme (LRS) guidelines that governs the maximum amount and purposes of remittance. Under the LRS, an Indian resident can send up to $250,000 abroad annually without seeking approval from the RBI.
The partnership will offer features such as unlimited commission-free investing, fractional investing - ability to buy less than one share, enabling to invest as low as $1 for high priced shares such as Amazon, Google, or Berkshire Hathaway, simplified remittance process through partnerships with banks to enable online and pick up remittance service and tax reports as per Indian regulations