Top 3 most US stocks Tesla, Nio, and Riot Blockchain bought by Indians : Winvesta Investor Pulse Report

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Top 3 most US stocks Tesla, Nio, and Riot Blockchain bought by Indians : Winvesta Investor Pulse Report.UK headquartered leading Fintech platform, Winvesta, which enables investments in over 3500 US Stocks and ETFs, today launched its ‘Winvesta Investor Pulse Report.‘ The report finds that Tesla, Nio, and Riot Blockchain are the top three most-bought US stocks by Indians. 

Winvesta Investor Pulse Report’ is a nationwide study that encapsulates the investment behavior among Indians collected from investors on the Winvesta platform between the period 27th March 2020 and 20th March 2021. The investors are 18-70 years old, living in Tier 1 and 2 cities. 

According to the study, ‘Technology’ stocks continue to be preferred by most Indians, followed by ‘Electric Vehicles’ and ‘Blockchain’ sectors. This clearly indicates how the latter two sectors have gained popularity among Indians in the last year.

Interestingly, passive investments are gaining interest among Indian investors, with about 25% investing in ETFs on the Winvesta platform. The majority of investors have invested in QQQ (Nasdaq 100) ETF, followed by VTI (Vanguard Total Stock Market Index), ARKG (ARK Genomic Revolution), SPY (S&P500), and ARKK (ARK Innovation). Geographical ETFs and ADRs make about 10% of the investments on Winvesta’s platform.

Although for many Indian investors, US investing is synonymous with the popular FAANG stocks, today FAANGs make up only 17% of the total stock investments on Winvesta’s platform. This ratio has been trending downwards since the beginning of last year as other high growth stocks like TSLA, NIO, and RIOT took the lead from the tech giants. Apple, Amazon, and Microsoft continue to be among the top 10 popular stocks on the platform. 

Business Gujarat News

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