99rises Inc. (“99rises”) was founded by Utpal Diwan in May 2019. 99rises specializes in U.S. securities, specifically in hedge fund and alternative investment strategy offerings. Utpal has managed $1B+ long-short equity portfolios and has worked at multi-billion-dollar funds such as Citadel and D.E. Shaw. Utpal has an Engineering MS from Stanford and an MBA from Columbia.
99Rises is an SEC-registered investment advisor whose portfolios are designed to provide purpose-driven, thematic long-short portfolios that enable users to access investment vehicles and hedge fund strategies previously available only to high-net-worth clients.
If you are looking for an investment strategy that aligns with your values and helps create positive change in the world, look no further than purpose-driven hedge fund-style Vests with 99rises. Our expert team combines traditional financial analysis with a holistic approach to sustainability, social impact, and governance. By investing in 99rises Vests, you’ll grow your wealth and make a meaningful contribution to creating a better future for us all.
99rises Fixed Income
This Vest follows a fixed-income ETF (Exchange-Traded Fund) based investment strategy. Fixed-income ETFs provide exposure to various fixed-income securities with varying maturities, credit ratings, and yields, allowing investors to manage risk and generate income. Subscribe at INR 9,999 / year.
High-risk US equities portfolio focusing on renewable energy sector. Subscribe at INR 14,999 / year.
Why invest through Vested?
Invest in the biggest brands and companies in the world
Lower Portfolio Volatility
Reduce your overall portfolio volatility as US stocks have low correlation with Indian stocks
Invest in US Dollars
Hedge against the falling INR and create a USD fund for goals including foreign education and travel
Create an account with Vested
Fund your account after KYC approval
Invest in 99rises Vests with confidence
We Are Vested
Vested is a US Securities and Exchange Commission Registered Investment Adviser (see risk disclosure). You can view our registration here.
Our online platform enables investors from India to invest in US stocks and ETFs easily.
Commission free investing
No minimum balance
Create account in minutes
Why invest through Vested?
Zero Brokerage US investing.
You can invest in less than one share, as low as US$1. Invest in fractional stocks and ETFs to build diversified portfolios even with small amounts of capital. For example, you can buy a 0.1 share of Amazon for US$300 (assuming cost of 1 share = US$3,000) and still participate in the growth!
Easy and hassle-free digital onboarding
With Vested's completely digital account opening process which includes KYC compliance checks, you can open an account with Vested instantly.
Seamless fund transfer
Transfer funds seamlessly with Vested's partner banks.
Vested works with DriveWealth who is registered with the SEC and a member of FINRA. Each account is insured upto $500K by SIPC and upto $250K by FDIC.
With security factored in with 256-bit encryption and SSL protecting your global investments, Vested uses the state-of-the-art log-in methods, automatic logouts, and ID verification to help prevent unauthorized access.
Investments in stocks, ETFs and Vests
You get an opportunity to invest in more than 1,000 stocks and ETFs listed in the US along with the curated portfolios - Vests.
Commission-free trading means $0 commission trades placed on self-directed accounts via mobile devices or web. Keep in mind, other fees (such as wire and FX conversion fees) may still apply. Please see the pricing section to learn more.
No account opening fee. No brokerage fee when investing in individual stocks/ETFs*. For more information on Wright Research Vest’s pricing, please visit the Vests detail page.
Simplified fund transfer
Transfer funds online easily and cost-effectively.
Easy tax filing
Vested simplifies the tax filing process by providing tax reports as per Indian rules.
Learn More About US Investing
Can investor from India invest in the US?
YES! Under the Liberalised Remittance Scheme (LRS), the Reserve Bank of India (RBI) allows an Indian resident to invest up to USD $250,000 per year in overseas markets.
What is LRS?
Instituted by the RBI, the LRS is a set of policies that governs the maximum amount and purposes of remittance. Under the LRS, an individual can annually send up to USD $250,000 abroad without seeking approval from the RBI. The LRS has made it easier for Indian residents to study abroad, travel, and make investments in other countries.
For the most up to date regulations regarding the LRS please visit here. Please see article 6(iii) for specific LRS regulations regarding investments in equity.
What documents do I need to open an account?
In order to open an account, you will need your PAN number, an image of your PAN card, and proof of address (You can use Aadhaar card, your utility bill, mobile phone bill, bank, or credit card statement. Note: All bills and statements must be within the last 3 months and must have your name on it). The whole process is paperless and can be completed in minutes.
How do I fund my account?
Investments in US equities must be made in USD. You must wire (remit) USD to Vested’s partner bank in the US to fund your account. In order to do this, you must fill out an LRS form (it’s called the A2 form) and submit it to your bank. Do not worry! We will make this process easy for you. When you sign up on our platform, we will guide you through this process. Please note that there are costs involved in the fund transfer process. These costs vary according to the bank you use. For example, there is a fixed cost of between INR 500 – 1500 per fund transfer.
How does fractional investing work?
On the Vested platform you can invest in either full or fractional shares. When your investment is in full shares, our broker partner (DriveWealth) will route the orders to market centers on an Agency basis. When the investment is fractional shares, our broker partner will satisfy the order from its own account, on a Principal basis, at the National Best Bid or Offer (NBBO). NBBO means that DriveWealth cannot add margin to the price. So, if the market price of 1 share of Amazon is $1000, and you purchase 0.1 share of Amazon, you will pay $100 for the 0.1 share. Any orders for both full or fractional shares will be executed via both methods, part as Agent and part as Principal.
How will taxes work?
For our users there are two types of taxation events: (1) Taxes on investment gains: You will be taxed in India for this gain. You will not be taxed in the US. The amount of taxes you have to pay in India depends on how long you hold the investment. 24 months is the long-term capital gain threshold and the tax rate is 20% with indexation benefit. Below 24 months is short-term capital gain and is taxed according to your income tax slab (2) Taxes on dividends: Unlike investment gain, dividends will be taxed in the US at a flat rate of 25%. Fortunately, the US and India have a Double Taxation Avoidance Agreement (DTAA), which allows taxpayers to offset income tax already paid in the US. The 25% tax you already paid in the US is made available as Foreign Tax Credit and can be used to offset your income tax payable in India.