This application tracks all of your investments, loans, taxes, and credit card expenses. It also rewards you with free US stocks for spending on a credit card, and you can earn cryptocurrency for your good financial practices. You can also earn rewards for referring friends to the app. Premium services, however, are a chargeable extra. Let’s take a look at some of the pros and cons of using INDmoney for buying US stocks.
Vested allows fractional investing. You can start with as little as Rs 100 to build a portfolio of US stocks. The US stock market automatically calculates how many shares you own, and you can even invest as little as Rs 100. This feature is worth trying if you’d like to buy US stocks in the near future. There are also multiple payment methods to make the process more convenient.
In order to purchase US stocks with INDmoney, you’ll need to set up a bank account with net banking. Once you’ve set up an account, you’ll have to set up beneficiary information in your net banking account. After that, you can start investing in US stocks. The app will categorize the stocks according to their market cap and type. You can also invest in US ETFs by using fractional trading.
INDmoney has continued its growth in India, with increased mentions in social media. The positive investor experience of the company continues to drive monthly account opening to new highs. The company has also teamed up with a fintech startup, DriveWealth, to develop an innovative product solution. INDmoney is SEBI-registered, making it secure and completely secure. A lot of investors trust INDmoney, and they’re confident enough to back it.