Around 24% NRIs from UAE want to invest in MFs. About 27% NRIs in nations like Australia, China, Qatar, Malaysia, Germany, New Zealand and Kuwait also prefer investing in MFs
A survey by SBNRI, a NRI-focused wealth management fintech platform has found out that non-resident Indians are now willing to keep their savings overseas and view India as a destination to earn higher returns. The survey was conducted to find out how NRIs from different countries view India as a choice for investments to create wealth.
NRIs have diversified their investment with multiple asset classes, with around 25% of NRIs preferring to invest in mutual funds while 20% keeping their money in fixed deposits, the survey found out.
Over 15% of NRIs are more interested in Indian commercial real estate. Also, the depreciating Indian rupee against the US dollar provides high rental yields and the emergence of fractional ownership is opening doors to all types of NRI investors in the commercial real estate space, the survey report added.
Besides, 13% of NRIs consider asset financing as one of the most preferred investment options in India. The survey also highlights pre-IPO and basket of stocks as the least considered investment option by NRIs, making up to 10% and 6%, respectively.
NRIs have diversified their investment with multiple asset classes, with around 25% of NRIs preferring to invest in mutual funds while 20% keeping their money in fixed deposits, the survey found out
NRIs have been eyeing investment opportunities in India from across the world including the US, Canada, the UK, Singapore, UAE, Australia, China, Qatar, Malaysia, Germany, New Zealand and Kuwait.
However, as per the survey, NRI investment pattern varies from geography to geography. About 25% and 22% of US and Canada-based NRIs, respectively, are willing to invest in high-risk investment asset classes like micro venture capital funds in India. This is because India is viewed as an emerging country. Due to this, NRIs prefer to keep their savings in the US and Canada, and view India as a destination to earn higher returns, hence highest interest is investing in Indian startups, the report highlighted. Around 22% of UK and Singapore-based NRIs are more interested in the Indian real estate market, especially commercial followed by NRE deposits.
Around 24% NRIs from UAE want to invest in MFs. About 27% NRIs in nations like Australia, China, Qatar, Malaysia, Germany, New Zealand and Kuwait also prefer investing in MFs.
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