Kuvera.in Partners With Vested Finance to Offer International Investing for Indian Investors
To Give Access to U.S Stock – Netflix, Facebook, Tesla and the Likes in Just a Few Clicks
India’s fastest growing online investment platform Kuvera.in, has partnered with Vested Finance, an online investment platform that enables Indian investors to invest 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.
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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. The choice for US markets is simple, in our view. As mentioned earlier US is 66% of MSCI global, and US 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.”
Viram Shah, CEO and Co – Founder, Vested Finance said, “We are glad to partner with Kuvera.in, they have been at the forefront of providing easy access to digital investment opportunities. At Vested our mission is to enable sustainable wealth creation by allowing local investors to go global and this partnership takes us one step closer to this mission. We are currently at an inflection point in terms of US investing from India. Over the next few years we will see US and India stocks becoming part of many Indian investors’ portfolio. We are excited to be a part of this revolution.”
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Launched through Vested – a US Securities and Exchange Commission Registered Investment Advisor, Kuvera.in will offer this service investors from India to invest in US Stocks and ETFs easily and commission free.
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 following features to the customers who are interested to invest in US markets
- Unlimited commission-free investing in the US markets
- 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
- Tax reports as per Indian regulations
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