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Introduction
In the realm of investment, choosing the right mutual funds can be pivotal, especially for Non-Resident Indians (NRIs) seeking to navigate the financial landscape. In this comprehensive guide, we reveal five carefully organized mutual funds tailored for NRIs looking to kickstart their investment journey.
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Mutual Fund Selection Criteria
When delving into mutual funds, it’s imperative to assess three key criteria: return, risk, and expenses. Our selection process revolves around these pillars to ensure optimal investment opportunities for NRIs.
1. Return: We prioritize funds with consistent returns over a three-year period, offering stability and reliability beyond short-term frequently.
2. Risk: Assessing the risk profile of mutual funds involves scrutinizing factors such as the allocation of stocks, particularly examining the mix of large-cap, mid-cap, and small-cap investments to measure potential change quickly.
3. Expenses: Keeping a keen eye on expense ratios is crucial, as lower costs can significantly impact long-term returns. We advocate for prudent funds that prioritize cost-effectiveness without compromising performance.
Consult CA Arun Tiwari for more information at 8080088288 or cs@aktassociates.com
Top 5 Mutual Funds for NRIs in 2024
1. Nippon India Large Cap Fund: Ideal for stability, this fund focuses on blue-chip companies, ensuring a secure foundation for NRI investments amid market fluctuations.
2. HDFC Large and Midcap Fund: Offering a blend of stability and growth, this fund balances large-cap stability with the growth potential of mid-cap investments, catering to investors seeking moderate risk.
3. Nippon India Multi Cap Fund: With the flexibility to invest across large, mid, and small-cap stocks, this fund adapts to market conditions, making it a versatile choice for NRIs seeking diversified portfolios.
4. SBI Contra Fund: Embracing a contrarian approach, this fund identifies undervalued assets, delivering impressive returns by deviating from conventional market trends.
5. Motilal Oswal Nifty Midcap 150 Index Fund: Targeting mid-cap companies poised for resurgence, this sectoral fund offers exposure to high-growth potential stocks within the mid-cap segment.
6. ICICI Prudential Bharat 22 FOF:
Diversifying into public sector units, this fund offers exposure to top-performing PSU companies, providing an additional avenue for NRI investors seeking robust returns.
Investment Considerations :
While past performance serves as a valuable indicator, it’s essential to exercise caution and conduct thorough research before making investment decisions. NRIs should leverage online resources and seek professional advice to align their investments with their financial goals and risk tolerance.
Conclusion
In conclusion, the realm of mutual funds presents abundant opportunities for NRIs seeking to build wealth and secure financial stability. By adhering to prudent investment principles and leveraging expert guidance, NRIs can navigate the dynamic landscape of mutual fund investments with confidence. We invite NRIs to explore these curated mutual funds, embark on their investment journey, and stay tuned for more insightful content tailored to their financial goals.