Indmoney and vested helps to invest in US using exactly the same way but indmoney UI is cluttered and they are focusing on lot of things at the same time.
In terms of complaince, they provided the documents and the P&L statement to file ITR and FA schedule at the last moment.
Vested is better as they are focused and their UI is not cluttered. Also they provided those document much earlier for last financial year.
I don’t personally use vested and I am not aware about their charges and other features.
Also, by investing directly in usa and facing a lot of issues for compliance, new money that get invested in US by me is through navi nasdaq 100.
These are the reasons according to me for investing in usa through nasdaq 100(prefably navi acc to my experience) mutual fund
- You need to file the FA schedule in ITR even if your income is non taxable if you do direct us stocks investing. Even if you did not invest in us stocks in that financial year but you hold stocks in us directly, then you need to declare it every year till you sell it all.
- To declare dividend from usa stocks to income tax department, their is totally different method. I don’t invest in dividend paying stocks therefore.
- As I have seen, I am not able to beat nasdaq 100 mostly in bull run.
- Cleartax and other similar sites don’t support declaring capital gain through direct integration with any of the website like Indmoney or vested. Moreover, they also not support uploading excel of P&L for us stocks. It gets too hectic and repetitive to file ITR. I file my ITR through cleartax.
- Investing in nasdaq 100 indian mutual fund is simple and through cleartax direct integration with groww, it gets automatically picked up.
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