Top banker tells wealthy Indians to load up on foreign stocks: Here's why

Record-low interest rates and stimulus packages around the world have pushed global equities to all-time highs during the pandemic.

The top private banker to India’s wealthiest is advising its clients to load up on overseas equities as a softening of rules makes it easier to access higher returns available in other parts of the world. 

“The returns offered by some overseas markets are higher than what investors can get from Indian equities,” said Srikanth Subramanian, chief executive officer for private wealth at Kotak Investment Advisors Ltd. “This is not a short-term call, but a deeper, structural call, and as our conviction has increased, our model portfolio has seen a four-fold jump in allocation to overseas equities over the last