Best Investment Options for NRI’s In Kerala
NRI’s have great investment options in Kerala. You may be living abroad but you can still take part in the economy back home. Make sure you utilize the best investment options in Kerala for NRI. Here is a list of 5 best investment portfolio available for NRIs.
Every Non-Residential Indians would like to make some investment in their homeland. The investment can be in the form of land, property, or liquid wealth.
Let us take a look at the 5 best investment opportunities for NRI’s in Kerala.
* Real Estate
Property investment or real estate investment is one of the preferred NRI investments in India. It acts as a long-term investment that offers high returns if the property is strategically located. Many top investment companies offer investments in the form of real-estate. But you should be careful about the bank account you use to buy and sell a property. The rules applicable to that particular account will determine how much money you will be allowed to return in the end.
* CDs or Certificate of Deposits
CDs or Certificate of Deposits is a short-termed investment option. It almost works similar to a fixed deposit, but the holder of a CD may sell it. A Certificate of Deposit has a maturity date by which it guarantees to repay a certain amount. Please note, amounts invested into CDs are typically very hard to convert to dollars.
*Fixed Deposit
Fixed Deposits (FDs) are the most popular investment among the resident Indians, as well as the non-resident Indians (NRIs). Bank FDs are considered as one of the best halal investments as there are hardly any instances of banks defaulting on them. NRIs can begin FD with their FCNR, NRO, or NRE accounts. The rate of interest depends on criteria like the bank, the amount you deposit, and the term of the deposit. Generally, banks and NBFCs offer higher rates of interest on higher amounts deposited for an extended period. The current rate of interest on NRE FDs varies between 6% and 7.8%. You can invest in FDs if you are risk-averse and are ready to settle for average returns.
* National Pension Scheme
National Pension Scheme (NPS) is another investment scheme for NRIs. Investing in NPS comes with tax benefits. The amount amassed at the time of maturity is entirely tax-exempt. Investing in NPS can be considered as safe as investing in PPF and bank FDs. You can invest in NPS if you are aged between 18 and 60 years. NPS offers an annual interest of 12% to 14%.
* Public Provident Fund
PPF is another best investment option for NRIs. PPF is a government-backed scheme. Both resident and non-resident Indian citizens can invest in PPF. The current rate of return on PPF investment is 8% per annum. PPF investment comes with a lock-in period of 15 years and the maximum amount that you can invest is Rs 1.5 lakh in a year.
