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NRIs News

The Economic Times

NRIs / The Economic Times

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FCNR(B) is now Plan A for Gulf NRIs, leaving India-focused funds behind

Investment funds focused on India face fierce rivalry with the RBI's FCNR(B) deposit options. With investors drawn to the security of guaranteed dollar returns, fund managers are adjusting their tactics and reducing targets for offshore fundraising. This trend has prompted several clients to withdraw existing investments in favor of these attractive deposit schemes, signaling an anticipated capital reallocation after the September 30 cut-off.

5 Aug 2026 11:41 pm