Smart Investment Choices for NRIs in 2024

The last two decades have witnessed a dramatic change in the investment universe. A significant re-shaping of the financial market is expected in the coming years.

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Diversification and flexibility in investment assets are the way to go this year. Let’s explore how NRIs can increase their investment in 2023.

  1. Equity Investment

    Equity investment looks hopeful in 2023 with perpetual high trades soaring 20% since 2021. A clever move in 2023 is to invest in partial gains.

    The initial public offering (IPO) pipeline in India and shares in tech and manufacturing sectors are anticipated to outperform in the following years. These are worth investing in from the NRIs' perspective. 

  2. Mutual Funds and Fixed Deposit Investment

    It is a good year to diversify in mutual fund assets. Multi-asset, Flexi-cap, balanced, and hybrid funds are all good investments right now.

    Inflation has surged over the RBI's target range, prompting speculation of a rate hike. Long-term and medium-term debts are likely to suffer. The short-term debt is likely to remain unaffected. Investing in funds for 1-2 years would be a wise decision.

  3. Investment in Gold  

    Investing 10% of assets in gold would be a wise choice. Gold is now 14 percent more expensive in India than worldwide with a new CESS and surcharge on customs duty. 

  4. Investment in Real Estate

    Real estate is slowly rebounding after years of stagnation. NRIs can take advantage of the rupee's devaluation against the dollar and other major currencies. Despite a minor price increase, home loans remain historically low.

    These are some of the top ideas to invest in for NRIs in India in the year 2023. So save smartly and invest cleverly.

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*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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