MUMBAI:
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 grew 20% month-on-month in May 2020. The platform registered 30% growth in the number of people who have transferred USD into their accounts for the first time.
Currently, the company is witnessing strong growth among the NRI segment. 10% of their current user base is NRI. They are aiming to push this number to 20% by end of 2020. The company currently serves NRIs from 60 different countries.
Viram Shah, CEO and Co-Founder, Vested Finance said, “There is strong interest in geographic diversification from Indians across the globe. They are seeing the value of investing in US stocks and have started actively tracking global equities and have become global investors.”
“In June, we are seeing our fastest ever growth wherein the total amount of deposits in 15 days has already crossed all of May. We witnessed 2x increase in deposits in the month of June compared to March and 10x increase in our AUM over the period of past nine months. ”
In today`s world, global companies cannot have a global presence without having a sizeable presence in India. The observations have indicated that more and more international companies are seeing potential to invest in India, garnering interest among Indian investors to invest in those companies.
Investors across the world have now increasingly started taking into consideration the non-financial impact of companies that they invest in. One interesting investing trend that Vested Finance has seen in ESG investing. Today ESG investing is estimated at over $20 Trillion in AUM or a quarter of all professionally managed assets around the world. It started with a few ESG specialist firms has now become so extensive that nearly every reputed asset management company has multiple ESG funds. There is a total of 350 ESG funds and ETFs available in the US.
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
Tap Potential of Rural Sector for Building Social Enterprises: Experts at RIBC 3.0KASARGOD:The Third Rural India Business Conclave.
KSUM-backed Poster Maker Wizad Clocks 1 Lakh DownloadsKOCHI:Wizad AI Poster Maker, an app.
Include Financial Literacy in Academic Curriculum: Experts at Money ConclaveKOCHI:Experts today cautioned against using stock-market.
Fintech has World Following India: Experts at International ConclaveKOCHI:India’s achievements in the fintech sector.
MarketBytes WebWorks Opens New Office at Infopark CherthalaALAPPUZHA:Major digital solutions provider MarketBytes WebWorks.
KSUM Invites Applications for Fab Academy 2025 CourseKOCHI:Superfablab under the Kerala Startup Mission.
Invest Kerala Global Summit: Minister Rajeeve Launches “Unbox Kerala” CampaignTHIRUVANANTHAPURAM:Highlighting Kerala’s unmatched potential as a.
Inculcate Responsible Financial Management Among Public: MinisterKOCHI:The public must be made aware.
India Can Emerge World’s Leader in Real-estate Investment: Money ConclaveKOCHI:Real Estate Investment Trusts (REITs) are.
Two-day Money Conclave 2024 Summit to Begin on WednesdayKOCHI:Ministers P. Rajeev and K.N. Balagopal.