Winvesta introduces platform for Indians to invest in US stocks, ETFs and bonds

By Edil Corneille

London-based new-age wealth-tech platform Winvesta announced that it enables investments in over 3,000 US stocks, ETFs and bonds in a bid to provide Indian investors with better access to global markets.

The company mentioned that overseas investments are quickly gaining pace in India with an increasing number of investors, especially millennials, exploring investments into US markets for portfolio diversification.

Indian investors can now take exposure in over 3,000 popular US stocks and ETFs such as Apple, Google, SPDR S&P 500 ETF, and Vanguard Bond ETF, with no upfront costs, annual maintenance fee, or commissions.

Winvesta’s Co-founder, Prateek Jain said, “The new set of stocks and ETFs have been made available to our investors under the same Free Plan which is available for all our existing customers. This addition makes Winvesta the first and only platform in India where our clients can create a diverse international portfolio without paying any upfront platform costs or even individual brokerage costs.”

The US stock market is said to be the world’s largest and most liquid stock market. In the last decade, the US markets outperformed their Indian counterparts by over 200 per cent in Rupee terms, as mentioned by Winvesta in a press release. Till recently, access to US markets had been complicated and expensive. Winvesta has changed that with its FCA regulated platform that is democratizing overseas investing. It is the only registered international broker that has purpose-built a platform for Indian clients with its partner DriveWealth, a FINRA registered broker-dealer.

Winvesta’s Founder & CEO, Swastik Nigam said, “Winvesta has kept the clients at the centre of building the platform. Thus, we have chosen a very clear framework to provide our clients the platform they deserve. We recognize a need for a simple and affordable solution that provides Indian investors with the flexibility to diversify their investment portfolio securely. Winvesta is establishing itself as a complete solution for overseas investing.”

The new additions of stocks, ETFs and bonds are over 20X more than the earlier available pool of investment options on Winvesta. The company is extremely bullish on India and envisages to take several steps in order to democratize overseas investing in the country.