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Updated on: Tuesday,August 17, 2021, 05:00 PM IST

Religare Broking introduces investment in foreign equities; collaborates with Vested Finance

Investors can invest in fractional shares with as low as $1 | Photo credits: pexels.com

Investors can invest in fractional shares with as low as $1 | Photo credits: pexels.com

Religare Broking Ltd. through its partnership with Vested Finance has introduced foreign stock markets on its broking platform wherein clients can diversify their portfolio with international stocks. This partnership will enable investors to directly invest in US stocks that they consume on a regular basis including Apple, Amazon, Netflix, Facebook, etc., said the company in a press statement.

Vested Finance is an online investment platform.

How it works

Religare Broking Ltd. and Vested Finance will provide Indian investors an exposure to the US stock market which captures over 50 percent of the global equity value via multiple investment instruments like stocks, ETFs, and curated investment portfolios called Vests. Investors can invest in fractional shares with as low as $1. The entire process involves digital on-boarding, commission-free investing, seamless USD deposits and easy withdrawals.

Following are some of the features of the offering:

Zero commission: Unlimited transactions in US stocks with zero brokerage charges*

Fractional investing: Ability to buy less than one share, enabling to invest as low as $1 for high priced shares such as Tesla, Apple, Amazon, Google, or Berkshire Hathaway

Vests: Professionally curated portfolios of stocks and ETFs

Simplified remittance process: Partnerships with banks to enable cost-effective fund transfers

Investor support and safety: Assistance for the investors throughout the journey along with safety and security of the funds via SIPC and FDIC insurance

Basic and Premium plans are offered by Religare Broking for investing through Vested Finance and the limited period offer has a discount voucher accordingly.

Vests are curated portfolios that allow investors to get started in an easy manner. Through Vests, investors can invest in themes like SaaS, Digital Cash, All Weather Portfolios and across multiple asset classes depending on investors’ risk profile.

Gurpreet Sidana, Chief Operating Officer, Religare Broking Ltd. said, "There is a clear interest and demand for international equities as Indian investors look for avenues to diversify their portfolios and take advantage of the burgeoning international stock markets. With Vested, investors can also look at ready portfolios and research that can help them make an informed decision."

Speaking on the partnership, Viram Shah, Co-Founder and CEO, Vested Finance, said, “There is growing awareness among Indian investors to diversify their portfolio internationally. It has never been easier to access the global markets from India.”

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Published on: Tuesday,August 17, 2021, 05:00 PM IST

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