Recently, a friend of mine, an India-born who became a US citizen recently, was told that he is not allowed to invest by an Indian mutual fund company.
He really wanted to get that fund, but just went back to making investments in US thinking that there are no investment options for him in India anymore.
This is a situation that a lot of Non Resident Indians face...
They are doing great in their careers and want to invest in their home country. They view India as a great opportunity with good earning prospects and of course, there is an emotional gratification of staying connected with your country of origin.
But, there is a lot of confusion out there in terms of what's possible and what's not. And not all NRIs are aware about the multitude of investment options available in India.
So, what are the investment options that are available for NRIs? How about tax saving on these investments? And finally, which investments have the best returns?
I will try and answer these and many more related questions in this post...