New Delhi, Oct. 2 -- At a time when Indian investors are increasingly tempted to invest in US stocks through Portfolio Management Services (PMS), where professional fund managers invest on their behalf, Samir Arora, founder and fund manager of Helios Capital Management, has underscored the importance of considering the "estate tax" angle, which can significantly impact the actual returns from such investments.

While the Indian stock market has seen muted returns this year, the US stock market is hovering at a record high. The Indian stock market benchmark, the Nifty 50, has gained nearly 5 per cent year-to-date, compared to an over 14 per cent gain in the S&P 500.

The strong outperformance of the US stock market is luring Indian investo...