Why Indian expats in the Gulf are looking back home for higher stock market returns

Why Indian expats in the Gulf are looking back home for higher stock market returns

Gulf-based non-resident Indians (NRIs) have been pumping money into the Indian stock market, lured by the current bull-run on the Indian bourses and high return offered by some of the asset management companies (AMCs).

The investment fund of True Beacon, the alternate investment fund set up by celebrated Indian start-up entrepreneur Nikhil Kamath, has seen investments from the Gulf region clocking a 20 percent month-on-month growth in the recent months.

Industry sources said several other AMCs have also been witnessing an uptrend in the inflow of NRI funds recently, spurred by the positive market sentiments on faster economic recovery on news about coronavirus vaccinations.

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“The Gulf accounts for 20 percent of our global investments and is growing 20 percent on a month-on-month basis,” Kamath, co-founder and chief investment officer of