What is the difference between Vests and mutual funds?

What is the difference between Vests and mutual funds?

Vests are similar to mutual funds in concept since they provide portfolio exposure to equities. These are baskets of stocks and/or ETFs that reflect an idea, theme or strategy. However, unlike mutual funds, Vests are: 
  1. Transparent & customizable (you buy the stocks into your account directly vs. buying units of the fund)
  2. Liquid (no lock-ins)
  3. More cost-effective (no % fees or exit loads) 


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    • How to transfer funds from ICICI Bank to Vested?

      Step 1: Log in to the ICICI Internet Banking portal using your user ID or mobile number Figure 1 Step 2: Under the “Payments and Transfer” tab, select “Fund Transfer”. Figure 2 Step 3: Select “Overseas Transfer”. Figure 3 Step 4: Select “Send Money ...

    • Fees on Individual Vests

      Please find below the fees for different Vests available on the platform: (last updated 1st April 2025 ) Vest Name Vest AUM Fee Discounted Fee (till June 2025) Multi-Asset Class - Conservative 0.6% per year 0.05% per month 0.3% per year 0.025% per ...

    • Can I add funds via UPI?

      Unfortunately, adding funds via UPI is not supported for LRS transactions. However, you can conveniently add funds through bank transfers. Most banks in India offer seamless integration for adding funds, making it a reliable and secure option. To add ...

    • How is the AUM fee on Vests calculated?

      The fees on Vests follow an AUM-based pricing model. The daily AUM of your Vest holdings and the percentage AUM applicable for the Vest are used to calculate the fee. The fee is charged monthly by considering the AUM of your holdings on each day of ...

    • Can I withdraw funds to a different bank account and not to the bank account from which I deposited funds?

      Yes, you can transfer/withdraw funds to any bank account where you are the primary account holder as long as that bank account is created in your employment or tax-resident country. Withdrawals to any other country are not allowed by our broker. It ...