Here's why NRIs too need to shift from physical to financial savings

With real estate, NRIs' favourite investment vehicle in the past, unlikely to do well in the near future, there is a strong case for them to shift to equity and debt mutual funds

Most non-resident Indians (NRIs) are aware that the fast-growing Indian economy offers unprecedented investment opportunities. However, in the past, most of NRI money has flowed into real estate. While the Indian markets present enticing opportunities, the problems associated with documentation, getting started, and managing their portfolios has kept a large proportion of NRIs away from the markets. However, the picture is changing and the time is ripe for NRIs to make mutual funds their preferred investment vehicle. The advent of online investment platforms has made it easy for NRIs to manage their mutual fund investments in India while living abroad.  

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