Vested and INDmoney are two leading investment platforms in India that offer you to invest in US stocks. Both platforms offer US stock investment through their US-based broker Drivewealth so they offer similar features in many ways such as low brokerage charges.
However, they are quite different practically, and the decision of which option is best for you can only be made based on your individual investment needs. Let’s understand the difference.
Vested vs INDmoney: Which is Better?
Vested allows you to invest in US stocks and ETFs from India. Vested also offers premium services that offer you unlimited free withdrawals from your US account via Vested Direct (internal platform) along with exclusive readymade portfolios to diversify your investments.
INDmoney is a comprehensive financial planning platform that provides you with personalized investment advice, mutual fund investing, tax optimization, and more.
INDmoney also offers investing in US stocks and ETFs but you can also invest in Indian stocks, mutual funds, and fixed deposits. INDmoney allows you to invest in Indian stocks but doesn’t offer to trade in F&O, commodity, and currency segments.
Vested wins in terms of the versatility of US stock, on the other side, INDmoney wins in terms of becoming an all-in-one personal finance management tool that covers investments, insurance, and loans as well as tracking all your income expenses.
Winner – Both
- You can choose based on your investment preference like if you want to invest in US stock only, then go with Vested.
- If you want a one-stop shop for all your financial needs along with the US stock investment facility, then INDmoney is an ideal choice for you.
Vested vs INDmoney: Investment Options
Vested offers investments in
- US stocks and ETFs – offers fractional investing in US stocks as well as ETFs
- Vests – Specially curated portfolios to diversify your investments
- OTC securities – allows you to invest in cryptocurrencies such as bitcoin, Ethereum, and similar digital currencies.
When it comes to investment options, Vested is limited to the US market only. This means that investors who want to diversify their portfolio with Indian stocks and mutual funds can go with INDmoney.
Because INDmoney offers a wide range of investment options, including Indian and US stocks, mutual funds, and fixed deposits.
INDmoney does allow tracking your cryptocurrency investments but they don’t offer an investment platform for cryptos.
Winner – Vested for US investments and INDmoney for the versatility
Fees and Commission
| Vested | INDmoney | |
| Account opening | Rs 450 | Zero |
| Annual maintenance fee | Zero | Zero |
| US account fund deposit fee | Zero | Zero |
| Brokerage charges | Basic plan: 0.20% of the order amount up to $20 max Premium plan: 0.10% of the order amount up to $20 max | 0.15% per order |
| US account fund withdrawal fee | $5 per transaction for the basic account Free for a premium account | $5 per transaction |
| ETF commission | Zero | Zero |
| Premium account charges | Rs 4500 per year | N.A. |
INDmoney also offers a demat account with brokerage charges similar to Upstox and Groww that is lower of 0.05% to Rs. 20 per executed order.
Winner – INDmoney
Security and Reliability
Vested is a FINRA-registered broker in the USA whereas INDmoney is registered with SEBI, which ensures that they comply with Indian Securities laws and regulations.
Vested is also registered with the US Securities and Exchange Commission (SEC), which provides an extra layer of security for investors. Money invested through Vested is insured by SIPC (Securities Investor Protection Corporation) up to $500,000.
INDmoney has partnered with Bishop for auditing its data privacy and security processes, which ensures a high level of privacy and security of your personal information. You can also go through our detailed INDmoney app Review article for an in-depth review of the financial management platform.
Winner – Both
Customer Support
1. Vested Customer Support
Vested has only two customer support options email and phone.
| Email support | [email protected] |
| Phone | +91 95 1337 5607(Mon – Fri from 10am to 7pm IST) |
2. INDmoney Customer Support
INDmoney on the other hand has a dedicated Escalation Matrix for each asset segment.
US stocks escalation matrix
| Details | Email ID |
| Customer Support | [email protected] |
| Level 1 Escalation | [email protected] |
| Management Escalation | Chief Compliance Officer (Sunny Bajaj): [email protected] Chief Executive Officer (Ashish Kashyap): [email protected] |
Indian stocks escalation matrix
| Details | Contact Person | Contact No. | Email Id | Working Hours |
| Client Servicing | Tushar Tandiwala | 07314852049 | [email protected] | Monday to Saturday9.00 am to 6.00 pm |
| Head of Client Servicing | Deepak Gupta | 07314852021 | [email protected] | Monday to Saturday9.00 am to 6.00 pm |
| Compliance Officer | Ameya M. Bhelekar | 07314852022 | [email protected] | Monday to Friday10.00 am to 7.00 pm |
| Whole Time Director | Nikhil Behl | 07314852061 | [email protected] | Monday to Friday10.00 am to 7.00 pm |
Mutual funds escalation matrix
| Details | Email ID |
| Customer Support | [email protected] |
| Level 1 Escalation | [email protected] |
| Management Escalation | Chief Compliance Officer (Sunny Bajaj): [email protected] Chief Executive Officer (Ashish Kashyap): [email protected] |
Insurance escalation matrix
| Details | Email ID |
| Customer Support | [email protected] |
| Level 1 Escalation | [email protected] |
| Level 2 Escalation | [email protected] |
| Management Escalation | Chief Compliance Officer (Sunny Bajaj): [email protected] Chief Executive Officer (Ashish Kashyap): [email protected] |
INsta Cash loan escalation matrix
| Details | Email ID |
| Customer Support | [email protected] |
| Management Escalation | Chief Compliance Officer (Sunny Bajaj): [email protected] Chief Executive Officer (Ashish Kashyap): [email protected] |
Winner – INDmoney
Why Vested is Better than INDmoney
Vested is better than INDmoney for investing in US stocks, US stock-based ETFs, cryptos (OTC), and investing in Vested curated portfolios called Vests.
You wouldn’t get the options like cryptos or US stock portfolios to invest with INDmoney.
Why INDmoney is Better than Vested
If you want to invest in US stock along with comprehensive financial planning services then INDmoney is better for you.
The INDmoney has better customer support than Vested.
You can also check out our article on how to invest your salary in India to know more investment options for a salaried person.
FAQs
You can transfer your stocks in other demat accounts to INDmoney by checking with your current platform or broker to get the Delivery Instruction Slip to start the transfer process.
Veste doesn’t offer investment transfers from one broker to Vested.
Winner – INDmoney
No, both Vested and INDmoney are transparent about their fees and charges, and there are no hidden costs. However, you should be aware of the transaction charges and taxes associated with your investments, which may vary depending on the type of investment and the jurisdiction.
Yes, both Vested and INDmoney are beginner-friendly platforms that offer simple and intuitive interfaces, as well as educational resources to help you learn more about investing.
However, Vested is suitable for beginner investors who are looking for commission-free trading and fractional investing in US stocks, ETFs, and Cryptos while INDmoney may be a better option for those who want personalized financial planning and portfolio management.
Vested offers individual and joint accounts, while INDmoney offers individual, joint, and corporate accounts.
Vested and INDmoney have no account minimum requirement.
Excellent – Focused review – unbiased