NEW DELHI: Even as cash volumes are drying up on NSE and the number of new Demat account openings are moderating, Indian investors are busy loading up on their other favourite US stocks. Vested Finance, a leading US stock investment platform, saw its trading volumes grow by 22 per cent in the June quarter.
Indian Investors continued to be net buyers with buy volume 2X of sell volumes during the quarter. Top stock picks include Tesla, Amazon, Apple, Microsoft, Google, Facebook, and Twitter.
While investing in the top tech stocks has been popular, investors have also taken the ETF route, especially index ETFs, to diversify their portfolios and get exposure to the US markets. The Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 index, and the Invesco QQQ ETF (QQQ), which tracks the Nasdaq 100, are among the top ETFs traded on the platform, Vested Finance said.
In March 2022, Vested launched Do-It-Yourself (DIY) Vests, which lets users create their own portfolios and invest in them. By the end of the June quarter, about 7,000 users had created over 11,000 DIY Vests on the platform.
Viram Shah, CEO and Co-Founder, Vested Finance, said amid the massive sell-off in tech stocks, investors are buying into the dip.
“Also, index ETFs are a low-cost way to get exposure to the markets and are a favourite with long-term investors. User interest in creating and investing in DIY Vests shows that Indian investors have matured considerably, when it comes to investing in the US markets and can do their research and create their portfolios,” he said.
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