Delhi, India , 20th November – Rabbit Invest, an AI-powered investment platform revolutionizing personalized wealth management, has launched a new offering for Non-Resident Indians (NRIs) in the UAE, USA, and UK, making it easier for them to invest in the Indian market through mutual funds. This service is tailored for NRIs with existing NRO (Non-Resident Ordinary) and NRE (Non-Resident External) accounts who wish to grow their wealth in India while working abroad.
With India’s economy poised for continued growth, Rabbit Invest provides a straightforward and accessible way for NRIs to participate in this opportunity. Using a simple digital interface, NRIs can diversify their portfolios and access India’s booming mutual fund market without complications.
Amounts deposited in the NRO and NRE accounts alongside FCNR deposits has increased to ~$146 Billion and growing at ~2% CAGR providing a strong base for NRIs to invest in the country.
| In $ Billion | 2019-20 | 2023-24 |
| NRO Account Deposits | 18 | 25 |
| NRE Account Deposits | 90 | 100 |
| FCNR (B) Deposits | 25 | 25 |
| Total NRI Deposits in India | 133 | 150 |
Source: RBI Remittances Data
Future-Ready with Taxation Support and More Investment Products In the coming months, Rabbit Invest will also introduce features to streamline taxation processes, simplifying the financial management experience for NRIs by addressing key tax requirements for investments in India. Additionally, the platform will expand its offerings to include other investment products, giving NRIs more avenues to grow their wealth.
“Building Wealth in India While Abroad” “Many NRIs are eager to be part of India’s growth story while they pursue their careers overseas. Rabbit Invest’s new offering is designed to simplify that process, enabling NRIs to invest back home easily and confidently,” said Saksham Malik, founder of Rabbit Invest.
About Rabbit Invest
Rabbit Invest is a fresh take on an investing and personal finance platform. They aim to become the one-stop-shop for personal finance for Bharat. Today, it works only on Mutual Fund investments and uses AI-backed data models to create unique and customized portfolio recommendations along with basic user education about the world of finance. Consider it your friendly neighborhood Fund Advisor meets technology and data to get you to start investing in minutes.
For more information, visit https://Rabbit Invest.io.
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