Synopsis As NRIs, investing in Indian markets need not be a burdensome task. Today, in the post-pandemic world processes and procedures have swiftly moved to online modes offering investors much transactional ease, even if they are across borders. Tarun Birani Founder, TBNG Capital Advisors, Contributor Content Birani’s unique investment methodology over the past 17 years help him focus on exponential value creation for NRIs, HNIs and ultra HNIs. Prior to setting up TBNG, he worked with RR Financial Consultants, IL&FS in various capacities. First-generation Indian migrants are far more likely to return to India annually to visit family, friends, or relatives, attend family events, or travel across the country. During these short trips, they have been known to squeeze in their financial appointments for India-based investment decisions. This hasty process usually leads to critical investment decisions being pushed aside or delegated to relatives or friends, which ultimately leads to financial pitfalls. In our experience with NRIs, some of the usual pitfalls they are known to fall into and must consciously try to avoid are as follows: Investing as a resident Once an individual attains the status of an NRI he must convert his existing bank accounts to an NRE, NRO,… Read full this story
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