Here’s how you can take care of your investments even when you are moving abroad

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  • Saturday Dec 08, 2018

Australia, Dubai, Canada, Germany and the US: these are just a few prominent locations where one can find a working and thriving Non-Resident Indian (NRI) community. Each year, a large number of Indians go to other countries in search of better jobs and opportunities. Moreover, when one shifts to a new country, it is a new beginning: new place, new people, new position and a new approach to investments.In this article, let’s explore how NRIs can create a sound financial plan for their future.

Change in investments 

As an individual, your financial goals and risk profile may be the same whether you stay in India or abroad. However, numerous factors can influence your investment decisions. The most important thing to remember is that as an NRI, your financial portfolio is linked to the country where you work. For example, the tax regime and basket of investments available in the United Kingdom are different from Dubai.

Once you change your status to NRI, you have to update your KYC forms based on your new residential address for mutual fund investments and demat accounts. Besides, the range of investment products from India can be limited. For example, there are only a handful of mutual fund products available to NRIs in the US and Canada. 

Some Investment options can be:

Retirement Planning 

Retirement planning is one of the biggest goals for Indians who are working overseas. After working hard in a different country for a long time (decades in some cases), most people want to retire with a good lump sum and enjoy the sunset years of their lives. This is possible if you carefully plan and invest for your future. And if you are in your early 30s or so, the good news is that you have an extended period to invest and create a substantial corpus. 

Investment options for retirement

You should invest in financial products like equity mutual funds that give you high returns over the long term. Start with online investments in a Systematic Investment Plan (SIP). This way, you can simply transfer a sum from your savings account directly into a mutual fund of your choice. You can consider investing through because it provides you with an all in one account for all mutual fund needs. Over time, your small monthly investments will grow into a huge corpus and meet your retirement needs. You can also invest through Systematic Transfer Plans (STPs) if you wish to change from one fund type to another. So, whether you want to go on a world tour with your family or purchase real estate in a scenic countryside, your retirement fund can meet your expenses.

Taking care of elderly parents 

Many NRIs face a unique problem when it comes to their elderly parents. Despite pleas, many parents are unwilling to relocate to a different country. At the same time, it may not be feasible for children to leave their jobs and come back. But when parents reach a certain age, it is important to provide adequate care. This can include healthcare costs and financial security for the parents.

As a responsible child, it is essential to take care of these different aspects. Health insurance can come in handy for medical expenses. But in addition, you should also maintain a buffer amount. This is an emergency fund which you can plan for an emergency to meet immediate expenses. But instead of keeping the money in a bank account, you could invest in a debt fund or a liquid fund to earn inflation-beating returns over the years. 


As an NRI, your investment goals  may remain the same, but your investment journey takes a new turn. This includes factors like your new cash flows, expenses, investment options and the taxation process in the country where you are based. Click here to check out the investment options and invest steadily for your future goals.

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