Tag: Stockal

Business World

Moneycontrol’s partnership with Stockal empowers its users with a single platform to invest globally

Feb 24, 2021 by Neel Achary 0 Comments #Co-founder & Co-CEO, #Moneycontrol Desktop, #Network18, #President – Digital & Corporate Strategy, #Puneet Singhvi, #Stockal, #Vinay Bharathwaj

Mumbai: As the world adapts to the newly defined normal, global investments and wealth management too have undergone significant transformations. Striving ahead with its objective of helping investors and analysts stay on top of their financial game, Moneycontrol, India’s leading business and finance news platform introduces its maiden cross-border Investment product powered by Stockal. In partnership with Stockal, a platform that enables investments in a diverse set of global assets, Moneycontrol will now allow its users to invest in the US stock market – seamlessly and affordably.

Through this, Moneycontrol and Stockal aim to help users invest in the global markets without any complications in a hassle-free, secure & compliant manner. Available on the website and application, users can start investing in foreign markets by logging into Moneycontrol Desktop/App/Wap on the Menu Bar(where Invest Global Tab)is located. Upon clicking it, the user will be directed to a co-branded microsite. In 3-easy steps, which starts from registration, identity confirmation (KYC submission,ID & Address Proof), and fund addition, users can start operating their global investing account, track their investments, and manage their portfolio performance all at one place.

Sharing his thoughts, Puneet Singhvi, President – Digital & Corporate Strategy, Network18 said, “Keeping abreast of market trends has seen us consistently serve our users with offerings and services that help them make better, well-informed investment decisions. With our investors having a keen eye on Indian as well as global markets, we have once again pushed boundaries by driving innovation through a highly engaging and value-added service. Technology has transcended boundaries in the financial and business space and our collaboration with Stockal sees us make it to the next step in cross-border investments. Ensuring that the Indian investor is now able to track and invest in global markets at their fingertips, we are proud of this partnership that keeps the user at the top of their game.”

Vinay Bharathwaj, Co-founder & Co-CEO, Stockal said “We are really excited about this partnership with Moneycontrol to make global investing accessible to each and every Indian investor. I know that many of the investors are under the misconception that investing in US stocks is very expensive. Joining hands with Moneycontrol helps us expand our reach to customers to demonstrate that cross border investments are simple and affordable. With the ability to trade in fractional equities and with no account minimums, it has become very easy to invest and participate in the growth of your favourite global companies. This partnership will ensure greater awareness on global investing and open up doors for millions of Indian investors who would like to invest globally”.

Business World

Zebu to offer trading facilities in the US for its investors

Nov 11, 2020 by Gouri Achary 0 Comments #Finance, #investors, #Stockal, #Trading, #V Vijayakumar, #Wealth managemen, #Zebu, #Zebu Share and Wealth Managements Pvt Ltd, #Zebull

Zebu Share and Wealth Managements Pvt Ltd, a leading financial services solution provider in India, will be offering trading facilities in the US for its investors. It is one of the few financial players in the market to be offering this facility for ushering Indians seamlessly in the global market. According to Reserve Bank of India (RBI) a resident Indian can invest up to $250,000 overseas each year under the Liberalized Remittance Scheme (LRS).

US stock markets are home to some of the fastest-growing companies in the world. For creating this investment opportunity, Zebu has collaborated with US-based Finance and Wealth management start-up- Stockal. Headquartered in New York, with its India office in Bangalore, Stockal is backed by investors with pioneering backgrounds in financial services and technology in the United States, UK, India and Singapore.

V Vijayakumar, Founder & CEO, Zebu said, “We have seen a huge spike in the number of investors taking interest in the stock market in the last seven months owing to the lockdown. It has helped us further expand our customer base. Stockal is building a platform that enables investments in a diverse set of global assets from a single account, from anywhere in the world. Through this facility of overseas investment, we want to offer our clients an option to diversify their portfolio outside of the Indian market and access multi-asset investment opportunities. People are these days interested in new-age technology companies. While Indian stock market offers various exciting investment opportunities, the US market is known for its tech giants- in which people are keen to invest.”

The lockdown has sparked interest in people around trading and exploring the stock market and other financial services. It is interesting to note that most of Zebu’s investor/trader user base consist of people below the age of 40. In the digital era, it has become imperative for all to make use of safe technology to make lives easier. Currently, Zebu is offering a Trade on-the-go platform- Zebull. It is that helps its customers to execute their orders own.