IND Money – How to Make Money with US Stocks by IND Money – Invest in US Stocks in India – #INDMoney

INDmoney is a one-stop SuperMoneyApp for all your finances. The application automatically organizes your finances, helps you to plan your goals, and use machine learning to help you save and invest at Zero commissions. The company is backed by investors such as Tiger Global, Steadview Capital, and Dragoneer.

Problem Statement #1 – US Stocks Investing Growth

INDmoney has launched IND Super Saver 2-in-1 Account to enable US Stocks investing with ease and at 0% brokerage and ₹0 commission.

The initial traction has been excellent, with 100k+ accounts created and ~50% of them adding money in their 2-in-1 accounts to invest. Currently, the active users fund ~10Mn USD into their accounts for US Stocks investing monthly with a 75% (first time funding) vs. 25% (repeat users funding) split.

You have been onboarded as the Product Manager for US Stocks.

Your objective is to:

• Grow the monthly funded amount for US Stocks Investing transactions by 10X in the next three months
• Increase % of users funding their account after the creation of account
• Increase % of users opening the account as a % of overall registered users on INDmoney (2Mn+ users currently and growing 15% M-o-M)

How would you solve this? Feel free to use wireframes/ sketches to describe the solutions.

Problem Statement #2 – Launching a lending product

INDmoney is a Super Money App where 2Mn+ users are tracking all their finances in one place. Users can connect and manage their investments & liabilities across Stocks, Mutual Funds, US Stocks, EPF, NPS, Credit Cards, Loans, and many more.

You have been onboarded as the Product Manager for Lending & Credit products at INDmoney.

Your objective is to:

• Given that INDmoney is the one-stop solution for consumers to manage their entire financial life, how would you build a powerful and elegant lending product for the users at INDmoney leveraging users’ information?
• Create a phase-wise roadmap for the product. What would your MVP version look like?
• What would be your GTM strategy for the product?

How would you solve this? Feel free to use wireframes/ sketches to describe the solutions.

INDmoney is a SuperMoney app to track, save, plan & invest. INDmoney automatically & securely tracks all your investments, loans, expenses, credit cards, savings a/cs, PF’s, EPF’s. You can track across brokers, banks, distributors & advisors.

INDmoney recommends actions for you to save your money, improve your portfolio and then invest your money at ZERO commission. You can directly invest in US Stocks from India, Commission Free Direct plan Mutual Funds & SIPs, FD’s (Fixed Deposits), Bonds & PMS.

Avail free account opening with free KYC & risk profiling and add family accounts

Invest & Track your mutual fund portfolio performance (Zero Cost) with ind money

Automatically import and track all your Mutual Funds from across brokers, banks & apps such as Groww, Zerodha Coin, ETmoney, PayTM Money, CAMS, Karvy, HDFC, ICICI.

Auto-generate your Combined Account Statement (CAS) for mutual funds

Switch your regular plan mutual funds to direct plan mutual funds at zero cost to earn extra returns.

Invest in commission-free direct plan mutual funds & SIPs. Invest across 4000+ funds such as ICICI Prudential, HDFC, NIPPON India, Axis, PPFAS & Mirae

Invest in Direct plan Mutual Funds across categories such as Index funds, Large cap, mid cap, multi cap, Arbitrage funds, debt & tax saving funds through lumpsum, systematic investments plan (SIP), Systematic Transfer Plan (STP) & Systematic Withdrawal Plan (SWP).

Redeem your funds with a single click.

US stocks: Invest in US stocks from India with ind money

Open a US stocks account for free in less than 2 minutes.

Zero fee to send money to your US Stocks a/c from India

Zero brokerage to buy and sell US Stocks.

Invest in fractions (as little as $1)

Buy & Sell US companies such as Facebook, Google, Tesla, Netflix, Amazon, Apple listed on S&P 500, Dow Jones & NASDAQ.

Invest in 1200+ US ETFs (Exchange Traded Funds) from India.

Diversify by directly investing in US Stocks from India.

Portfolio analysis & recommendations on US stock markets

Track your Indian stocks across DEMAT accounts for FREE. Invest at Zero brokerage (coming soon)

Auto import your stock portfolio across brokers & Demat accounts such as Zerodha, Upstox, HDFC securities, Angel Broking, ICICI Direct through your NSDL/ CDSL statements

Track all your trades across brokers and Demat accounts.

Get stock advisory & recommendations for Buy, Sell & Hold, real-time alerts for your stock portfolio based on robust stock research

Invest in Indian Stocks (coming soon)

Book Fixed deposits (FDs) and get better returns on ind money

Book FD across banks and NBFC’s at Zero Fee

Earn higher returns than conventional FDs

Track your Bank FDs across banks such as ICICI Bank, IDFC First, SBI, HDFC Bank

Invest in the largest catalogue of FDs from Bajaj Finance, HDFC, Shriram Transport Finance with credit ratings and free risk analysis

Paperless and digital process to book FDs

Financial & retirement planning tool

Set financial goals like buying a house, children’s education, home renovation, buying a car, marriage etc.

Plan for your early retirement

Get recommendations on meeting your financial goals

Get recommendations on adequate Life and health insurance for your family

Invest for your goals with Zero commission investing

Become a premium Gold member: Get personalised investment advisory and financial planning services. Add family member accounts and manage your money across PAN numbers.

INDmoney has the state of the art security standards with strict data security policies & encryption: OTP & biometric-based access

Stored data is protected by authenticated encryption. Additionally, we are audited by Bishop Fox – for security assessment.

Our applications have been security audited by PRIME INFOSERV LLP (CERT-In Empanelled)

ISO 27001:2013 certification

INDmoney is an all-in-one Super finance App that enables consumers to save, plan and invest across their family members. The application has pioneered US stock investing for Indians and made the same easy, low cost, and accessible by integrating neo banking. The mission of INDmoney is to enable consumers to improve their financial future via Zero commission investing and its proprietary AI-based goals feature. Our vision is to be a Family’s Super Bank.

Founded in 2019 we are 300+ passionate individuals shaping the financial future for Indians. Our recent launches of 2-in-1 Super Saver Account for US Stocks Investing, India’s first US Stock Rewards program, and Robo Advisory platforms have been very well received from the users. We have recently crossed the milestone of 4Mn registered users tracking INR 100,000 crores+ of investments on our platform.

INDmoney has offices in Gurgaon and Bangalore. INDmoney is founded by Ashish Kashyap, a technology entrepreneur who previously founded the ibibo Group (Goibibo, redBus, PayU India) and was also Google India’s first Country Head.

We are a Series-D Start-up backed by reputed foreign institutional investors comprising Tiger Global, Steadview Capital, Dragoneer & Tona Investments. We have raised $143 Million and are currently valued at $650 million.