Religare Broking has partnered with Vested Finance to introduce foreign stock markets on its broking platform for Indian customers.
The brokerage firm boasts over one million clients who have now gained access to international stocks, which promotes geographical diversification to safeguard their portfolios.
Vested Finance providers brokers with access to its US stock offering, which includes Apple, Amazon, Netflix, and Facebook in a smooth and hassle-free manner.
The US stock market currently captures over 50% of the global equity value via multiple investment instruments. The enhanced stock offering includes access to fractional shares, digital on-boarding, commission-free investing, USD deposits, and easy withdrawals.
The partnership with Vested Finance also allows Religare Broking customers to gain exposure to the firm’s curated portfolios called Vests, which are bundled by themes such as SaaS, Digital Cash, All Weather Portfolios, and across multiple asset classes.
Gurpreet Sidana, Chief Operating Officer, Religare Broking. commented: “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. Besides, we live in an age where investors are increasingly aware of global brands in exciting sectors including new-age businesses, technology and healthcare. With Vested, investors can also look at ready portfolios and research that can help them make an informed decision.”
Viram Shah, Co-Founder & CEO, Vested Finance, said, “At Vested, we believe that global investing is truly a need rather than a choice and we are excited to partner with Religare to make the world’s largest market accessible to Indian investors. There is growing awareness among Indian investors to diversify their portfolio internationally. It has never been easier to access the global markets from India. At Vested, our mission is to enable sustainable wealth creation by enabling these investors to go global.”
Besides, the fractional shares offering with zero brokerage charges and “Vests”, Religare Broking has simplified its remittance process via partnerships with banks to enable cost-effective fund transfers and enhanced investors support and safety of the funds via SIPC and FDIC insurance.
Religare Broking has two packages – Basic and Premium plans – to provide access to Vested Finance’s offering, which is delivered by DriveWealth since 2019.
DriveWealth has signed Vested Finance back in 2019, thus opening up US equity markets to Indian investors.
The company has developed a proprietary ecosystem powered by licenses to clear fractional-share orders. Partners around the world and hundreds of thousands of clients have access to invest in a highly stable, liquid, and regulated financial system. The proprietary infrastructure allows investors to purchase securities without minimum account balances, high transaction costs or full share quantities.