NRI Investment Plans in India

Financial planning is of the highest importance in today's time, be it for an Indian Resident or an NRI. India's growing economy in the past two decades has attracted many investment opportunities. There are several NRI investment options in India that can be considered while planning to invest.

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In this article, you will understand different NRI investment options that can be considered while planning to Invest in India.

Best Investment Plans in India to Invest in 2024

Here is the list of best investment plans in India:

Investment Plans AUM 3 years return 5 years return  10 years return 
Tata AIA Fortune Pro ₹26,272 Cr 30.66% 28.6% 22.49%
Birla Sun Life Wealth Aspire Plan ₹22,157 Cr 27.36% 20.65% 20.88%
Bajaj Allianz Smart Wealth Goal ₹26,992 Cr 25.23% 18.72% 20.27%
Max Life Online Savings Plan ₹33,767 Cr 31.8% 26.54% 20.1%
HDFC Standard Sampoorn Nivesh (11X) ₹61,030 Cr 28.67% 26.2% 19.77%
PNB Metlife Mera Wealth Plan ₹5,938 Cr 38.1% 29.72% 19.07%
Kotak Mahindra OM E-Invest ₹17,619 Cr 21.16% 18.39% 16.78%
Edelweiss Tokio Wealth Secure+ ₹1,706 Cr 27.55% 22.42% 15.59%
ICICI Prudential Signature ₹117,070 Cr 20.76% 16.24% 15%
AVIVA Life i-Growth ₹1,025 Cr 18.93% 14.99% 14.56%
SBI eWealth Insurance ₹85,670 Cr 17.03% 15.02% 14.2%
LIC SIIP ₹9,182 Cr 10.35% - -
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Disclaimer: "Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer."

Best Investment Options for NRIs in India

Here are some of the best NRI investment options in India:

  1. Unit Linked Insurance Plans (ULIPs)

    ULIPs, or Unit Linked Insurance Plans, combine insurance and investment benefits, making them advantageous for NRIs seeking moderate to high-risk investments in India. 

    Benefits include:

    • 5-year lock-in period for future savings.

    • Partial withdrawals post-lock-in period.

    • Tax exemptions under Sections 80C and 10(10D) of the Income Tax Act, 1961 for NRIs.

    • Easy fund switching.

    • Portfolio diversification.

    • Premium redirection flexibility.

    • Guaranteed sum assured for nominee in case of investor's demise.

    • Long-term benefits with high returns.

  2. Capital Guarantee Solution Plan

    The capital guarantee plan is a secure investment option for NRIs seeking stable returns in India. 

    • It protects the principal from economic downturns, with the fund company absorbing losses.

    • 50-60% of the investment is allocated to debt for capital protection, with the remainder in equity.

    • Tailored for NRIs, it features a 10-year policy tenure and a 5-year premium-paying tenure.

    • Upon maturity, investors receive the full premium along with additional benefits.

  3. Retirement Plans

    Retirement plans for NRIs are investment options in India specially designed to safeguard an investor's future after retirement. Retirement plans help create a financial corpus and aim to secure a financial future post-retirement, ensuring a comfortable lifestyle without active income.

    There are 2 types of retirement plans:

    • Pension plans

    • Annuity plans

    • Pension Plans:

      • Purpose: Income source post-retirement.

      • Saving Strategy: Regular contributions during earning years.

      • Benefit: Stable retirement life.

      • Inflation Protection: Designed to shield returns from inflation for maximum NRI returns.

    • Annuity Plans:

      • Function: Offers regular payouts throughout post-retirement life.

      • Accumulation Phase: Utilize accumulated funds from pension plans systematically.

      • Post-Retirement: Purchase an annuity plan for consistent paybacks.

      • Policy Adherence: Regular payouts in accordance with plan policies.

    Investment Plans for NRIsInvestment Plans for NRIs
  4. Guaranteed Returns Traditional Plans

    • Guaranteed Returns Traditional Plans, favored by NRIs investing in India, involve investing a fixed sum for a specified period.

    • These plans assure NRIs of predetermined returns, unaffected by market fluctuations.

    • They offer stability and assurance to NRIs seeking secure returns in the Indian financial market.

    Child Plan

    With India's flourishing economy, NRIs are increasingly favoring investments in the country for higher growth prospects. A child plan emerges as one of the best investment options in India for NRIs, offering the dual benefits of insurance and investment. It shields your child from unexpected events, providing financial security, while enabling fund accumulation through diverse investment avenues for a secure future.

