Capitalmind looks at stocks, bonds, funds and the macro to bring you their view on the Indian financial markets. We discuss all things related to investing at our focussed podcast that keeps it simple. For more, go to capitalmind.in and to invest with us, visit capitalmindwealth.com
Shray sits down with Deepak Shenoy from Capitalmind to unpack the real playbook for NRIs thinking about investing in India — the taxes, the paperwork, the returns, and the traps nobody warns you about. What we uncover: The 3 types of NRIs who should invest in India — and the ones who absolutely shouldn’t. Why patriotism and FOMO are the worst investment strategies. The real return math: 12% in rupees, ~8% in dollars after currency depreciation — and why falling inflation could change this equation entirely. Stocks vs. mutual funds vs. real estate: Why your passport decides your investment vehicle. UAE and Singapore NRIs get tax-free mutual fund gains; US and UK residents face PFIC nightmares. The paperwork horror: Why 5% of your portfolio in India creates more admin than the other 95% abroad — and why Deepak respects any NRI who’s actually opened a Demat account. The “famous stocks” trap: Why buying Indigo, Swiggy, or Jubilant from abroad without local context is a recipe for pain. Great brands ≠ great investments. Moving back math: ₹2L/month puts you in India’s top 1%. $500K in fixed income could fund your entire re-entry. And why you still shouldn’t bring everything back. Deepak breaks down the Doordash minimum wage vs. Indian purchasing power, why small caps hold India’s real growth story, and why NRI investing success is measured in rupees — not dollars. Chapters: 0:00 – Not every NRI should invest in India 1:36 – Who is this conversation really for? 3:54 – The 3 types of people who SHOULD invest in India 6:34 – You have family & money sitting idle in India 7:19 – You know you’re coming back someday 11:44 – The worst reason to invest in India 18:16 – Stocks, mutual funds, real estate — where to put your money? 22:07 – Your 12% return is actually 8% (here’s why) 29:43 – Is Indian real estate worth it for NRIs? 36:57 – The paperwork nightmare no one warns you about 37:26 – Where you live changes everything 38:09 – UAE & Singapore NRIs — this is your tax cheat code 40:07 – Why US & UK NRIs should avoid Indian mutual funds 45:25 – Why buying Indian stocks from abroad is risky 51:44 – Great company. Terrible investment. Here’s the difference 1:03:15 – Should you move more money to India as you plan to return? 1:09:26 – What does winning actually look like? 1:16:29 – Invest with your head, not your passport