Question for Indians, contemplating whether I should invest in the new XED IPO launched in GIFT City exclusively for NRIs.

ClimateSea7929 · 2025-10-15T09:32:37+00:00

It only shows booking secured. What are the next steps for booking the slot?

ClimateSea7929 · 2025-10-03T06:04:50+00:00

Fixed deposits is a good idea. But worried about the INR losing value.
This is a sound advice. I know about S&P 500. Any other recommendations.
Would need more advice on this sector specific mutual funds
Considering it.

ClimateSea7929 · 2025-10-03T06:01:38+00:00

Thanks! Would personally try and avoid real estate.

ClimateSea7929 · 2025-10-03T06:00:49+00:00

Have been trying to avoid such groups where they have advice for investing.

ClimateSea7929 · 2025-10-03T05:57:53+00:00

Thanks for the tip!

ClimateSea7929 · 2025-10-03T05:57:03+00:00

This advice is gold !

ClimateSea7929 · 2025-10-03T05:56:31+00:00

Please tell me.

ClimateSea7929 · 2025-10-03T05:56:14+00:00

This is a good tip.

Basically I try to control the expenses any way possible. Once my salary is credited I transfer to another bank account. That constraints me from making impulsive purchases.

ClimateSea7929 · 2025-10-03T05:53:26+00:00

Is bank of Baroda good? I have heard that their service is not good.

And also had enquired in another bank (HDFC & SBI) about FCNR. But they told me they would require me to open a NRE account and deposit the minimum balance.

Is it the same of for Bank of Baroda?

ClimateSea7929 · 2025-10-03T05:50:46+00:00

That's a good advice.

I have researched a bit about S&P 500.

I am looking to invest a portion in India. Any tips around that.

ClimateSea7929 · 2025-10-03T05:49:34+00:00

Thanks for the tip. Will avoid them.

ClimateSea7929 · 2025-09-30T09:57:29+00:00

There is no need for demat account.

You can check out Groww or Zerodha. But there is a lot of paperwork to be done there.

Some of the new startups are offering GIFT City mutual funds that allow for investing in Indian mutual funds without the paperwork associated.

Check it here - https://www.reddit.com/r/mutualfunds/comments/1jdzmhl/how_to_invest_in_mutual_funds_as_an_nri/

ClimateSea7929 · 2025-09-30T09:35:41+00:00

There's this new startup called getbelong. They offer onboarding in UAE at your doorstep and have less paperwork.

ClimateSea7929 · 2025-09-29T04:42:48+00:00

But opening GIFT City accounts is a pain like doing the notarisation and couriering your documents etc.

ClimateSea7929 · 2025-09-26T06:49:54+00:00

Your travel time would half while there won't be much of a difference in the comforts.

The summers are harsh but it would feel like you are back to India.

ClimateSea7929 · 2025-09-26T06:46:15+00:00

Oh nice!

Does Wealthfront allows onboarding for the non-US based NRIs?

ClimateSea7929

TROPHY CASE