New Delhi, Aug. 23 -- Non-Resident Indians (NRIs) are displaying a higher commitment to long-term investing compared to Resident Indians (RIs), according to a data report from FinEdge.
The report noted that over 75 per cent of NRI investors have remained invested for more than five years, and 65 per cent for over seven years--despite significant market volatility, including the Covid-19 crash.
In comparison, around 68 per cent of RIs stayed invested for five years or more, while 57 per cent held their investments for over seven years.
NRIs are also investing larger sums through systematic investment plans (SIPs).
The average monthly SIP amount for NRI clients at FinEdge stands at Rs 6,486, which is 58 per cent higher than the Rs 4,093...
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