    • Triple Benefits of Child Plan for NRIs:

      • Insurer pays future premiums after policyholder's death.

      • You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)

      • Monthly payout option

  5. National Pension Scheme

    The National Pension Scheme (NPS) is a voluntary retirement savings program in India, aimed at providing individuals with a pension after retirement. Launched by the Government of India, it promotes systematic savings during working years for financial security in retirement. NPS is considered the best NRI investment in India and is open to both Indian residents and NRIs.

  6. Mutual Funds

    Mutual funds are investment vehicles that pool money from multiple investors to collectively invest in a diversified portfolio of stocks, bonds, or other securities. Professional fund managers or investment firms manage these funds. Mutual funds provide individual investors, including those exploring NRI investment in India, with an opportunity to invest in a diversified and professionally managed portfolio, even with relatively small amounts of money.

  7. Fixed Deposits

    Fixed deposits, or FDs, are financial tools provided by banks and financial institutions. They involve depositing a set sum for a fixed period at a fixed interest rate. In return, the institution pays interest periodically and returns the principal at the end of the term. FDs are a low-risk option, making them an attractive choice for NRI investments in India.

  8. Real Estate

    With real estate prices soaring, Non-Resident Indians find it profitable to invest in Indian properties for additional income. Real estate stands as a favorable investment avenue for NRIs, offering promising long-term returns and consistent growth.
    Bank accounts to be used by Non-Resident Indians to buy or sell a property in India are as follows:

    • Non-Resident External Account

    • Non-Resident Ordinary Account

    • Foreign Currency Non-Resident Account

  9. Equity Investments

    If an NRI is an aggressive investor, investing in equity is an ideal investment option. The NRIs can easily invest in India's stock market within the portfolio investment scheme of the Reserve Bank of India.

  10. Portfolio Management Services (PMS)

    Portfolio Management Services (PMS) is a specialized investment service designed for high-net-worth NRIs seeking to optimize their investments in India. It involves assigning a professional fund manager to oversee the client's portfolio, aligning with their goals and risk preferences.

  11. Public Provident Fund or PPF

    PPF, or Public Provident Fund, is a favored long-term savings option provided by the Indian government. It encourages NRI residents to save and invest by allowing them to open accounts with authorized banks or post offices and contribute annually. Contributions qualify for tax deductions under Section 80C of the Income Tax Act.

Reasons Why Non-Resident Indians (NRIs) Should Invest in India

India's rapidly growing economy presents attractive investment opportunities for NRIs. With a thriving entrepreneurial ecosystem, expanding consumer markets, and government initiatives to boost infrastructure and industries, investing in India can capitalize on the country's economic growth greatly. Here are some reasons why NRIs should invest in India:

  • Retirement Preparation: Investing in NRI options in India ensures financial security during retirement.

  • Good Returns: NRI investment options in India offer potential growth and returns.

  • Family Support: Investments in India serve as a financial safety net for families.

  • Portfolio Growth: NRI investments help build financial assets like property and contribute to long-term stability.

Wrapping it up!

Investment opportunities are growing every day due to the increase in globalisation. Non-resident Indians willing to invest their money in their home country have many more choices to select from these days than in the past. Investing in India comes with a wide range of options, but it is advisable to understand the investment before going forward.

 

FAQ's

  • What is the best investment for NRI in India?

    The best investment for NRIs in India depends on factors like risk tolerance, financial goals, and duration. Options include ULIPs, pension plans, child education plans, real estate, stocks, and NRI-specific investment schemes like NRE/NRO deposits.
  • Which investment platform is best for NRI?

    Policybazaar is a leading online platform for insurance and investment products in India. While it primarily focuses on insurance, it also offers investment options suitable for NRIs, such as ULIPs and retirement plans.
  • Can NRI invest in SIP in India?

    Yes, NRIs can invest in SIPs (Systematic Investment Plans) in India. Many fund houses allow NRIs to invest in SIPs subject to certain conditions and regulatory requirements.
  • How much NRI can invest in India?

    The amount an NRI can invest depends on regulations set by the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA). There is generally no upper limit for investments, but certain sectors and instruments may have specific limits or conditions.

*Past 5 Year annualised returns as on 01-04-2024
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

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