For Non-Resident Indians (NRIs), managing finances and investments requires careful planning and awareness of tax implications, especially when dealing with assets in India. Besides, it is also critical for NRIs to know the dos and don’ts of savings and investments.

NRIFOCUS.COM spoke to CA Dhaval K Jasani, Founder and CEO, ZTI Global Consulting to find out all about property tax, saving schemes and investment
options for NRIs in the UAE. Part 2 of the series.

What are the best investments and savings strategies for NRIs?

Investing in the Indian stock market presents an opportunity for NRIs, albeit with some restrictions such as prohibitions on intra-day trading and currency transactions. To optimise savings, NRIs might consider keeping their funds in foreign currency, which could protect against the risk of currency devaluation. Additionally, the UAE offers various savings schemes, including insurance plans and Systematic Investment Plans (SIPs), though it’s crucial for NRIs to understand the risks involved.

“Indian markets have been one of the best performing emerging markets and NRIs can certainly invest in the Indian stock market. NRIs are allowed to nvest through Portfolio Investment Schemes (PINS). Funds could be invested in equities, mutual funds, bonds. leading banks, financial institutions and brokerage houses offer services for setting up account and executing trades. NRI’s however are not permitted to buy and sell stocks on same day (intra day trades) or trade in currencies.” – Photo by Freepik – editor@nrifocus.com