The Foreign Exchange Management Act (FEMA) allows NRIs to invest in India. Different avenues are available but which ones are worth investing in? Let’s check.
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Fixed deposits
FDs can give NRIs guaranteed returns. Plus, with 5-year deposits, they can also save taxes under Section 80C on the invested amount.
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Mutual funds
Mutual funds give exposure to the financial markets with a diversified portfolio. NRIs can invest in ELSS schemes too for tax savings.
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Real estate
Property is a hot favourite for NRIs as it offers good returns. Plus, you can let out your property to earn regular rental income.
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National Pension System (NPS)
NPS is suitable for NRIs looking to create a retirement corpus. It gives market-linked returns and assured pensions on maturity.
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Portfolio Management Services (PMS)
For affluent NRIs, PMS is also a lucrative avenue wherein they get customised and diversified investment solutions.
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Invest in these and more avenues with IDFC FIRST Bank’s NRI Banking solutions. Get a one-click PIS account and a dedicated relationship manager.