NRIs ATTENTION! Five investment options you can explore by putting in money

Amid the looming recession, the International Monetary Fund (IMF) has named India a bright star. India is one of the fastest growing economies in the world and there is no better time to invest in India, experts suggest. For the NRAs, there are various investment options and recurring revenue generating tools available today with their unique benefits. Since the festive season is here, it is often considered a favorable time to make decisions such as investments.

Shiv Parekh, founder of hBits, said of the most suitable investment option for NRI investors that the best tool depends on one’s investment goals, risk appetite and return expectations. “In the case of mutual funds, it is suitable for those who are looking for long-term investments. Investors are liable to pay capital gains on the returns made from mutual funds. For NPS, investing is good if they intend to settle in India In real estate, favorable policy interventions and pent-up demand indicate steady growth and will prove to be a good investment option in the long run.”

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Here are five investment options for NRAs:

Property: The real estate industry has been an attractive investment destination and is on track to reach a $1 trillion market size. Both residential and commercial real estate (CRE) have been an important investment option. Commercial real estate also grows between 5 and 10 percent, depending on the location and can therefore be a good investment option.

“More accessible instruments such as REITs and fractional ownership have given the CRE sector a huge boost. These instruments have made the market more accessible to private investors. The rental yield of a commercial property, at around 8%-10% per annum, is higher than the proceeds of a home,” said Parekh.

Mutual fundsMutual funds are rapidly gaining popularity as an investment that can beat annual inflation. NRAs with limited foreign investment expertise but looking to invest for the long term may want to consider mutual funds for better returns. Mutual funds spread the risk in equities by investing in a basket of equities.

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ULIP: Unit-Linked Insurance Plan combines the benefits of investing and insurance with a typical lock-in period of five years. The hybrid option allocates part of the premium to the provision of a life insurance policy and the rest is invested in various financial instruments.

NPS: National Pension Scheme, the government-sponsored pension scheme, invests in stocks, debt, or a combination of both. NRAs can choose the active choice or auto-choice options to decide on the amount to be invested in equity. Anyone between the ages of 18 and 60 can contribute to the NPS. NRIs can also open an online eNPS account if they have a PAN or Aadhaar card.

Fixed deposit: Fixed deposits or FDs are popular not only among Indians, but also among non-resident Indians. As it is a risk-free investment and comes with several tenure options, it offers flexibility in addition to guaranteed income. NRIs can start investing in FDs through NRE, NRO or FCNR accounts.

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