New Delhi, July 26 -- With Indian equities witnessing bouts of volatility for months now, many investors are looking overseas for stability and growth.

Markets such as the US and China have delivered strong returns, prompting a common question: Should Indian investors diversify globally, and if so, where should they invest? And how much of their portfolio should they allocate abroad?

"Honestly, I don't think it's a US-or-China choice for most Indian investors. They're two very different markets, and they're doing different things right now," says Viram Shah, Founder and CEO, Vested Finance.

The US is where the growth and the money are. But it's expensive, and it's very top-heavy. A few giant tech companies now make up almost one-third ...