Did you find this article useful?
India has emerged as one of the top investment destinations for over 32 million non-resident Indians (NRIs) around the world. As well, the country is expected to be the largest recipient of remittances in FY24, with a record-breaking USD125 billion[@2024-population-overseas-indians]. This 12.4% increase over FY23 – the highest level in the prior five years – will further strengthen India's investment landscape.
There is a common misconception that NRIs cannot invest in the Indian market. However, you can invest in different financial avenues of your choice.
Thinking of investing? Here are a few reasons why NRIs seek investment opportunities in India:
But before you start investing in India, you must acquaint yourself with the investment guidelines laid down by SEBI (Securities and Exchange Board of India) and RBI (Reserve Bank of India) under the FEMA (Foreign Exchange Management Act 1999). Now that you know as an NRI, you can invest in India, let us look at the different investment plans for NRIs.
If you're a first-time investor or feel confused about choosing the right investment options in India, here are some you may consider as an NRI.
Fixed deposits (or FDs) are one of the safest investment options for NRIs in India, especially if you have a low risk-taking capacity. It provides steady and assured returns at a fixed rate. You can hold an FD account with any bank of your choice, like HSBC.
At HSBC, you can open an NRE (non-resident external) FD, NRO (non-resident ordinary) FD or FCNR (foreign currency non-resident) FD account.
An NRE FD allows you to invest your overseas earnings in India and maintain the funds in Indian currency.
An NRO FD allows you to invest the income earned in India from sources like rent, pension or dividends, and earn decent returns over time.
An FCNR FD is one of the best NRI investments in India that allows you to maintain your investment in foreign currency.
Learn more: How to open an NRI account online
When you talk about investment options for NRIs in India, you cannot miss mutual funds. This is one of the most popular investment options for NRIs.
Mutual Fund Managers manage your investments in the mutual fund scheme. There, they allocate your money in different instruments like debt, equity or money market instruments based on stated investment objective of the mutual fund scheme. You can choose any fund based on your risk appetite, returns expectations, and investment goals. Moreover, you can invest in mutual funds through a SIP (Systematic Investment Plan) or lump sum route.
Discover HSBC Mutual Fund Product offerings
NRIs can buy or own a property in India. The RBI permits NRIs to buy any commercial or residential property and make real estate investments. However, it's important to understand that NRIs cannot buy any plantation property or agricultural land.
Take a step closer to your real estate investment in India. Get an HSBC Home Loan for NRIs.
Insurance aims to provide financial protection to an individual, one's family and assets from unfortunate events or death. In addition, newer insurance policies have evolved to help you to build your wealth, plan for retirement, protect your house and personal belongings, reimburse medical expenses, hospitals bills, etc.
Types of insurance:
Learn more about our insurance plans
Take the first step towards achieving your long-term goals and start your investment journey today with HSBC.
Our products and services suit customers moving overseas or returning to India after being abroad.
Did you find this article useful?
Issued by The Hongkong and Shanghai Banking Corporation Limited, India. Incorporated in Hong Kong SAR with limited liability, having its India corporate office at 52/60, M. G. Road, Fort, Mumbai - 400 001 (HSBC India/the Bank).
The content is general in nature and is not intended to substitute for specific advice on any subject matter. Furthermore, this information is not intended for distribution to or use by any person in any jurisdiction where such distribution or use would be contrary to applicable law, or which would subject HSBC Bank Limited/its affiliates to any licensing or registration requirement. HSBC Bank Limited/its affiliates and their agents shall not be liable for any direct or indirect loss or liability arising in connection with any decision taken by any person based on this content. HSBC Bank is not responsible for third party services.
Insurance is a subject matter of solicitation. For more details on risk factors, terms, conditions, and exclusions, please read the sales brochure carefully before concluding a sale.
HSBC will receive commission from Canara HSBC Life Insurance Company Limited for this product in its capacity as a corporate agent of Canara HSBC Life Insurance Company Limited. Canara HSBC Life Insurance Company Limited is a joint venture promoted by Canara Bank and HSBC Insurance (Asia Pacific) Holdings Limited. Please note that HSBC and HSBC Insurance (Asia Pacific) Holdings Limited being part of the HSBC Group, may give rise to real, perceived, or potential conflicts of interest. HSBC has a policy in place to identify, prevent and manage such conflict of interest. HSBC India is a distributor of select mutual funds and a referrer of other investment products from third party entities registered and regulated in India.
HSBC India does not distribute investment products to those persons who are either the citizens or residents of United States of America (USA), Canada or any other jurisdiction where such distribution would be contrary to law or regulation.
HSBC India will receive commission from HSBC Asset Management (India) Private Limited, in its capacity as an AMFI registered mutual fund distributor of HSBC Mutual Fund. The Sponsor of HSBC Mutual Fund is HSBC Securities and Capital Markets (India) Private Limited (HSCI), a member of the HSBC Group. Please note that HSBC India and the Sponsor being part of the HSBC Group, may give rise to real, perceived, or potential conflicts of interest. HSBC India has a policy in place to identify, prevent and manage such conflict of interest.
Mutual Fund investments are subject to market risks. Read all scheme related documents carefully.
