BQ Big Decisions: Is There A Use Case For Making Equity Investments Abroad?
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
It’s safe to say that most of your financial needs can be met by investments that you make in India. But there are distinct advantages, especially in some specific situations, to making investments abroad.
Buying equity directly in the U.S. or other developed markers would require an international brokerage account, which may also need a sizable deposit, according to Amol Joshi, founder at Planrupee Investments. A more easily available option is to invest in mutual fund schemes that are floated by asset management companies in India, and which invest in assets abroad.
On this BQ Big Decisions podcast, Joshi spoke about the advantages of investing a portion of an individual’s portfolio in assets abroad, and specific use cases for such a strategy.