Big Tech

The Big Tech Portfolio holds a select group of large US-listed technology companies, the businesses that run the platforms, operating systems, cloud services, digital advertising and online commerce that much of the economy now depends on. It is a focused portfolio rather than a broad index, built around companies with large user bases, recurring revenue and the cash flow to keep reinvesting. Vested’s research team decides which companies are included and how much weight each gets. You can see the full list of holdings and their weights once you sign up.

This portfolio may suit you if you want concentrated exposure to the largest US technology companies without buying an entire index, and you are comfortable holding a small number of large positions. It is aimed at long-term investors. It is less suitable if you want diversification across sectors, since this is technology and little else. Note that most broad US index funds already hold these companies heavily, so if you own an S&P 500 ETF, you may be adding to what you already have rather than diversifying.

Yes. Resident Indians can invest in the Big Tech Portfolio through Vested under the RBI’s Liberalised Remittance Scheme (LRS), which currently allows you to remit up to USD 250,000 per financial year for overseas investments. You open a US investment account through Vested, complete a one-time KYC, and transfer money from your Indian bank account. The shares and ETFs are held in your own account in your name, not pooled in a fund, and you can sell and bring the money back to India whenever you want. Gains are taxable in India depending on how long you hold, so factor that into your planning.

Vested reviews every Managed Portfolio, including Big Tech, once a quarter. A review does not automatically lead to a rebalance. The portfolio is only changed if the research team concludes that the existing allocation no longer makes sense, for example when a company no longer fits the theme or when the weights have drifted away from what was intended. Managed Portfolios are non-discretionary, which means nothing is bought or sold in your account on its own. You are notified when a change is recommended and you decide whether to approve it. There are no brokerage or transaction charges on rebalancing trades.

Because buying these companies individually means deciding how much of your money goes into each of a handful of very large names, which is where most people quietly end up over-concentrated. A Managed Portfolio does that groundwork for you: Vested’s research team decides which companies go in, how much weight each one gets, and when something should change. You still own the actual shares and ETFs in your own US account, so you can see exactly what you hold, and this is not a fund unit. It also helps with a problem most people run into on their own, which is quietly ending up with far too much money in one stock. You pay an annual advisory fee on the amount you invest, with no purchase fee, no brokerage on rebalancing trades and no exit load. None of this stops you buying individual US stocks on Vested as well, if you want to do both.

The main risk here is concentration. A handful of very large companies drive most of the portfolio, so one bad quarter or one regulatory decision can move it noticeably. These companies face ongoing antitrust and regulatory scrutiny in several countries, and outcomes are hard to predict. They also trade at valuations that assume continued growth, which leaves less room for disappointment. New technology can shift advantage faster than size protects against. Vested tags this portfolio as high risk. Because the holdings are priced in US dollars, your returns in rupees also depend on how the rupee moves against the dollar over the period you stay invested.

There are five steps. First, sign up on Vested and complete your KYC, a one-time process to open your US investment account. Second, add money by remitting from your Indian bank account under the LRS route. Third, open the Big Tech Portfolio and read through its holdings, risk tag and fee before you commit. Fourth, invest the amount you want. You can start small and add to it over time, and there is no lock-in. Fifth, review it periodically and approve or decline any rebalancing recommendation you are sent. You can withdraw at any time without an exit load.

Because of scale and cash generation. These companies own platforms that are difficult to displace, earn recurring revenue, and generate enough cash to keep funding new areas without borrowing, which is why they, rather than start-ups, are financing most of the current AI infrastructure buildout. They also make up a large share of major US indices, so anyone holding a broad US index fund already owns them. The question for most investors is how much more they want, not whether to own them at all. The counterweight is concentration and regulation: a small number of companies carrying that much index weight means a problem at one of them is felt widely.