A recent report by the Reserve Bank of India (RBI) and another by Kotak Institutional equities, revealed that Indian households are saving less. Average household savings dropped from 23.6% down to 17.2% between 2011 and 2018.

The report suggests that in the past, savings were channelled into low-return deposits, investment-linked life insurance, property and gold. Although savings have decreased, investments into insurance and pension funds have increased. (gulf news)

Indian professionals are becoming more investment savvy and thus are channelling their savings and investments into higher risk investments that could potentially produce higher returns. There is an emerging awareness on the importance of retirement planning and investment for old age.

As an Indian expat, your time working abroad is not guaranteed and could be limited. It is vital that you plan for your retirement and financial future. Contact a deVere Acuma adviser to help plan for your financial future. [email protected]

Things to consider before you invest

• Do your homework – do as much research as you can on investments and retirement funds.
• Get financial planning advice from a qualified reputable financial adviser.
• Decide on what your risk appetite would be.
• Understand the importance of diversification and how it will reduce your investment risk.
• Do you contribute towards a company pension or have a pension back home? This will determine how much to invest in a private pension plan.

Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere Acuma adviser for a personal consultation.

* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.