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What are US Stacks?

US Stacks are pre-configured baskets of stocks & ETFs that you can invest in with a single click. Stacks aims to solve the challenge of “what to invest” with curated, ready-made portfolios that are centred around an idea or a theme. Each stack is developed by leading financial experts to match different investment strategies, risk-tolerance, and investment goals. A rigorous research process ensures accurate matching of investment ideas to opportunities; multiple forward-looking macro and micro uptrends are analyzed to identify drivers of value creation in the ecosystem.

How does it work?

US Stacks enables you to access international markets and diversify your portfolio globally. When you create an account on Stacks, your brokerage account is, in turn, automatically created with DriveWealth, our US partner for clearing and brokerage services. It will take 15-20 minutes for your account to be approved. Once approved, you will have to fund the account by transferring money into the brokerage account from your bank account. Once the funds become available in your brokerage account, you will be able to make investments on Stacks. Feel free to use the extensive research and support available on the platform. After selling any of your investments, you can click on “Withdraw” to transfer funds back into your account to get your money back. When you begin the withdrawal process, all your available cash will be sent over to your domestic bank account.

Is there a minimum amount that I need to invest?

No. Unlike most traditional investing platforms, we place no restrictions on user accounts. There is no account minimum at Stacks. That said, in order to see the benefits of investing accrue to you, we recommend that you invest at least INR 7,000 or $100 to start off.

What are the documents required to create an account on the platform?

We require KYC documents to establish the identity of the user via picture ID and proof of address. You can either choose to upload your documents via your laptop or complete the process on your smartphone after scanning the QR code on the page. Any one of the following documents for a combination of identity and proof of address is required: From India ID Proof: Aadhar Card (front+back) PAN Card (front+back) Voters ID (front+back) Passport (picture) Proof of address: Aadhar Card (front+back) Voters ID (front+back) Please note: Scanned copies and PDFs cannot be uploaded, please upload the photo of the document PNG/JPG format only.

How do I fund my account?

To add funds to your account, click on "Funds" from your Homepage and click on the “Add funds” button. Enter the amount you want to send to your brokerage account. You would be able to add your bank details for the first fund transfer which will be set as default for all future transfers. Verify the information and refer to the following procedural details depending on your residential country: From India: If you are an Indian Resident, you will be remitting money under RBI's Liberalized Remittance Scheme (LRS). Currently, ICICI, IDFC, HDFC, Kotak and IndusInd Bank account holders can complete the LRS process online by signing into our platform and following the steps mentioned for fund transfer. For HDFC and Yes Bank, you can select the offline option to download and print A2 form and schedule a pick-up for the documents via our delivery partners. For the other banks, please visit your nearest branch and speak to your relationship manager.

How do I withdraw my funds?

All you need to do is select the "Funds" button on your homepage page and then click on “Withdraw Funds”. You will be shown how much money is available for you to withdraw. This is the "cash" in your account - either un-invested money or generated from sales of securities you, previously, owned. You can place a withdrawal request and the money will be wired to your domestic bank account. It takes 4-5 business days for the money to hit your account. You can only Withdraw funds to your default bank account which was added during fund transfer. There is a $10 fee associated with withdrawals, charged by the US bank, and thus, the cash balance in your account should be at least $10 at the time of placing the withdrawal request. Any request above $20,000 requires an additional email approval.

Why was my fund transfer reversed?

The fund reversal will be initiated on the 7th day after the funds are debited from the user bank account in case of the below scenarios: The name on the trading account does not match the name on the bank account from which funds were transferred While initiating a transfer, in case, the 10 digit account number is not provided or has been entered incorrectly On failure of providing Swift copy (Bank statement / Transaction receipt) to support team within 7 days Note: In case of a reversal of funds, an additional third-party charge of $30 will be applied.

Where is my US investment account held?

Your investing (brokerage) account is opened at our US brokerage and clearing services partner DriveWealth LLC - a FINRA regulated brokerage firm. It is a licensed carrying and self-clearing broker offering brokerage services to global investors. DriveWealth is backed by Softbank Group and other leading venture capital firms in the financial services ecosystem. The custody of your account, in turn, would be held by Drive Wealth. Reach out to the support team in case of further questions.

I forgot my password. How do I recover it?

If you have forgotten your password, please click on "Forgot Password" on the login page. You will get a reset code on your registered email ID. Enter the code and set a new password to log in to your account.

What is the difference between a primary and a contingency nominee?

In the abnormal circumstances where the primary nominee passes away prior to the Account Owner, the remaining portion may be payable proportionately to any surviving primary nominee. In the event that there isn’t a surviving primary nominee, the contingent nominee will receive the assets pursuant to the allocation identified. In the event a contingent nominee passes away prior to the account owner, then the contingent nominee share will be divided proportionately among the surviving contingent nominees.

To participate in Intraday trading, an online trading account must be set up with specific orders explicit to intraday trading. These orders are squared off before the trading day ends.

How do I add a nominee to my account?

Log in to your account, click on your name and navigate to “Profile” under the settings option. Choose “Nominee” from the options on the Profile page. Click on the tab "Add Nominee[s]". Fill out the following details under Primary nominee: Name: Enter the full name of the nominee Percentage: Percentage of holdings to be transferred to the nominee Nominee Type: Choose the option from the drop-down as per the type of nominee being added. The nominee type can either be a person or an entity Email: Email ID of the nominee

In this process, there are no time constraints in the selling of stocks. It is considered a delivery trade as long as the stocks are delivered to the associated Demat accounts.

You cannot perform delivery trades without a Demat account since a Demat account is where your stocks will be stored.

Date of Birth: Enter the DOB of a nominee

Phone Number: Contact number of the nominee It is recommended to have at least 1 primary nominee, however, adding a contingent beneficiary is optional. You can add up to 4 primary nominees as long as the total adds up to 100%. Similarly, you can also add up to 4 contingent nominees as long as the total adds up to 100%.

Once the relevant information is filled you can click on “Save changes” to save the nominee details.

How would Stacks transfer the holdings and cash balance to the nominee?

In the unfortunate case of a demise of the account holder, the nominee(s) added by the holder on the “Profile” page gets ownership of the user’s portfolio (holdings and cash balance). Our broker partner will transfer the securities to the nominee(s) or liquidate the securities and credit the proceeds to the Primary nominee(s). In the event that no primary nominee survives, the contingent nominee(s) will receive the asset(s).