NRIs are increasingly investing in Indian mutual funds, driven by emotional connections, belief in India’s growth story, and long-term financial goals. While taxation and regulations pose challenges, digitalization and government initiatives are making investments easier. Equities remain the preferred asset class, reflecting a conviction in India’s economic potential, with fixed income playing a complementary role for diversification.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.