Numerous investment opportunities have emerged as a result of this growth, particularly in the mutual fund industry
Sahen Karamchandani, Founder of wealthinindia.com advises NRIs to invest in India’s economy which has been expanding rapidly and steadily over the past few years, placing the country on a development trajectory.
Numerous investment opportunities have emerged as a result of this growth, particularly in the mutual fund industry.
Investing in Indian mutual funds, Karamchandani points out in an article in the Times of India, is a great opportunity for NRIs (Non-Resident Indians) to take advantage of India’s growing potential.
Without a doubt, the Indian economy is one of the fastest-growing economies in the world.
Strong governmental reforms, a robust startup ecosystem, and a youthful, competent workforce are anticipated to keep it moving forward in the years to come.
The government of India has put a lot of effort into making it easier to do business, thereby making it a popular place for international investment.
The possibility for better returns compared to other investment options is one of the key benefits of investing in Indian mutual funds.
Over the long run, Indian mutual funds have consistently outperformed other asset classes, with returns from equity mutual funds averaging 13-17% yearly.
Another advantage of investing in Indian mutual funds is the convenience and ease of access.
NRIs can now readily invest in Indian mutual funds from anywhere in the globe, thanks to the development of digital platforms.
The process is easy and hassle-free because they can manage their accounts, conduct transactions, and even redeem their investments online.
There are several other reasons why an NRI (Non-Resident Indian) should consider investing in Indian mutual funds: High potential for returns: With the Indian economy being anticipated to grow quickly, Indian mutual funds have the potential to produce substantial returns over the long term.
All things considered, Indian mutual funds can offer NRIs a tempting investment choice that has the potential for high returns, diversity, advantageous tax rules, accessibility, and exposure to currency appreciation
It gives you the opportunity to participate in the Indian Growth Story.
Diversification: NRIs can diversify their investment portfolios outside their home country by investing in Indian mutual funds.
By doing so, country specific changes will have less of an influence on their overall portfolio and risks will be spread out.
Tax benefits: NRIs who invest in Indian mutual funds can take advantage of lower tax rates as compared to their home countries with LTCG being only 10%. (Depending on their country tax treaties).
Accessibility: It is now much simpler for NRIs to invest in Indian mutual funds from anywhere in the world thanks to the development of digital platforms and online investment portals.
It is simple, quick, and secure to complete the transaction.
Possibility for currency appreciation: NRIs can gain exposure to the Indian rupee, which has the potential to rise over time, by investing in Indian mutual funds.
This may increase returns even further and benefit investors in other ways.
All things considered, Indian mutual funds can offer NRIs a tempting investment choice that has the potential for high returns, diversity, advantageous tax rules, accessibility, and exposure to currency appreciation.
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